A lot of families moving to Dallas metro area are interested in buying a new home in Prosper Texas as Prosper boasts of good schools, homes for every price range, great outdoor options for nature lovers and a accessibility to modern conveniences. Relocating to Dallas and Prosper can be an exciting experience. Dallas, Houston, and Austin are on pace to build a total of nearly 130,000 new homes in 2017, based on a Trulia analysis of building permits. That’s more than 10 percent of all new construction expected in the U.S. this year, and enough to put all three metropolitan areas in the top five for permitting activity. New York and Phoenix round out the group. And Prosper is one of the top cities for new home construction in Dallas metro area. One question on top of your mind, if you are relocating to Prosper Texas, probably is - how long does it take to build a new home in Prosper?
According to the 2015 Survey of Construction from the Census Bureau, the average completion time of a single-family home is around seven months.
But COVID-19 has caused a lot of delays in the new home construction in Prosper. Shortage of basic construction materials like windows, lumber, insulation material etc has resulted in longer than expected build times. Pandemic continues to strain supply chains. It's also hard to coordinate labor when supplies don't arrive as scheduled.
It’s also important to note that factors, such as the complexity of the project — the land in Prosper on which the home is being built, the area where the home is being built and the intricacy of the home’s floor plan — will affect the building timeline. Custom homes can take longer to complete than production homes, while manufactured homes typically can be completed in a few months.
Here are four most common factors influencing new home construction time in Prosper Texas: pre-construction and permits, workers and supplies, changes and construction style. Although knowing what to expect may not speed up the process, it might just help you maintain your sanity.
Pre-Construction and Permits
Before a builder can start building your home in Prosper, the home’s lot must be prepared. That means clearing trees, rocks and other items, rough grading and leveling for the foundation. Depending on how much work is involved — say there’s an unexpected issue while clearing the lot — there can be delays during pre-construction.
Getting proper approvals and permits from city of Prosper can also cause delays. Factors like approval on building permit and inspections process can vary between locations and can lengthen the time to a completed home. Different cities in Dallas metro area like Prosper, Frisco, Flower Mound, Irving, Coppell, Dallas, Prosper, Celina, Allen, Southlake and Colleyville have different processes and time requirements for new construction home plan approvals and permit approvals.
Depending on where the home will be, building times can be affected by region of the country — homes in the Middle Atlantic Region averages about 9.5 months from start to completion, Southern region construction averages around 7 months while the Mountain Region construction averages around six months. Construction in metropolitan areas is usually quicker — seven months, compared to nine months in more rural areas.
Although construction workers can do a lot of work in the rain when building a home in Prosper, such as trenching or cutting down trees, there are some things that can be held up because of the rain. Primary weather factors — including the winter freeze — prohibits the pouring of concrete for the foundation and spring rains saturate the ground so much that holes cannot be dug for easily.
Availability of Workers and Supplies
The summer months are generally the busiest time for home construction in Prosper, so you might find your new home’s construction delayed while waiting for the necessary labor to be available. In addition, as mentioned earlier, COVID-19 has exacerbated these issues.
One element in our construction time calculations is the available labor pool and how which specialists are needed among the subcontractors, like the electricians, plumbers and framers that the design calls for. The recent hurricanes in Houston have caused a shortage of labor for new home construction builders in Prosper, Frisco, Flower Mound, Irving, Coppell, Dallas, Prosper, Prosper, Allen, Southlake, Colleyville and other cities in Dallas metro area as labor resources have moved to Houston to work on the homes impacted by flooding.
Changing the Plan
Change orders will usually extend the build time, especially if they occur in the latter part of the process as the new home builders in Prosper have to submit changes to the city of Prosper for approval. When, as a buyer, you wait until the last minute to choose their finishes, this can cause delays. For example, cabinets usually take six to eight weeks to order and one to two weeks to install, so selecting cabinets when it is time to install them will cost you two months or more. To limit the amount of time lost to decision delays, you should maintain open communication with your builder. After all, throughout the construction process, there will be many decisions that you must make along the way.
The style of your home will also influence construction time. Custom-built homes in Prosper can take on an average between 10 to 16 months, while personalized production plans average four to six months. Because the floor plans used by production builders in Prosper have been built many times before, there are generally fewer delays. Choosing a standard floor plan will quicken the building process, because it eliminates any variations that the builder will need to work out,
Tip: Did you know that most of the new home builders have up to 2 years to complete new home construction according to the contract?
Top Prosper TX New Home Builders selling homes are:
Drees Custom Homes
Prosper New Home Builder Construction Statistics
* median DFW new-home prices are more than $100,000 higher than a decade, ago
* as of June 2021, the median home price in DFW is $340,600
* for 2Q21 new-home starts of $200,000 to $250,000 are up by 28%
* 2Q21 home-starts below $200,000 represent only 8% of total starts, compared to 62% a decade ago
* the greatest jump in starts for 2Q21 is for homes priced between $350,000 and $399,000
* closings between $300,000 and $399,000 have surged – builders state that homes priced under $400,000 are in the greatest demand
* from 2Q20 to 2Q21, new-home starts jumped 18%
Are you a first time new construction home buyer in Prosper, TX? If so, make sure you take good note of the above market information. By taking into account these market statistics, buying your first new build home in Prosper TX will be much easier and less stressful! If you have not selected a top Prosper, TX Realtor to represent you in your home purchase, contact me, and I’d love the opportunity to interview for the opportunity to help find you your dream home!
If you are planning to relocate to Dallas TX area and are planning to explore areas like Celina TX, Plano TX, Frisco TX or Southlake TX, contact us. Our excellent Dallas Real Estate Services provided by top Dallas Real Estate Agents will make buying your first home much easier and will make your Dallas TX relocation less stressful! Check out our Dallas Relocation Resources at http://www.nitinguptadfw.com/dallas-relocation-real-estate-agent
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