April is new homes month. And while the benefits of new homes are typically thought of in terms of the house itself, neighborhoods of new homes are typically preferred by homeowners.
Data from the 2009 American Housing Survey (AHS) offer proof. The AHS classifies new construction as homes no more than four years old.
When asked to rank their neighborhood on a scale of 1 to 10, homeowners generally had a favorable view of their homes’ surroundings. But owners of newly constructed homes ranked their neighborhoods higher than the scores given by all homeowners.
More than 90% of owners of newly constructed homes ranked their neighborhoods as either a 9 or a 10. Only 65% of all homeowners gave the same scores.
And these rankings of neighborhoods are on top of homeowners rankings of their own homes. 68% of owners of new construction ranked their own home as a 9 or a 10. For all homeowners, the comparable score was significantly lower: 51%.
So in terms of quality of homes and neighborhood, new construction offers significant advantages.