New Homes in Los Angeles for Sale
Search all new homes for sale in Los Angeles. Keep in mind, Los Angeles is a well-developed real estate market. New houses for sale comprise about 3% of the available housing stock.
In fact, construction of new homes in Los Angeles has – for decades – fallen behind the pace of the city’s population growth. Even with an increase of new homes coming on the market, there is still upward pressure on housing prices. Many new construction homes today sit where older homes once stood, but have since been razed and replaced. Be sure to register for a free account so that you can receive email alerts whenever Los Angeles new construction listings come on the market.
L.A. New Home Info
New condo buildings feature plenty of amenities that will appeal to folks who love an urban lifestyle. For example, many include fitness rooms with modern workout equipment which really comes in handy (and saves money compared to joining a gym). Swimming pools are also common because they never go out of style.
Some luxury condos buildings have on-site concierges. Regardless of price point, you can expect gated parking and security cameras.
Many new condos are built in core commercial districts such as Downtown Los Angeles (plenty of new condos and lofts there) and Hollywood. If you find a unit you like in one of these two areas that have a rooftop deck, you'll get to unparalleled views of city lights. The vibe is unmistakably metropolitan.
New Single-Family Homes
If you buy a new home in Los Angeles, you’ll get a house built with state of the art materials and includes modern appliances. What’s more, the home will be compliant with earthquake codes. It may even include drought-resistant landscaping. What’s not to like? As part of your home search, keep in mind that some extensively remodeled homes will also get listed as new in the regional MLS. Honestly, this is fair if someone has truly gutted a home down to the studs, rehabbed it, and spruced up the yard.
New Home Features
You can expect new luxury homes to have a gourmet chef’s kitchen with stone countertops (marble, quartz, etc.) High-end appliance brands like Miele, Subzero, and Wolf are popular. Regardless of make and model, stainless steel is the finish of choice for most home buyers.
New homes are more spacious than dwellings of yore.
Spa-like bathrooms come appointed with stone and concrete countertops. Tile and porcelain for the tub and shower areas are materials du jour.
Garages tend to be bigger in new homes, some with three doors. People simply have more stuff than they did when homes in the 50s or 60s were built. The extra storage space comes in handy.
Today's bedrooms also have more closets and cubbies to store all the things we tend to accumulate over the years.
Robust Electrical Systems
New homes in Los Angeles will have more robust electrical systems and fuse boxes that can support higher loads. Why does that matter? Well, if you’re thinking of buying an older home and installing a new HVAC system, the home’s older electrical system may be able to handle the increased load.
New homes also have more electrical outlets which are especially important if you plan on working from a home office with a printer, computer, monitor (especially dual monitors), and wireless router.
The Latest Technology
Today’s fully-wired homes take advantage of smart home technology and connectivity. Some even have built-in Wi-Fi boosters.
Smart appliances make life easier, and avid cooks love features like remotely programmable timers and injectable digital thermometers. How about a fridge that reminds you to pick up more milk on the way home from work?
Larger homes often come with theatre rooms that have built-in speakers. What’s more, the whole home may be wired for sound.
Garages with electric vehicle charging stations are growing in number, a trend that is expected to continue.
Benefits of Buying a New Home
New homes have better insulation than older homes. In fact, some older homes have little or no insulation at all! Did you know Los Angeles is six degrees warmer on average than it was at the turn of the 20th century? While air conditioning may not have been critical in the past, having it certainly makes living in L.A. much more bearable now.
But running an HVAC system year round is not free. Newer energy efficient heating and cooling systems help save homeowners some dough, not to mention they make them more comfortable.
Keep an eye out for other accouterments that help reduce energy costs like solar-powered electrical systems, recessed LED lighting, tank-less high-efficiency water heaters, and high-performance windows.
Major systems (HVAC, plumbing, electric) are far less likely to need immediate repairs. You can expect new home appliances to carry a manufacturer's warranty, too.
A pre-purchase home inspection on an older home may reveal flaws that must first be fixed before a lender will underwrite a loan to finance it. Conversely, new homes are move-in ready. Buyers don't have to wait for a previous owner to make repairs, thus adding the wait time to complete a sale. (Though, an inspection is still required to ensure that the builder completed the construction.)
Most new homes in L.A. are found in established neighborhoods with mature shade-trees, local parks, and nearby shops. In many parts of the United States, new construction takes place in brand new developments or subdivisions. In that situation, home buyers try to try to predict the future character of the neighborhood and how it might impact their home's value. That guesswork is not needed here; neighborhoods in L.A. have been around a long time; there are fewer unknowns.
Character & Competition
Let's face it; new homes won’t cut it if you love the look and feel of a Bungalow, Craftsman, or Mid-Century Modern home. Older homes have certain stylistic charms and buyers get to own a piece of architectural history.
When a beautiful and well-maintained older home is put on the market, the competition to buy it can be swift and fierce. What's more, a one-of-a-kind architectural gem (say, a home designed by a renowned architect) receives tons of attention and sometimes bidding wars among buyers breaks out. Scarcity has a funny way of driving up prices.
Home Value Fluctuation
New homes take the hardest price hit and depreciation in declining housing markets. That's because newly-built houses typically sell a 20% premium to older homes. So, when housing markets get soft, the markup that paid at the time of purchase erodes rather quickly. Older homes may decline, too, but not at the same velocity nor as deeply.
What About Remodeling?
Why not remodel an older home? Unless you are a licensed contractor with tons of experience (and conduct the rehab work yourself), this is a riskier financial bet. Homeowners rarely recoup 100 percent of the cost of improvements. In fact, some upgrades or repairs only recapture fifty percent of their outlay. Remodeling is mostly a way to improve a property’s livability and aesthetic appeal than a way to make money.
New Home REALTORS®
Working with a Realtor to buy a new construction home in Los Angeles costs you nothing. The home builder or listing agent pays the commission to the buyer's agent, the person who represents you. There’s no out-of-pocket expense to you. Many builders have in-house salespeople (agents), but your best interests are served by bringing an agent to the table, someone who is looking out for you. An experienced buyer's agent is prepared ask the right questions of the builder, bringing more transparency to the deal. What's more, having representation makes negotiation less personal. Your agent serves as a protective barrier when deal concessions or differing opinions of a fair market price get sorted out.