As your go-to homebuilders in Utah, we at Hamlet Homes offer both quick
move-ins and other new home formats for you and your family. Our communities are both safe and affordable, with all the amenities a modern family needs. As a prospective buyer, what are some of the advantages of quick move-ins versus under-construction homes? Let’s take a look.
This rarely happens within our new home construction processes, but the construction industry can be variable in terms of timing. Those who cannot afford any delay and need a guaranteed, locked-in date are generally better suited to look to quick move-in locations, just in case there are any unforeseen issues during construction. These are often unavoidable issues that don’t even signal a mistake by the builders, but rather a standard issue within the industry.
Interest Rates and Default
In many cases, under-construction properties will come with higher interest rates. They can also bear higher risks of default, which are expected by many experts in the industry to rise over the next several years. Move-in ready homes, however, can come with lower rates, and can also offer you the ability to save money – there’s no need to pay additional funds to stay somewhere else while the home is finished.
If there’s any chance you may need to sell the property soon after purchasing it, move-in ready is generally the way to go. These homes have more liquidity, and some under-construction homes cannot be sold for a period of time without the approval of the builder, and an extra commission. Want to learn more about the advantages of move-in homes, or any of our other services? The experts
at Hamlet Homes are standing by.