Phoenix Real Estate Market: Why Buy a New Home at William Ryan Homes Phoenix?

Phoenix is and has been, one of the hottest real estate markets in the United States. This real estate market demand has reached new heights. According to Zillow's home value index, typical property values in the Phoenix metropolitan area grew by over 31% from February 2021 to February 2022, compared to the previous 18.8% from February 2020 to February 2021. Which is one more reason why homeownership has continued to present itself as a wealth-building opportunity in Phoenix, Arizona.

Home prices in the U.S. have also continued to climb at a breakneck pace but according to recent data from realtor.com, a city like Phoenix, Arizona, has had the third-highest rate of new construction. But why is that so?

●     Homeowners are purchasing more homes in Phoenix due to the metro area's double-digit rent hike and high price-to-rent ratio.

●     Nicknamed "Valley of the Sun", the area has plenty of nice weather with 300 days of sunshine every year. This makes it a popular place to buy and own a home and enjoy the outdoors.

●     In addition, the city is home to Arizona's major professional sports leagues, dozens of museums, performing arts venues, and world-class resorts. And if baseball is your favorite hobby, you are in the perfect place to catch the action at a spring training practice game.

●     Last but not least, there's a growing workforce and higher wages in Phoenix. Arizona is projected to see yearly growth of about 1.6% towards the end of the decade. Along with this, most buyers are moving from urban apartments to suburban homes, creating a strong demand for rental property from investors.

Why is buying a new home in Phoenix better than a resale?

Have you been looking at home listings in Phoenix and trying to decide between resale or new construction? The thought of buying a new home may seem intimidating and out of reach but that doesn't have to be the case.

Here are four excellent reasons why a new home beats a resale every time.

1. New home warranty

When you buy a new home at William Ryan Homes Phoenix, you are given a new home warranty. The 1-2-10 Transferable Limited Warranty Program. How does it work?

●     1: for a period of one year after closing, we warrant the quality of materials and workmanship of the original construction.

●     2: for a period of two years after closing, we warrant the workability of your mechanical systems, which include plumbing, electrical, heating, and air conditioning.

●     10: for a period of ten years after closing, we warrant the structural integrity of your home, specifically all the load-bearing components.

Transferable means that the warranty is part of your home even if you decide to sell it. Limited means that there are items that are considered normal wear and tear and are not covered in the warranty.

All this is detailed in our Construction Warranty Standards, which you first review with your sales representative. We also include maintenance tips on how to care for your new home, a 60-day tune-up, and an 11-month warranty review, easily done through your My Home 24-7 account.

2. You can personalize your brand-new home

One of the perks of buying a new home is that you get to choose personalized upgrades and options. You select your flooring plans, fixtures, cabinet styles, countertops, appliances, paint color, hardware, and more. You get to ensure that everything in a home is to your taste from the moment the house is constructed. It is built around your style. You can't get this option from a resale home!

3. Location

You know what is said about real estate and location. At William Ryan Homes Phoenix, we put a lot of planning and thought into where we build our homes. This means you will be close to the things and activities that matter to you, like shopping, entertainment, good schools, and recreation.

4. Your new home is energy efficient in construction and design

A new home comes with state-of-the-art, energy-saving building and material systems to help you save money, conserve energy, and provide your family with more comfort. At William Ryan Homes, our scores are ranked among the best in the region. The Home Energy Rating System (HERS) index is the industry standard used to measure a home's energy efficiency. This helps you lower your energy bills and improve the environment too.

SPRAY FOAM HOMEOWNER SURVEY: We surveyed families who live in a spray foam insulated home to better understand what benefits they experienced living in an air sealed home. 86% notice fewer insects indoors, 86% have lower energy bills, 90% notice minimal dust, 92% recommend spray foam homes, 88% notice fewer allergens indoors, 82% notice less outdoor noise, and 98% would use spray foam again.

Arizona's housing market is flourishing and with existing homes attracting many offers, most home buyers are seriously looking at new home construction. At William Ryan Homes Phoenix, we've got you covered. Get in touch with us today and make that move. You can also visit our website and follow our Facebook and Instagram pages for more exclusive updates.