Homebuyers trying to decide between new and used haven’t had many choices in the past few years.
“Most of the new-home builders have been fishing and hunting because they couldn’t sell homes,” said Jack McCabe, a housing analyst in Deerfield Beach.
But the improved housing market means buyers have options again. A national index measuring builder sentiment rose in June to its highest level since May 2007.
South Florida builders are ramping up, with developments sprouting in Cooper City, Parkland, suburban Delray Beach, west of Palm Beach Gardens and other areas.
New homes have the obvious advantages: They come with builder warranties and allow buyers to select colors and floor plans. In some cases, the homes are easier to insure. But an existing property may offer more space for the money and a more convenient location.
Wrestling with the decision?
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Read: “Homebuyers have more options as market recovers,“ an article by Sun Sentinel.