Thinking About Buying a New-Construction Home? These Are The Things To Look Out For In The Process!
There are a lot of Buyers that prefer new-construction homes, thinking that they will be in better condition (and be a better long-term investment) than existing homes.
And while that certainly can be true, there are also things Buyers need to be aware of when shopping new builds.
A recent article from realtor.com outlined the essential elements that should be on your radar when shopping for a new-construction home, including:
Build quality and cost. Not all new-construction homes are created equal—and some are higher quality than others. Before you purchase new construction, make sure you understand the quality of homes that are being built by the area Builders. Quality and cost are often not easy to value. Ask your real estate professional for insights and assistance in this area. Ask to review the home’s architectural plans to check for any issues and get insights on the materials used to build the home.
Builder reputation. Before you buy a home, you want to make sure you are buying from a reputable Builder—so do your research and find out everything you can about the Builder and their reputation in your area.
Upgrade and design options. Many Builders offer Buyers the option to customize different features in the house (like countertops, flooring, and fixtures). Before you commit to building a new build, make sure you understand the features that come standard with the home, the different design and customization options, and how much it will cost to upgrade.
MUDs, PIDs, Special Builder Provisions. Many communities are subject to MUDs, PIDs, and HOA considerations that may or may not be discussed in typical initial Buyer-Builder interactions. Ask your real estate professional for insights and assistance in this area.
Bottom line? Buying a new-construction home can be a great choice for your next home purchase—as long as you know what to look for during the home buying process.