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Triad New Home Construction Rebounding

Triad New Home Guide - Fall 2015

Triad New Home Construction Rebounding

For the third straight year, the Triad has seen a steady increase in new-home construction.

With healthy and even double-digit growth in the number of new home starts every year since 2011, 2015 is shaping up as equally strong, which equates to solid home values for new-home buyers and for existing homes alike.

Laurel Homes, a Wilmington builder, has recently joined the Triad custom building scene, showcasing its first spec house in Magnolia Estates, off Highway 150 in Guilford County, during the fall Parade of Homes.

“While the Wilmington market has been a tremendous success for us, I cannot begin to explain how thrilled we are to be building near our home here in Summerfield. We look forward to bringing some new fresh ideas and trends from our coastal builds,” says Robbie Barnes, Laurel Homes partner, stressing the fact that on the coast and on the mainland, the kitchen as the centerpiece of the home is one trend that is not going anywhere fast.

Triad New Home Guide/Resources/Triad New Home Construction Rebounding/Laurel Homes - Kitchen
"The kitchen is the centerpiece of the home", says Robbie Barnes of Laurel Homes.

The Triad market is a dramatically different market from our neighbor, both to the east (the Triangle) and the south (Charlotte metro). The Triad has always had a healthy contingent of custom homebuilders whose strength is in crafting fine homes on scattered site properties as well as in some of the best new-home neighborhoods. Custom home construction requires a one-on-one approach between builder and homeowner. Time is also a factor. While custom construction can involve homeowners purchasing a home already under construction and customizing it to their tastes, often a custom home is customized from developing the blueprint to signing the closing papers. In the latter instance, a timeline of six months to a year may be required.

Custom construction or semi-custom construction offers the opportunity to build in a location where a volume builder cannot serve you. You may own your own tract of land in the county or you may want to build in a neighborhood where a volume builder does not own any lots. In both cases, you will need to seek the services of a custom builder.

Custom builders do not have the advantage of the volume purchasing power of the large volume builders, but you can expect a higher level of interaction with a custom builder than would be necessary with a volume builder.

Whether you are purchasing a home that is ready to move in or starting from scratch and designing your new home from the blueprint outward, there are still many areas where you can customize your new home. Building outdoor living areas and adding decks and deck railings add an excellent living area and extend your beautiful new home to include the outdoors. Outdoor kitchens, fireplaces and fire pits all are options that add to the home appeal.