Buy New to Avoid Used Market MayhemJuly 21, 2021

Since 1954, Mungo Homes has focused on making the home-building and buying process simpler for people throughout South Carolina, North Carolina and Georgia. We know the benefits of buying a new-construction home are practically endless—but now, when used homes are flying off the real estate market in record time and for record prices, buying from a builder is even more lucrative. See why you should consider new construction for your next home, and why Mungo Homes should be the top choice for a builder.  

Buying new means fewer surprise costs 

When you buy a new-construction home from Mungo Homes, our team will go over all numbers and figures with buyers when contracts are signed—so there are no surprises. Additionally, your mortgage lender will help you know what to expect in terms of closing costs, property taxes and more. Your home will be built with the highest quality of materials and finishes you selected early on in the building process, meaning it will be move-in ready on the day of closing. 

Buying a used home in today’s market is competitive, and many buyers are forgoing inspections to beat out other offers. But skipping out on inspections means you won’t know about costly replacements, renovations or upgrades that are needed until after you’ve signed on the dotted line. While some homeowners luck out during this process, others are faced with foundation issues, electrical or plumbing replacements, roof repairs and more—costing them thousands of dollars after purchase. Even if there are no major structural issues with a used home, updating the interiors and exteriors to match your taste can also be expensive. 

Your Mungo home will be built to today’s standards in the industry, both structurally and aesthetically. New homes come with less overall maintenance, higher energy efficiency and a much smaller chance of costly repairs. Every home built by Mungo Homes also comes with a superior warranty to cover any structural, electrical, plumbing and HVAC components—offering further peace of mind. 

Additionally, our construction process allows homeowners to select the floor plan, color palette, features and finishes they want—ensuring the home will fit your vision and preferences on move-in day. 

Family-run business with real buying power 

Mungo Homes has been building high-quality homes and desirable new-construction communities throughout the Southeast since 1954. During our long history, the national economy has experienced recessions, downturns and growth—all causing major changes to the housing industry. While many national and local builders haven’t been able to survive shifts in the market, we’ve not only weathered the storm, but also managed to grow and expand our offerings during the toughest of times. 

Mungo Homes became part of the Berkshire Hathaway family of companies in 2018, adding huge financial backing and buying power to a family-run business. This has helped us continue to secure more land, develop more communities and build more homes over the past year and a half. Mungo Homes will continue to construct homes for buyers at every price range, as we have since our founding. 

New-construction inventory is in progress 

The number of used homes on the market continues to dwindle, but Mungo Homes has some existing inventory to sell and new inventory on the horizon. So if you’re struggling to find a home that meets your needs now, there will be even more options available in the future. 

Avoid the mayhem of the used home market by working with a builder who has your best interests in mind. With a transparent process, timeline and pricing, you’ll know exactly what you’re getting when you buy new-construction from Mungo Homes. To get started on your journey to a new home, contact our team via online form or call the regional number in the area you want to live in.