Buying Your First Indianapolis New Home: Is Now the Time?
The market for Indianapolis new homes is on the rise, which has many first time buyers wondering if now is the time to lock in low housing prices and rates for a new home purchase. So what’s right for you?
Buying Smart in a Buyer’s Market
Buyers have a great opportunity today – prices and rates are still low, but the Indianapolis real estate market has strengthened consistently for each of the last 6 months. This means lower inventory, which boosts prices (and interest rates could soon follow). Each increase in prices and rates diminishes a buyer’s purchasing power, so buying now can be a smart move for buyers who want more features in their home and a highly desirable location.
Programs and Services for Home Buyers
One of the first steps in buying your first Indianapolis new home is to acquire financing. Review your own finances and establish your budget; see how much you can afford to put down and what you can comfortably handle for monthly mortgage payments.
Indiana offers several programs and support options which make home buying affordable for many people. The Indiana Housing and Community Development Authority has programs for first-time buyers, special interest rates programs, and programs requiring no down payment.
Something Old or Something New?
Buying an older house is great, but can require costly updating, renovation, or repairs. Buying a new home means everything is brand new and just the way you want it on the day you move in, which means you have more time to enjoy your home (and often more money in your pocket!) The key to new home development is to find a reputable builder who will work with you to design the right house for your lifestyle and budget.
Get to Know Your Builder Personally
At Inglenook, we are on-site almost everyday to answer questions during each step of building your new home. It’s a personal relationship that you won’t find with most home builders, and when you’re buying your first home that kind of personal attention and commitment is priceless.
Located just north of Indianapolis, the Inglenook pocket neighborhood allows you to remain close to the city without having the feeling of being overwhelmed by the daily city grind. The community consists of twenty-seven cottage home sites. All homes are designed with large front porches and are centered around tranquil community gardens and neighbor-friendly walk-ways.
Each home is thoughtfully positioned with its neighbor to create a sense of community, while still providing privacy via attached garages, workshops and private balconies.
Discover Inglenook for Yourself
The Inglenook cottages are open every Saturday and Sunday from 1:00 p.m. to 4:00 p.m.
With six different floor plans and move-in ready options, the Inglenook community offers a solution that is sure to meet your needs. Take the next step towards living in your dream home and email us or call 877.395.3955 to schedule an appointment today.
We will be closed this Sunday, May 13th for Mother’s Day.