Why Building is a Great Option

Watch on your mobile device >>

A great indicator in the real estate market is what’s going on in new construction. We’re seeing a huge resurgence in new construction, which we haven’t seen in four to six years. New construction sales were up over 40% compared to 2012 at this time last year and up 70% over 2011. What’s the cause? There’s a whole host of factors: low interest rates, low inventory for existing homes, pent-up demand and increased home prices over the last two years. People are taking advantage of new construction.  

As of the first of the year, new construction costs started to rise, and lot prices are also rising because of a shortage of lots to build on in some areas. To assist our agents go through the new construction process with their clients, we have a new construction manager. He represents builders but primarily works one-on-one with our agents. Our construction manager reviews builder contracts, provides information on financing options, researches lots that are available, keeps agents up to date on subdivisions, developments and SIDs, and recommends quality builders. To further assist our agents, we also provide regular new construction classes for our agents.

Another way to help our customers is through a special web site we host—omahaarealots.com. It’s the most comprehensive lot and subdivision search site in Omaha. The site features more than 115 new construction subdivisions, available lots and properties, covenants, plat maps, descriptions of the builders and links to their sites, floor plans, photos and more. You can also access a list of questions to ask a builder. It’s great for consumers looking to do new construction. We’re always updating it.

As the market increases, please know that we at DEEB Realty® are trying our best to guide you through the new construction process. Give us a call so we can tell you where to be positioned and how to be successful in this market. Please call us at (402) 491-0100.  We’d be happy to assist you.