Most home buying advice is aimed at people who are buying an existing home. But what if you're in the market for a new construction house? What do you need to know to ensure the home you're having built will meet your family's needs?
Buying a newly built home provides some exciting options that may not be available to you when purchasing an existing home, such as the ability to choose the exact kitchen cabinets, flooring and even floor plan you want. Here are a few things to do before buying new, according to an article by realestate.com.
Use a Real Estate Agent
It’s a good idea to use a real estate agent if you can. Since the seller typically pays the commission, it costs a buyer nothing to be represented by a real estate agent, and many builders are happy to work with agents. An agent who regularly deals with builders and knows the local communities will provide lots of helpful information.
Research the Community
Before you buy, find out as much as you can both about the area and the neighborhood itself. Is it zoned for a good school district? How high are the property taxes? What developments are happening nearby? Have home values improved over the years?
Check Out the Builder
Many home builders have been in the business for years and produce a quality product. However, a few do not. Check review sites, state licensing boards and the local court records to see whether the builder you're considering has run into any trouble, including lawsuits, complaints with licensing agencies and disciplinary actions by state and local agencies. This is also a good time to talk to previous customers.
Carefully Consider Upgrades
Think about how you want to spend your limited budget. You can never change your home's location, for example, but you can upgrade flooring later. Apply that logic to other choices as well. If you're choosing between a fourth bedroom and granite countertops, you probably should choose the extra bedroom, which is much more expensive to add later.