Depending on your location within Middle Tennessee, you may find that homes under construction are easier to find than existing homes. Certain areas are so desirable that there simply isn’t enough real estate to go around without new homes being built.              

If this is part of the decision you’re facing as you purchase your next (or first) home, let’s break down some pros and cons of buying a home under construction.

Financial Considerations

Mortgage interest rates are higher than you might prefer, especially when compared to the roughly 3% national average rate we enjoyed in 2020. Rising interest rates have made it somewhat easier for buyers to bid competitively for existing homes, but they have also resulted in higher monthly