8 New Construction Home Buying Tips to Keep in Mind
July 22, 2022
Resource – Har.com: Are you in the market for a new home? If so, you’ll want to keep these five new construction home buying tips in mind! Buying a brand-new home can be a great experience, but it’s important to be prepared for what’s ahead. These tips will help make the process smoother and less stressful. Let’s get started!
Tip #01: Weigh the Pros and Cons
Before making any decisions, it’s important to sit down and weigh the pros and cons of buying a new construction home. Some of the pros may include things like having a home that’s brand new and never been lived in before. You’ll also have the opportunity to select your own finishes and upgrades. On the flip side, some of the cons may include things like a longer home buying process and potential construction delays.
Tip #02: Get your own agent and lender
While the builder’s sales team may be helpful, it’s important to have your own buyer’s agent working on your behalf. They can help you negotiate with the builder and make sure you’re getting the best possible deal. You’ll also want to get your own loan pre-approval from a lender. This will give you more negotiating power with the builder.
Tip #03: Research the Builder and Neighborhood
Before signing on the dotted line, be sure to do your homework on both the builder and the neighborhood. Look for online reviews and check out the builders past projects. You’ll also want to drive by the construction site and take a look around the neighborhood to get a feel for things.
Tip #04: Be aware of new construction timing
If you’re buying a home that’s already under construction, it’s important to be aware of the timeline. There may be delays due to weather or other unforeseen circumstances. It’s important to be patient and flexible with your move-in date.
Tip #05: Don’t expect price reductions
Unlike in the resale market, builders are typically not willing to negotiate on price. They often have a set price for their homes, and they stick to it. So, don’t expect to get a discount just because you’re buying a new home.
Tip #06: Keep resale value in mind when selecting upgrades
If you’re planning on selling your home down the road, you’ll want to keep resale value in mind when selecting upgrades. Some upgrades, like a swimming pool, may not add much value to your home. But others, like energy-efficient appliances, can help you recoup some of the cost when you sell.
Tip #07: Pick a great lot
When buying a new construction home, you’ll often have the opportunity to pick your own lot. Be sure to choose a lot that’s situated in a desirable location. Things like a good school district, low crime rate, and proximity to amenities are all things to keep in mind.
Tip #08: Perform A Home Inspection
Just because your home is brand new doesn’t mean it’s perfect. Be sure to have a professional home inspector take a look at things before you finalize your purchase. This will help ensure that there are no hidden problems with your home.
There you have it! These are just a few new construction home buying tips to keep in mind as you begin your search. With these tips in mind, you’ll be well on your way to finding your dream home.
Hello! I’m Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!
Hello! I’m Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!
Hello! I'm Jay Thomas,
