Doesn’t mean that it’s perfect and that goes for many things but especially a newly constructed home.
Granted, there are many advantages to purchasing a brand new home over an existing home. The main one being that you and your family will be the first ones to live in your new house. It is brand
new and built just for you!
But, it’s so easy to get caught up in the excitement of purchasing a home, new or existing. And though your head may be in the clouds, there are some important things to consider that will help you keep your feet on the ground while you make decisions that will turn your dream home into a realty reality. These down to earth decisions will affect you for many good years in your brand new and happy home, sweet home.
Believe it or not, many people don’t take the time to check out the builder when purchasing a new home. This is fundamentally important since the builder has total control and is responsible for the quality of work on your new home. You’re not just purchasing a house and land, you’re also buying a builder’s integrity and his reputation.
Who’s Your Builder?
If you don’t know The Builder, then you, The Buyer, better beware. In addition to making the usual checks with The Better Business Bureau and the local builders’ association, you can look at some model homes. But remember, when you’re looking at a model home what you’re seeing is the builder’s best effort, loaded with eye-catching decorator-options such as additional molding, custom lighting and special finishes on cabinets.
What Have They Done Before?
To get a more realistic picture of your new home check out some of the builder’s previous work. Go to a comparable subdivision that was completed by your builder. Most builders are willing, and happy, to provide the names and locations of communities that they have already established. You can also get them from the real estate section of a local newspaper.
Visit these neighborhoods and speak with the people who live there. Ask homeowners what they think of the quality of their homes. Find out what they like and don’t like, as well as their experiences with the builder. Ask the owners how long it took to complete their homes and if they were delivered when promised. And ask the builder what happens to any unsold homes in the neighborhood. Houses that are discounted to sell quickly can affect the value of an entire subdivision.
Don’t Be a Ground Breaker
It is often advised that you shouldn’t purchase a new home in a new community that isn’t finished yet. The reason is simply this: the community may not flourish and you could be stuck in a community that is half finished with a home that decreases in value as a result. Look to buy in a community that is already established or one that is very near completion.
Outstanding in the Field
Just because your new neighborhood is surrounded by tranquil fields and glorious open space now doesn’t mean it will stay that way. Find out what any, and all, vacant lands in the surrounding area zoned for and have any plans been submitted for development? The local town or city zoning board is good source of information for this. Vacant fields may not stay vacant for long. Will it become more high-end homes that will increase the value of your new home or could it become a strip mall that will devalue your property?
In my next blog, more new construction advice from up on the roof to under the floorboaords!
Lara Taylor – Realtor/Broker
Twitter – @AskForLara