What is a New Construction Home?

A new construction home is a property that is newly built or still being built and has not previously been occupied as a residence. Buyers may purchase a new construction home before construction begins, while it is under construction, or after it is completed. The term “new home” can be broader. A home can be new to a buyer without being newly constructed, while a new construction home specifically refers to a property that is recently built or currently being built. New construction homes can range from production homes in large developments to semi-custom and fully custom properties. Whether you’re buying a home in Charlotte, NC, or building a property in Phoenix, AZ, understanding the different types, how to buy a new construction home, and what to expect from the builder can help you decide whether a new build is right for you. What is considered a new construction home? A new construction home is a newly built property that typically has not had a previous owner or occupant. It may be a completed home that’s ready for move-in, a property that’s currently being built, or a home that hasn’t broken ground yet. New construction homes are commonly built by professional home builde...