You may be hearing a lot of hammering and drilling in your neighborhood over the summer months. New home construction is up in many areas, such as Iowa City. There’s a 28 percent increase in new homes being built in Iowa City this year over last year according to Ruhl and Ruhl Realtors. New home sales are also up in this area, by 13 percent. That’s keeping local builders busy.
Gary Frakes who built the home you see in this video, says construction has really picked up, almost getting them back to pre-recession levels. He says there are advantages to buying new. The house and equipment comes with warranties, they’re more energy efficient, and oftentimes you can customize it to fit your needs and style. Frakes adds buying new doesn’t have to break the bank.
First thing anyone has to decide is not how much they can spend but how much they want to spend on a new house. The smart thing to do is ask a realtor to show you new homes so you don’t have sticker shock. Say my price is $300,000 then see $300,000 homes. Price is $200,000 do the same so you see what’s on the market for that price, said Frakes.
You can check out several new homes in the Iowa City area at the Homebuilder’s Association Parade of Homes. It starts May 31st, with showings on several dates through June 5th. There are 33 new homes and 9 remodeled homes on display.
For more information on the Parade of Homes click here.