Try as you may risks is inherent in virtually everything you do. Buying a home of any kind is of course no exception. The goal in the home buying process is to reduce your risk as much as possible. Is your goal to buy a new construction home? If so, lets explore a few of the key ways you can reduce your risks so that ultimately you’re as happy with your purchase as possible.
Don’t Skip the Research Process
When you are buying a new construction home it is vitally important that you research and vet the builder. The reputationof the builder is perhaps the most important factor to consider. If you want the best deal possible for your money(and you do) then you’ll want to do your research online and offline. Make sure that you’re comfortable with your builder and that the company in question has a top notch reputation. Even big companies like Toll Brothers need to be vetted.
Your first step in the new home process isn’t thinking about how you want your home to look or other such factors. The number one factor is the quality of the builder. If you are looking at a community like Trotters Glen or Shady Grove Crossing, you may assume you’re getting the highest quality because you are buying a more expensive property. However, even those purchasing houses on the pricier end can end up with regrets when it comes to their new homes.
What’s the Best Neighborhood for You?
A very, very close second to the quality of the builder is the quality of the neighborhood. Not only do you want a neighborhood to be close to amenities. but you also want to make sure that the crime statistics are low. Quite often, there can be surprises in this regard. An area can seem rather safe, but is, in fact, near or even surrounded by high crime areas. This can be tremendously problematic when it comes time to sell your home.It goes without mention that it’s far preferable to avoid safety concerns.
Be Ready for Delays
For your own sanity realize that there may be delays. Even the very best builders can run into a myriad of problems and issues. If you need to secure a house that you know you can move into right away, planning to move into new construction is probably not your best move.
Don’t Take Anything for Granted
When it comes to building a new home, you will want to have an inspector. But that is only the beginning. More specifically, you’ll want your inspector to be involved at every step of the process. Before you pour your foundation, your inspector should be involved looking for problems and concerns. Some builders may be irritated by this potential interference, but remember that you are the customer. That means that your attitude should be, “So what?” This isn’t just your home, but also the largest single investment you may ever make.
Realtors Marc Cormier explained, “Don’t be scared of new construction.”
His associate Tania Ivey added,“Enter the process with open eyes and make sure that you have expert help in the form of an inspector and a great real estate agent who will be with you every step of the way.”