NEW
CONSTRUCTION TIPS
Choosing
the right builder for your new construction
home
·
Start creating a list of new construction home builders:
1. Talk to family and friends who have bought a new construction home
and ask about their experiences.
2. Contact a real estate agent in the area(s) you are interested in
buying a home.
3. Search the Web
4. Look in the real estate section of your local newspaper. Some will
even have a New Homes section.
· Do your homework on new construction:
1. Get a recent list of homes the builder has built. They may even be
able to provide you with names and phone numbers.
2. When speaking with current owners, make sure you have a notebook
to take notes. Try and speak with as many owners as possible and have
questions prepared ahead of time like, Are you happy with your home?
Was your home built on-time? Have you had any problems? If so, were
they fixed in a timely manner? Would you buy new construction from this
builder again?
3. Look at the quality of work. Does the home builder use quality materials?
Check out the quality of the cabinetry, trim, drywall, windows, etc.
in the builder’s new construction homes
Other
items to be aware of when dealing with new construction:
1. Warranties- What type of warranty does the home builder offer? Most
home builders offer a 1 year warranty to repair or replace items that
may be defective. You should get the exact terms and coverage in your
purchase agreement though.
2. How much money does the builder require up-front, and is there any
additional money due prior to closing?
3. Inspections- Does the home builder offer “inspection periods”
throughout the building process?
4. Punch List- This is a list comprised by the buyer. It may contain
small items the builder has yet to complete, items that have been installed
improperly, etc. An agreement between the buyer and home builder will
determine the time period the buyer has to submit these issues.
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New Construction Homes
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