New construction homes have many benefits that aren’t available when buying resale properties. Among these are lower maintenance costs, the ability to select certain customizations and the assurance that the house was built according to modern-day codes and energy requirements. However, the process of purchasing a new construction home can be complicated and confusing. It’s important to understand how the process works so that you can be an active participant in making decisions about your future home.
One of the first things to consider is hiring a real estate agent who has experience working with new construction homes. Having someone on your side who can communicate with the builder directly and explain how the whole process works will help ensure that your best interests are being protected. This is especially true when it comes to negotiations. Builders often have their own agents and preferred lenders on site and will suggest that you work with them. While they may offer incentive money or a lower interest rate, it’s always best to shop around and find the best lender for your particular situation.
In addition to finding an agent with experience in new construction, you’ll also want to do your research on builders in the area. Look for testimonials and reviews online, and interview builders to get a sense of their quality and style. It’s also a good idea to visit a few neighborhoods where builders are building and take a drive by the houses. This will give you a sense of the neighborhood and the homes themselves, and you’ll be able to see how the builders have been working with their customers.
Another thing to keep in mind when shopping for a new construction house is that the price listed on the sales contract will not be the final cost. There are often numerous upgrades and additional fees that will increase the overall price of the home. This is why it’s a good idea to come up with a budget and stick to it as you tour the different models. It will also help you determine what is truly a necessity versus an optional upgrade.
When comparing new construction to existing homes, remember that older houses tend to have higher utility bills due to outdated appliances and lack of insulation. Additionally, resale homes can have issues that were not properly addressed by previous owners, such as unpermitted additions or renovations.
While buying a new construction house can seem daunting, it is a great option for buyers who are looking for a turnkey property and want to avoid the hassle of having to renovate. If you’re interested in exploring this option, we can help! Our team is knowledgeable about the new construction process and will walk you through every step, from touring communities to closing on your dream home. Contact us today to get started!