How Affordable is New Construction in Metro Atlanta?
Driving through North Fulton (Roswell, Alpharetta, Milton) and East Cobb, you will mostly see signs with new home price ranges for detached houses starting from the high $500’s. New construction inventory for town homes typically starts from very high 300’s and there is more supply for new town homes starting in the low 400’s. Going further north on GA 400 into Cumming, Forsyth County, you will find attached homes (town homes) in close to mid 200’s even though there is not that much inventory. New construction inventory increases as you go into the high $200’s and 300’s and up 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 Woodstock, Kennesaw, and Acworth, even though Kennesaw offers some some new home inventory in the lower-to-mid 200’s as well and some of those are one-level units. Detached homes in Woodstock, Kennesaw, and Acworth mostly start in the low 3oo’s even though there is some very limited inventory of mid-to-high 200’s detached homes in Acworth. Mid-to-high 300’s is the starting point for new construction in Suwanee as, while Buford and Sugar Hill offer some inventory starting in the low-to-mid $200’s for town homes and very high 200’s for detached homes. In Lawrenceville there is good inventory to choose from starting in the mid-to-high 200’s as well. If you wonder if there is really affordable new construction, then you should try Dallas, Paulding County, where you can actually find detached homes starting in the high 100’s.
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.