Is building a new construction home something you’re considering? With inventory still low, more and more people have been considering buying new construction. Building a home can be a bit daunting, but that is where I come in! If this is something you’re interested in, I’ve put together a list of things to consider before signing on the dotted line.
New Construction Home Buying DO’S:
- Hire a buyer’s agent.
Builder sales agents are extremely friendly and knowledgeable about the homes and models. However, as nice as the sales reps may seem to you, they represent the builder. Their job is to get the best price for the builder and meet sales quotas. It is not their job to look out for your best interests. It is so important that you have your own representation. - Research your preferred builders.
It is equally as important to research home builders to find one you trust. Not every builder is created equal! A few things to consider are how many years they’ve been in business, what their warranty looks like, and what their standard features are. Always remember to read their reviews online as well. - Always get a home inspection!
No home is perfect, not even new ones. It’s important to have an inspection done to check for warped floors, joists weakened by improperly installed ductwork, leaky plumbing, bad wiring, drainage problems around the foundation, improperly installed appliances, and poor seals around vents (just to name a few).
New Construction Home Buying DON’TS:
- Don’t go overboard on upgrades.
No matter how long you plan on living in a home, it is important to take resale value into consideration. There are some upgrades that make “resale” sense and some that don’t. There are also many things that can cost less if you do them later. - Don’t forget the details.
All houses are not built the same, and they don’t come with the same features. Be sure to ask your builder exactly what is included in the price. Don’t get hypnotized by the gorgeous model home — they are always upgraded significantly.
Visiting New Construction Homes
Convincingly, the builder’s representative will want everyone to fill out a registration form when you visit, or even online when you set an appointment. On this form is your personal information, including how you got to know about their development. In Georgia, new construction is not always listed on the MLS or several of the other national websites. A Buyer’s Agent that specializes in new construction will usually know what new home communities are being built in the areas you are interested in, and can educate you on what’s available.
Some communities will not work with a Buyer’s Agent unless they are with you on your first visit, or when you schedule the appointment. It is always advantageous for a buyer to work with their agent to ensure that they are receiving the representation they need throughout the home building process. Whether you walk into the sales office with or without an agent, it is wise to check the box on the registration card/form that you have representation. You can even attach your Agent’s business card to eliminate any confusion.
As a Certified New Construction Specialist, we help several buyers every year navigate the process of building a new home. Contact us today to discuss how we can help you purchase a new construction home.
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