The United States remains one of the most attractive countries for purchasing real estate. This is not surprising, given the economic, tourist and industrial potential of the country. The land fund of the states is also huge, and not only in the interior of the continent, but also on both coasts. Therefore, new homes in the U.S. can be found to suit every taste - from Arizona to California and Arkansas.
Features of housing in new homes in America
Real estate in the USA from the developers - these are objects erected using modern construction methods and materials. For example, in the description of new housing in America you can often find a mention of the GigaCrete material. This is a modern and environmentally friendly building material that does not contain silicates and Portland cement, has high fire resistance and strength.
Other advantages include:
- A variety of layouts. There are many different types of housing in the United States, such as Tract Homes — standard homes in planned communities, Spec Homes — homes built without a specific buyer, taking into account popular trends and market preferences, and Custom Homes — completely individual homes designed and built according to the wishes of the client, with the ability to choose all aspects of the design and layout.
- Developed infrastructure. New properties are often built within planned communities, where developers take into account the presence of parks, children's playgrounds, shops, cafes, fitness centers, and everything that a modern person might need.
- Builder warranties. Developers provide warranties for new housing:
- 1 year. Coverage for finishing work and materials, including doors, windows, wall decoration.
- 2 years. Warranty for heating, ventilation, air conditioning, water supply and electrical systems.
- 10 years. Protection against structural defects that affect the safety and suitability of housing.
Cost of housing in new buildings under construction in the USA
The cost of new housing in the U.S. is quite high, and if you look at it relative to world prices, it is one of the highest in the world. However, household income is also higher, and the lending system is better developed. Most transactions are carried out with the help of a mortgage, and its rate in the USA is only 6-7%.
Average prices for new buildings in America by city:
City |
Price per m² (USD) |
Price per sq. ft (USD) |
New York, NY | 4888–15,000 | 453–1400 |
San Francisco, CA | 4305–10,000 | 400–930 |
San Diego, CA | 3500–5000 | 325–465 |
Austin, TX | 2250 | 209 |
Dallas, TX | 2099 | 195 |
Atlanta, GA | 2059 | 191 |
Charlotte, NC | 2277 | 211 |
Nashville, TN | 2491 | 231 |
Phoenix, AZ | 2464 | 228 |
Portland, OR | 1938–2960 | 180–275 |
Houston, TX | 1871 | 173 |
San Antonio, TX | 1823 | 169 |
Roles, NC | 2179 | 202 |
Tampa, FL | 2058 | 191 |
The nuances of buying real estate in American new buildings
For US citizens, the process of buying real estate from American developers is relatively simple and includes choosing an object, signing a contract and obtaining a mortgage if necessary. Foreigners first need to obtain an individual tax identification number (ITIN), open a bank account in the US and provide documents confirming financial solvency. It is also important to consider possible restrictions on the purchase of real estate in some states and a complete ban for citizens from sanctioned countries.
Popular areas of the USA for purchasing real estate from a developer
There are many cities in the USA, and each can offer something unique. Therefore, first of all, you need to decide on the purpose of purchasing real estate: investment, relocation or purchasing a second home. For example, it is important for investors to consider not only the current value of the property, but also the prospects for price growth in the region, and when choosing an object for permanent residence, it is better to pay attention to the crime rate, climate and standard of living. Here are the most popular cities:
- Dallas-Fort Worth, Texas. Active construction and affordable prices make this region attractive to investors and families.
- Orlando, Florida. Developed tourism infrastructure and stable population growth contribute to the increase in demand for new housing.
- Salt Lake City, Utah. A rapidly developing region with a high quality of life and affordable real estate prices.
- Seattle, Washington. A tech hub with high demand for housing among young professionals.
- Atlanta, Georgia. A variety of offers and moderate prices make this city attractive to different categories of buyers.