Tampa’s home prices are steadily increasing. Homes are also flying off the market and placed under contract faster than being listed for sale. In the current market, inventory for residential real estate is low and if you are looking for a specific home with all of your wish list items checked, you may find it hard to come by.
For that reason, Tampa has seen an increase in new construction homes. An option for Tampa residents to secure a home and in the time frame needed (and with all of the shiny and new features) is to build a newly constructed home. You may find new construction homes are priced the same or a little higher than already developed residential homes. However, there are a few areas you need to consider first.
Does building a new construction home seem like the right fit for you? Take a look at some of the advantages and disadvantages of buying a new construction home in the Tampa Bay area.