New construction homes have become a popular option for homebuyers lately. If you’re thinking of going this route, you’re in luck. We’ve helped a lot of homebuyers through the new build process, and we’re here to share our best tips with you. Before you decide on the home you want to buy, you need to decide what you want in the home. You can do this by asking questions like:
- Do you want full customization of the home?
- Does the resale value matter to you?
- Do you have time to wait for a build or do you want something that’s move-in ready?
- Do you want to live in a brand-new neighborhood or one that’s more established?
- What kind of energy efficient features do you want in your home?
- What is your time frame like?
By answering these questions, you will have a much better idea of what you are looking for. The next step is to hire an experienced agent who has knowledge about new construction homes. They will be able to walk you through the process, answer any questions, and help you avoid any pitfalls. The builder’s agent won’t do this because they’re working for the builder, not for you.
There are a number of different steps when building a new home and they start as soon as you break ground. Understanding the process in its entirety before signing a contract is ideal. You also want to get with a local mortgage lender to discuss the loan process for new construction homes. It’s not the same process as with resale homes, although some people get that impression. Having a good agent and a good lender who can work together should be able to help you steer clear of most pitfalls.
Before deciding on what you want in your new home, you need to decide who is going to build it. There are dozens of local builders, so we recommend doing your research on them beforehand. Check out some of their previous work, reach out to homeowners who live in these types of homes, and make sure you know exactly what you’re getting. You want your agent to help you negotiate the best price, best terms, and best features possible for your new home.
A lot of people have asked me if they really need a home inspection with a brand-new home. The answer is yes. I’ve seen brand-new homes have more problems in their inspections than homes that were 15 or 20 years old. It’s always smart to have an inspection done before taking possession of the home to make sure everything is built to your liking. Don’t skip the final walkthrough, it’s your last chance to make sure everything is perfect.
If you have any other questions for us about buying or building a new home, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.