What are the Benefits of a Quick Move In Home?
If you're familiar with the world of new construction homes, you've likely come across the term "quick move-in home." But have you ever wondered what it means and why it might be worth considering?
What is a quick move-in home?
Essentially, a quick move-in home is a new house that's ready for immediate occupancy. That means no waiting around for construction to finish or dealing with any delays. The best part is you can still customize and personalize the home to your liking without worrying about the stress and hassle of building from scratch. So, if you're eager to start enjoying your dream home as soon as possible, a quick move-in option might be the way to go.
That said, a custom-built dwelling does come with a few benefits a quick move-in home doesn’t. It’s tempting to jump into a pre-existing home, but you do sacrifice the chance to create your dream space from scratch. New construction grants you full control over every detail, allowing you to bring your ultimate vision to life. However, there are plenty of benefits to quick move-in homes.
Benefits of a Quick Move-In Home
You not only avoid the waiting game with construction, but you'll also have a chance to check out finished spaces and avoid the stress of making all the design decisions yourself.
Quick Move-In Home Benefits
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Quick move-in home timing
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Quick move-in homes and mortgage rates
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Quick move-in homes and budget
1. Quick Move-In Home Timing
Welcome to the world of quick move-in homes, where the clock ticks faster. With a swift signing process and speedy finishing touches, you’ll be nestled in your dream home within just a month or two. No more waiting on builders to battle the weather and supply chain schedules; you get to hit the fast-forward button on your hassle-free home-buying experience.
2. Quick Move-In Homes and Mortgage Rates
The second perk of snagging a quick move-in home is the impact it can have on planning your finances, specifically your mortgage rate.
The home-buying process can be full of surprises, especially when securing a loan. With traditional new construction methods, the loan process often begins as your home nears completion, which can take 3–6 months after you initially sign the contract. During that time, mortgage rates can fluctuate, potentially increasing the overall cost of your loan and sticking you with higher monthly payments. There are ways to protect yourself, including a rate lock that requires money up front; otherwise, you may be at the mercy of whatever current mortgage rates are available.
With a quick move-in home, you don't have to wait months to close the deal. You can accurately plan your budget because you know your mortgage rate before you even sign the contract.
Let's highlight this benefit with a hypothetical example:
|
Home Type |
To Be Built |
Quick Move-In |
|
Purchase Price |
$400,000 |
$400,000 |
|
Loan Amount |
$320,000 |
$320,000 |
|
Interest Rate (at purchase/at close) |
4%/6% |
6%/6% |
|
Principal and Interest Monthly Payment (est at purchase/at close) |
$1,528/$1,919 |
$1,919/$1,919 |
In this instance, if you were building a home, you might have started the process thinking your monthly payments would be around $1,500, but with the changing interest rates, that number went up by over $400. With a quick move-in home, you aren’t caught off guard on your ultimate monthly payment.
Since interest rates fluctuate constantly, quick move-in homes give you a realistic view of mortgage rates, making budgeting your loan payments much easier.
3. Quick Move-In Homes and Budget
Speaking of budgeting, you get the convenience of settling in faster with a quick move-in home, and it can also be a real money-saver. By snagging a quick move-in home, you're simplifying the process in the present and reducing expenses in the long run.
Not only do you skip a potentially lengthy construction process, but you get a much more accurate picture of what your monthly mortgage payments will look like. It's like trying on clothes before you buy them; you know exactly what you're getting.
The Defined Purchase Price of a Quick Move-In Home
With a quick move-in option, you can avoid the hidden costs and surprise fees of buying a new construction home. Instead of worrying about the varying costs of lots and options, you’ll enjoy the security of a defined purchase price. The price you see is likely the price you'll pay.
Quick Move-In Home Potential Incentives
As a savvy homebuyer, you may also snag the first-time incentives and savings that come with a quick move-in home. Whether it be a lump sum amount or offers to improve your mortgage rate, these incentives could be very beneficial to your pocketbook.
Think of a quick move-in home as a shortcut to the front of the line. Pulte Homes offers stunning quick move-in homes across the nation. Explore our quick move-in homes today!
For more design tips, local attraction guides, and homeowner lifestyle articles, check out the Pulte Homes blog for inspiration.