Trisha and Dennis Rawlings, a couple in their early 30s, are moving to suburban Chicago and leaving their over-60-year-old first home in the St. Louis area behind.
"We were looking at potentially buying a house," Trisha says. But in the area where they want to live, the options within their budget were limited to purchasing an older home or building a new one.
The couple loved the features of a modern, new-construction neighborhood with a pool, a clubhouse and excellent walkability. And taking out a construction loan and building a house means they'll avoid the ongoing maintenance that comes with an older home.
With the supply of existing homes available...