How Affordable is New Construction in Metro Atlanta?

February 18, 2016

Bear White
Wondering why I am chasing the bear and not the other way around and how this is real estate related? Last summer a past client of mine who lives in Woodstock saw a bear in his neighborhood on more than one occasion. Maybe it came from the North Georgia mountains, and it was not new construction in the area that had chased it out of its home, but I could not help thinking of the massive construction of new homes in Atlanta in the last two years. I am sure you have seen it, but have you paid attention to the big signs at the entrance showing the price range? Click HERE to find new construction homes on the market today or keep reading to find out what areas offer the most affordable new construction in metro Atlanta.

Driving through North Fulton (Alpharetta, Roswell, Milton) and East Cobb, you will mostly see signs with new home price ranges starting from $500,000. There is very limited new construction inventory in the high $200,000’s and in the $300,000. Going further north on 400 into Cumming, Forsyth County, you will find attached homes (town homes) in the low $200,000’s even though there is not that much inventory. New construction inventory increases as you go into the high $200,000’s and 300,000’s for attached as well as detached / single family homes in that area. This is the price range where you will find a larger inventory of new homes in Acworth, Kennesaw, and Woodstock, even though these parts of metro Atlanta offer some new home inventory in the lower-mid $100,000’s and low $200,000’s as well. High $200,000’s (mostly town homes) and $300,000’s is the starting point for new construction in Duluth and Suwanee as well, while Buford and Sugar Hill offer some inventory in the low-mid $200,000’s. We really have the largest inventory of affordable new homes in Lawrenceville where they start from just above mid $100,000. There is good inventory to choose from in the low-mid $200,000’s as well.

Buying new construction is different from buying a resale home, and as in any other situation, make sure you hire a good agent to be on your side (not the builder’s side) and represent you.

For some very useful information on new construction buying, take a look at 11 New Construction Home Buying Tips by Ryan Fitzgerald with Raleigh Realty, North Carolina.