Buying new construction homes is a bit different from buying a previously-owned home. For one, because there is no previous homeowner, you don’t have to deal with a seller’s emotional tie to the property, which typically influences the negotiating process. Whether you’re designing and building a custom home or buying a home that’s built on spec in a new subdivision, you’ll only have to work with the builder.
Many homebuyers think that purchasing a brand-new home is smarter than purchasing a “used” home. A new home’s maintenance costs should be minimal; its construction materials, systems and appliances should be up-to-code and energy efficient; the floor plan and amenities should meet the needs of modern buyers; and the home should be move-in ready. A new construction home also has an emotional appeal for buyers who like the idea of living in a home that’s completely clean and potentially perfect.
When shopping for a new home, visions of gorgeous kitchens, sumptuous master baths and closet space galore may dance in your head, but you can’t forget the important step called financing. In many respects, financing a new home is much like getting a mortgage to purchase a resale home, but there’s an important difference. When buying resale, you shop around for rates and terms from banks, mortgage companies, brokers and online lenders. You can do the same when buying a new home, but there’s often an additional resource. Your builder may offer attractive financing packages, either directly through its own mortgage subsidiary or via an affiliate.
Things to consider while buying new construction homes:
When you are planning on buying a new construction home there are plenty of things that you might consider and few of them are listed below.
- Weigh the advantages and disadvantages:
Living in a newly constructed home no doubt is incredible and nothing can beat that feeling of joy but before you start decorating and painting your house and fill it with all the glitter just check if it matches your lifestyle. Is it located in the center of the city or far from everyplace you have to be at on regular basis?
- Research the neighborhood:
When buying a new Construction home always meet with an agent who knows the area well and is very well aware of the neighborhood, it is a matter of lifetime after all. Ask your agent to walk you down the area for you to get an idea of the place also drive around the neighborhood and check out the amenities and the quality of the homes.
- Get an inspection and a home warranty:
Never forget a thorough inspection of the house you are going to purchase and if possible keep inspecting it during the construction phase also asking for a warranty is great, it’s like protecting yourself. Ask for a builder’s warranty for a period of time following move-in
- Close the deal:
You are committing 30 years of your life to the process of homeownership. Learn as much as possible about the mortgage process by reading everything you can find.
Aspen Construction is an innovative building leader specializing in home additions, new construction, bathroom and kitchen remodeling. For all of your home improvement needs including electrical services contact us today at http://www.aspencoinc.com/