Buying a “new construction” home is a little bit different from buying a previously owned home. There is nothing like the feeling of owning something that matches the ideal home you’ve always had pictured in your head. A “used” home can feel like someone else’s dream, not your own. With no previous homeowner, you don’t have to deal with a seller’s emotional attachment to the home, which can influence the negotiating process. Whether you are designing and building a customer home or buying a home that’s built on spec, you only have to work with the builder.
If you are in the market for a new home and are considering a new construction home, here are five easy steps that will help guide you through the process.
Consider Your Situation
The thought of new construction may mean beautiful new paint colors and shinny granite countertops are dancing through your head. First things first, evaluate your situation. Sit down and decide how much money you want to invest in your new home. It is crucial to know what you can afford based on your income, debt, and credit score.
Don’t forget the overlooked extras like property taxes, insurance, furniture, and landscaping costs. Once you have this number in mind you can decide which new construction options and extras fit your budget and lifestyle. If you are considering selling your current home to get into a new construction home, look into the home trade-in process.
Weigh the Pros and Cons
When considering whether new construction is right for you make a list and weigh the pros and cons. New construction tends to be a little further from the city center. Will you mind the commute? Is there a homeowners association and what are the rules? What school district will your children be in? These are all important questions you need to examine in order to make sure you are making the best choice to fit the way you live.
Do Your Research
If you are looking to settle down and build something that you’ll love for years to come do your research. Visit the development and talk to other homeowners in the area. Ask people about the experience they had building their home, what did they enjoy about the process? Read online reviews, testimonials, and news. Visit the builder’s website, read what people are saying on social media, and check out the Better Business Bureau. Every avenue gives you a glimpse into how the builder interacts with customers.
Learn What’s Standard and What’s Extra
Any reputable builder will be happy to answer all your questions. If you have questions about amenities and upgrades, ask! Amenities are features that benefit the entire community. Upgrades refer to added features or items you pay a little extra for to enhance your home. Communicate your ideas with the builder. If you have your heart set on a particular appliance or type of flooring, start that dialogue early and communicate your expectations.
Look at the Home Warranty
Some builder’s offer a warranty that covers any defects in craftsmanship. Home warranties can vary in length and what they cover. Be sure that any warranty you receive explicitly states what is covered and what isn’t. If there is something that is unclear be sure to ask questions.
There are many perks to choosing new construction over a previously owned home. Experience Homes is dedicated to making the process a positive one. We work with you to take the dream in your mind and turn it into reality. If you have questions about our floor plans, plats, or how you can get into a new construction home please give us a call and let us work with you.