There’s a lot to love about buying a new construction house. These homes typically offer a fresh start, the latest in home technology and appliances, and the peace of mind that comes with knowing that the house is new and has not been through many repairs or renovations. But, it’s important to know what you’re getting into before deciding on a builder and starting the building process.

If you decide to buy a new construction house, it’s always wise to hire a real estate agent who has experience working with buyers of these types of properties. While the on-site agent who meets you at a builder’s office works for the builder, your own buyer’s agent can help protect your interests throughout the process. A good real estate agent will investigate builders, look up their reputation, and learn about the builds that have been completed in your neighborhood or area to help you determine if a particular builder is right for you.

During the design phase, the right real estate agent can help you find a floor plan that fits your lifestyle, and provide counsel on which upgrades are worth the investment. It’s important to understand what’s included in the base price and what is an upgrade, as the distinction can significantly impact your homebuying budget.

In addition to helping you navigate the design process, your real estate agent can advise you on mortgage lenders with experience in new construction loans. Since it takes longer to close on a new construction home than an existing one, finding the right lender is critical. In some cases, you may be able to finance the entire cost of your new construction home with a traditional mortgage, in other instances you may need a bridge loan that carries you through the period between when you sell your current home and when the new construction is complete.

When you purchase a new construction home, it’s typical for the builder to include a warranty for the house and major systems. This provides additional comfort and peace of mind in the event of any issues that need to be addressed in the first year or so after move-in.

When purchasing a new construction house, it’s also important to consider the potential for a homeowner’s association (HOA). HOA fees can add up quickly, and can affect your ability to modify or update your home. Additionally, HOAs can regulate a range of things including landscaping, exterior paint colors and home improvement projects. If the community has an HOA, you’ll want to learn more about the history of the association and what the expectations are for home ownership. The bottom line is that there’s a lot to love about buying new construction, but it’s crucial to take the time to research builders and the communities in which they’re located. With the help of a trusted and experienced real estate professional, you can make an informed decision that will be in your best interest for years to come.