New Construction Homes & Design in Jim Thorpe Pennsylvania
Jim Thorpe offers a great number of choices for buyers of new construction homes. Situated in northeastern Pennsylvania, Jim Thorpe is nearby to many beautiful rivers and lakes for outdoor activities and fun. Also, the town has easy access to the Lehigh Valley and the cosmopolitan areas of New York and Philadelphia.
Jim Thorpe has grown steadily as people from the Lehigh Valley relocate from overbuilt cities and more people flee from the overcrowded regions along the eastern seaboard. This emigration has put pressure the availability of existing homes but it has led to a golden opportunity for the creation of new construction homes. For someone considering building a new dream home in an convenient, scenic locale with easy access to two major cities, Jim Thorpe may be the perfect town.
Good News for Home Buyers in Jim Thorpe
The financial news has been filled with gloom and doom projections that mortgage rates will rise with the increasing economic growth and incremental Federal Reserve tightening of the money supply. Raising the 30 year treasury has put some upward pressure on rates but that’s only part of the story.
The more important effect of economic expansion is an easing of lending policy for mortgages. Since the housing bust of 2008-9, banks have restricted their lending. The only new home buyers who seemed to qualify were those who didn’t even need a loan. This outlook is changing for those who seek to participate in the housing market.
Finally, the current reductions federal regulations coupled is fuel to the economy and to housing in particular. The current administration plans on easing of other burdensome rule making which promises a bright future for everyone, including builders of new construction homes and prospective home buyers.
Other Planning Considerations of a New Home in Jim Thorpe
Knowing the Financials of a New Home
Build on Your Dream Lot in Jim Thorpe
If you own an existing building lot in Jim Thorpe, then this choice is already made. But if you do not yet own land, this is the first real decision you will make about a new house. Your housing contractor may have lots available or know which are the best lots in Jim Thorpe that meet your desires and finances. Research local real estate listings for more information and current pricing. It is wise to consult with several local real estate agents until you find exactly what you are looking for.
If your dream is a house on the edge of town with lots of privacy, you can find it in Jim Thorpe. On the other hand, if you have a young growing family you may wish to live in a community development close to other young families with children. Many developments have their own community recreational facilities. Many developments are gated for security if that is a major concern. HOA dues often include trash and snow removal which are charged as a portion of annual home owner dues. Make sure these additional costs are reasonable for the provided services.
Your contractor should be familiar with local building codes. Also, many housing developments have additional deed restrictions on the location or size of house you may build on your land. Deed codicils could dictate where you can park vehicles, types of trash containers, burning, construction of decks or pools and a number additional conditions. This is important information that should be investigated when shopping for new construction. We will be a valuable source on these details and could save you many headaches or expensive mistakes.
Taxing Concerns
Construction cost is only one cost to consider when building a new home. Regional property taxes are an important consideration. It is often the reason that new residents chose to come to Jim Thorpe from the Lehigh Valley, New Jersey, and New York. Jim Thorpe’s tax rates are considerably lower than the more expensive counties for property taxes in PA. Lower annual property taxes can make building that dream house possible in Jim Thorpe rather than elsewhere while still keeping future property tax costs within your budget.
From the beginning, our owner/consultant Tyler will work hand in hand with you during the new home designing and construction project so you can be assured you will enjoy your new home with no worries.
Call 610-951-4444 for a Free Consultation on Your New Jim Thorpe Dream Home