Considerations When Buying New Construction Homes
Is a new construction home right for you?
Before the physical construction begins, there is a pre-construction phase that involves designing, obtaining clearances, and bidding. Post-construction focuses on administrative tasks and quality assurance. It’s crucial to understand both phases and how they contribute to the overall building process.
Take the time to research the builder’s track record and examine the quality of their previous projects. Look for signs of durability and customer satisfaction. Seek guidance from your local real estate agent, who can provide insights into the builder’s reputation within the community.
Builders often offer various incentives to attract buyers, such as discounts, upgrades, or assistance with closing costs. Take the time to understand and evaluate these incentives carefully. It’s essential to assess their value in relation to your needs and overall budget.
Don’t underestimate the importance of a home inspection, even for newly constructed homes. A professional inspection can uncover any construction defects or issues that may not be immediately visible. It provides an opportunity to address these concerns before finalizing the purchase.
The final walk-through is a crucial step before closing the deal. Take this opportunity to thoroughly inspect the property, ensuring that all agreed-upon work has been completed. Create a punch list of any outstanding items that require attention from the builder, as they are typically responsible for resolving these issues.
Percent of Homes Sold in the Development: