Buying a new construction home can be an excellent investment! Homes are built with eco-friendly features, you won’t have to spend on significant repairs, and you can customize them to your liking. However, buying a new construction home is not as simple as just having a custom home built to your specifications – here’s what you should know before you start the process.
Research Reputable New Construction Home Builders
Finding a reputable new construction home builder is vital! Luckily, a professional real estate agent can help you research the most trusted builders in your area and collect references. What’s more important, your real estate agent will gather all the essential information like how much the home’s cost, your customization options, types of builder insurance, home warranty packages, and how long the build will take. This makes it easy to compare new construction home builders and find one that’s best for you. Once you’ve narrowed it down, your real estate agent will help you tour the different neighbourhoods where you can see model homes and the community’s overall feel.
Make Sure You Factor in the Timing Before Buying New Construction
Keep in mind that building a new construction home often takes eight to ten months. Thus, your timeline might affect your options based on how fast you need to move. But, if you have the time and your builder only needs a small deposit upfront, you could even continue saving money while you wait for your new construction home. Since all builders have different payment options, your real estate agent can help you find the best payment options for you. Plus, if you need to move quickly, your real estate agent can help you find new construction homes that are further along in the building process or quick-close new construction homes that are move-in ready.
Model Homes Don’t Typically Reflect Base Sales Prices
When looking for new construction homes, it’s a great idea to take a tour of a model home. However, keep in mind that the point of a model home is to act as a showroom and demonstrate how customizable the house is by enabling you to experience its full design potential.
So it’s crucial to keep in mind that what you see isn’t what you get – unless you’re willing to pay extra. Fortunately, buying new construction usually allows you to be very flexible with the design options you want to include. Plus, adding premium features and finishes to your new construction home can actually increase its value. Of course, your real estate agent can always guide you in the upgrade process, so you’re sure to see the most return on investment.
Repairs and Maintenance Will Cost Less With a New Construction Home
Buying new construction has the added benefit of peace of mind. You won’t have to worry about how old the roof is or if you need to replace the furnace. When you purchase a new build, everything should be brand new and in excellent working condition. So, any minor repairs or necessary maintenance will likely cost less. Furthermore, when purchasing a new development the property is subject to a new home warranty of one to five years, and you will be entitled to certain promotions, and incentives like reimbursements. Your real-estate agent will make sure you take full advantage of all the incentives offered to you!
It’s Still a Good Idea to Conduct a Home Inspection
Although your new-construction home should be built to code, mistakes can happen. It’s always a good idea to have a licensed professional inspect any home before purchase. Even though the building company is responsible for handling city inspections and usually has its own third-party quality control company, it does not replace a licensed inspector. Your inspector should perform an inspection before the drywall covers up any mistakes, as well as a final inspection to check all the finishes and mechanicals. If there are any issues, the inspector will include them in their report, and your real estate agent can help you bring your concerns to the builder and negotiate a solution. Giancarlo and his team can help guide you through the process of buying a new construction home from start to finish! They will make sure every detail is taken care of, so the process is straight-forward and enjoyable. Whether you’re a first-time homebuyer or a repeat buyer/seller, Giancarlo and his team will exceed your expectations. So don’t hesitate to contact him today at 438-364-0904 or info@carangelomgmnt.com.