Buying a New Construction Home? A Few Tips To Avoid Panic
A brand-new home! Who hasn’t dreamed of creating the perfect home from scratch and moving into a space that no one has ever lived in before. There’s something special about a fresh home, but remember, new doesn’t mean perfect. And it certainly does not mean that there won’t be imperfections, small or large, to contend with. One of the most important things to understand up front is what does your warranty cover? A builder’s warranty covers typical defects and other problems, but the fine print outlines timelines, procedures, and limitations. A thorough reading prior to closing will clarify how to handle any issues that arise when you move in. When you are ready to move in, your checklist will differ from a typical resale home. First, always have an independent home inspection, just as you would if you purchased a used home. Alert the builder immediately of anything that the inspection uncovers. During the final walk-through, you will also want to make sure the home was completed correctly; are the light switches level, are the floors even, is the paint free from nicks and scratches? You are buying a new home and it should look new. Buying a new home is exciting. The good news is that most issues are minor and can be quickly corrected by the builder or home warranty company when discovered. No need to panic when imperfections show up.
New Construction: Is It Right for You?
New construction home developments have sprung up across the country. They show beautiful new designs in both living spaces and exterior details. It’s appealing to have the ability to choose your flooring, countertops, cabinets, lighting, and other features—moving into a home no one has ever lived in. Yet, there are also good reasons to consider a resale home as well. Understanding the advantages of each, you can decide if new construction is right for your needs. New Construction Home The first advantage for new construction is that everything is new, fresh, modern, and includes the latest design trends. Appliances and windows will be energy efficient and include all the newest features. Homebuyers will also find no need to budget for repairs since everything is new and should include a warranty. Resale Home A resale home can offer great value to homebuyers. The home will already have landscaping and upgrades installed, saving out-of-pocket costs. Resale homes also tend to have larger lots in established neighborhoods. Property taxes may also be lower because the infrastructure is already in place. Finally, the buyer can easily research schools, safety, and amenities which may still be under construction in new developments. Both new construction and resales homes have benefits. If you are in the market for a new home, consider the options in your area and compare real costs and benefits. Knowing the difference can save you money and help you find the right home for your needs and lifestyle.
How To Buy From The Best Home Builder
Whether you plan to buy a single-family home, condo, or townhouse, buying in a new development can cause years of issues if you don’t choose a property with a solid, reputable home builder. It’s exciting to consider buying new construction, a brand-new home suited to your specific needs and taste. Yet unlike the resale homes, there are no previous owners to provide disclosures detailing issues with construction, lot, or property. In this case, one is relying on the builder to provide a high-quality home in both construction and materials. As with any home purchase, doing your homework ahead of time can save you thousands of dollars over the long run. Start by researching the builder of the subdivision. Check for other projects, both current and past. Visit any projects still available and drive by the other properties to see how the homes have weathered. Watch for signs of repairs, such as new roofs or paint. When visiting the model homes, watch for the quality of construction. Do the doors and drawers open and close smoothly? Are the floors finished at the baseboards neatly? Ask for a tour of unfinished homes as well. Check to see if the workmanship is uniform and careful. Finally, have a home inspection before closing on the property. A staple of the resales housing market, few homebuyers of new construction consider it. By taking the time to do your research ahead of time, you can make the right choice in a new home.
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