Are you considering buying a new home in the charming city of Scranton, Pennsylvania? This vibrant city, boasting a booming population, charming neighborhoods, and historic homes, might be the perfect place to call home. Whether you love the sleek looks of modern homes or cozy homes with character, Scranton has something to offer everyone.
Excited to buy a home in Scranton’s vibrant, alluring neighborhoods? I’m here to make the process seamless. Reach out today.
Why Scranton is Attracting New Homebuyers
Scranton is attracting new homebuyers every year, and while its influx in population isn’t exponential, it’s still growing. Scranton’s current metro area population grew from 2022 to 2023 and is now home to around 375,000 residents.
This growth stems from a handful of reasons. For example, the city has much to offer in terms of scenic beauty and recreational activities. Whether it’s a cold, rainy fall day perfect for sipping coffee in a quaint cafe or a balmy spring day ideal for a stroll in the park, Scranton has something to offer everyone.
On top of that, Scranton’s population growth has opened the door to more economic growth as people flock to its soil. Ample employment opportunities and room for job growth provide an enticing combination for people at various stages of their lives, whether they’re young professionals starting their careers or seasoned experts with a few years before retirement.
The abundant assortment of community amenities, from walking and jogging trails to beautiful parks, further adds to the appeal. The overall quality of life can be exceptional here, regardless of whether you want a cozy place to raise a family or a quiet home to enjoy retirement.
Types of New Homes Available in Scranton
The homes dotting Scranton’s streets span a diverse range of architectural styles. Some are newer, boasting sleek, modern aesthetics with crisp lines and minimalistic themes. Others feature comforting design trends of years gone by, with cozy interiors and welcoming faces.
In addition, Scranton is home to a diverse array of beautiful, old architectural styles. Many of these buildings are considered historical landmarks and are used for commercial purposes, featuring Late Victorian, Art Deco, and Classic Revival styles.
However, various homes boast similar styles of years gone by, remaining a testament to the architecture of the last century. Scranton has something to offer, whether you’re looking for a spiffy modern home or one built in the early to mid-1900s with plenty of character.
The Buying Process for New Homes
Buying an older home that has seen many seasons can be an excellent option. However, if you prefer the sharp, clean looks of modern homes, you might opt for new construction. When you go this route, you can expect a few things from the process.
For most home buyers, the first step is to get pre-approved. This step helps you understand what the lender is willing to offer you based on factors specific to you, including your credit, income, employment, and assets. Once you receive pre-approval from at least one lender, you can move forward with your home-buying venture.
Next, you should find a licensed real estate agent with ample local knowledge and experience with new construction. Your agent can help represent your interests and guide you through the process, from negotiations on financial details to assistance with timelines and contractual topics.
Think about what neighborhood you would like to live in. Your realtor’s input can be particularly handy during this step, as they have an in-depth understanding of the offerings in your area. Once you find the perfect neighborhood, start researching home builders. Look through customer reviews, Better Business Bureau ratings, and their service offerings.
After choosing a home builder to handle your project, you and your realtor will handle negotiations and review your options. Generally, you can choose from a few tiers: custom, semi-custom, and production. Custom homes are often the most expensive and take the longest, while production homes have limited customization options but wrap up faster, and semi-custom homes are a mix of the two.
Once you settle on a final sale price and the construction process begins and wraps up, a few simple steps separate you from your goal. In the final steps, inspections and similar closing processes will take place. When these are complete, it’s time for the most exciting part – moving into your new home!
Neighborhoods to Watch
Scranton is home to a diverse array of neighborhoods, each with something different to offer. For example, the West Side neighborhood is close to an array of schools, businesses, and recreational activities, making it a good option for those who enjoy being close to the action without residing in the heart of it all.
Downtown Scranton is perfect for those who like to keep their fingers on the pulse, as it’s nestled in the bustling city center, which is teeming with trendy eateries and historic landmarks. The Hill Section neighborhood is ideal for history buffs, as it’s home to multiple historic homes and mansions flanked by beautiful, tree-lined streets.
The Pros and Cons of Buying New vs. Resale Homes
When considering homes in Scranton, PA, you’ll need to weigh your preferences, lifestyle, and budget. You can buy a new house or purchase a resale home, but since each has pros and cons, you’ll need to do some thinking.
For example, suppose you want a forever home uniquely tailored to your needs, complete with modern conveniences and specific customizations. Buying a new custom or semi-custom home can be the perfect avenue if you don’t mind paying more and waiting longer to move in.
In contrast, maybe you want a move-in ready home with a quaint character reminiscent of years gone by. You might have a tighter budget and need to move in quickly. In this case, a resale home might be the perfect fit.
Ultimately, the best option for your needs will vary based on factors specific to you. If you’re unsure what might be the ideal option for you, talk to your real estate agent. They can help you understand the merits of each option, which may help you select the best-suited option.
Scranton, PA, is an excellent location for prospective homebuyers to put down roots, whether you’re a young professional excited to embark on your career or a senior citizen searching for the perfect place to enjoy your retirement years. With its growing population, diverse range of architectural styles, and abundance of community amenities, Scranton has something to offer everyone.
Whether you prefer the modern conveniences of a new construction or the charming allure of an older resale home, a knowledgeable real estate agent is a valuable resource in the home-buying process. They can help you find the perfect fit and take steps toward moving into your dream home!
Ready to find the perfect place to call home in Scranton? I’m here to help! Contact me today to get started!