What constitutes a luxury home? According to Lori Lane, Senior Vice President of the New Homes Division for Berkshire Hathaway HomeServices Georgia Properties, “There are several factors that help distinguish a luxury community. Location, amenities and school system are usually the main ones we consider when defining a luxury neighborhood.” read more
Metro Atlanta is a very desirable place to live for many reasons. In fact, according to Money Magazine, Atlanta ranks as the number one place to live in the United States. From its exceptional job market and outstanding cultural offerings to the myriad educational opportunities and access to gorgeous natural attractions across the region, the city and its surrounding areas beckon buyers to find their forever home in the city of their dreams. And there’s no better time to start your search in Atlanta than the springtime. Here, Lori Lane, president of Berkshire Hathaway HomeServices Georgia Properties’ New Homes Division, explains why this season is the best time to have Atlanta spring to mind.
Why is spring the best time to house hunt in metro Atlanta’s new home market?
For several reasons, the spring market is recognized as one of the best times to purchase a new home in Atlanta. It is really no surprise that spring brings out the most buyers. Warmer temperatures and longer days make it an ideal time for potential buyers to look for a new home. We find many with children start their home search in the spring to ensure that they are in their new home by the start of the fall school year. Also, new homebuilders historically tend to increase their inventory home levels during this time of year to meet the higher demand.
Do builders offer incentives in the spring?
To put it simply, yes. Many homebuilders are currently offering incentives, including interest rate buy-downs and 30-year fixed interest rates as low as 4.99 percent (which can reduce your monthly payment by hundreds, if not thousands, of dollars). In addition, some will pay towards closing costs so you need less cash up front. Others offer move-in appliance packages to help reduce the cost of big purchases.
Are some new home communities more popular than others in warmer months?
New home communities that offer a variety of outdoor amenities or those with great walkability scores tend to become very popular in warmer months. For instance, Long Hollow Landing on Lake Lanier, which features a private boat dock, attracts those who enjoy the lake and boating. Soleil Belmont Park, an award-winning active adult community in Canton, offers a resort-style amenity package for lovers of the outdoors; activities and amenities include swimming, tennis, pickleball, bocce ball, a health/fitness center, walking trails and a community garden, as well as a coffee and cocktail bar. There is even a lifestyle and travel director to help plan your next springtime adventure.
What should people know about the current local new home market in the metro area?
As the market resets and regains balance, it is important to remember that Atlanta is still a very active housing market. The National Association of REALTORS® named Atlanta as the housing market with the most potential for growth in 2023. The amount of new home inventory available is at its lowest level in five months with just under two months of supply.
For more information, visit Berkshire Hathaway HomeServices Georgia Properties’ New Homes Division.