Buying a new construction home may seem like the perfect solution to all of your home buying worries. You know that the home is new, so there won’t be any hidden problems like termites or mold that could come back to haunt you; you can pick out every detail of the home from the number of rooms to the color of the countertops; and you can pick the size of your lot.
However, while these are great things that come with buying a new construction home, it may not be as straight-forward as it first appears. So here are some good tips to follow when buying a new home.
1. Do Your Research
When it comes to buying a new construction home, you’re going to want to do the same research you would in searching for an existing home and then some. First, you need to decide on your location and budget. What’s on your wish list? How many rooms do you need?
Once you know what kind of home you want, the you’re going to need to start searching for reputable builders in your area. Don’t just pick the first builder you come across; do your homework. Find out if they have a good reputation and whether or not they specialize in the kind of home you’re looking for.
2. Stick to Your Budget
Once you’ve decided how much you’re willing to spend on a new construction home, be strict with yourself and that budget. It may be tempting to go with every upgrade you’re shown, but you have to be realistic.
And just like with existing homes, you may not be able to afford everything that’s on your wishlist. That’s why it’s important to divide your wish list up into needs vs. wants. That way you can easily decide what your priorities are and help yourself resist temptation when those upgrades come along.
3. Get It in Writing
This is always a good idea, but especially when it comes to buying a new construction home. Builders may off-hand mention something that they’re going to do or throw in, but unless it’s in that final contract, don’t trust that it’s going to get done.
Once it’s all in writing, read over your contract! I know it can be a lot, but you’ll definitely be glad you did, and it will give you the peace of mind that your expectations will be met. And feel free to ask questions! It’s never a bad thing to ask for clarification.
4. Get Your Home Inspected
It’s always a good idea to hire a third-party inspector to make sure your new home is up to snuff. You don’t want to be surprised by shoddy construction. Most building companies will be happy to comply with your inspector and make any necessary fixes.
5. Hire an Experienced Real Estate Agent
One of the best things you can do to make your new home construction process as hassle-free as possible is to hire an experience real estate agent. We have experience working with builders, and we can recommend reputable companies. As such, we know what to look for: we can advise you as to what upgrades are essential and what you can pass up.
When it comes to the contract, we know what’s fair and we know the questions to ask. We can negotiate on your behalf and ensure you get the best deal on your dream home.