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NEW CONSTRUCTION BUYING TIPS

Research the Builder: Check online review sites, the BBB, and your agent (me!) about the the builder’s reputation; talk to new home owners already living in the new subdivision about the quality of their home and builder’s responsiveness.

The New Subdivision: If the new home is part of a new community, ask how the HOA operates and its restrictions. Ask how long the construction will continue in the development after you move in; research the local amenities and local rush hour traffic; ask the builder about plans for the long-term development of the area if applicable.

Model vs Actual: Make sure you understand what options are standard and what are upgrades if you are using the model home as the basis for your decision to buy.

Square Feet Vs Upgrades: If it comes down to an either/or situation, spend your money on square footage and location over upgrades. You can upgrade flooring, wood trim or counters later (and probably for less than what a builder will sell it to you for), but it will be very expensive or impossible to add an extra room and certainly the location of the property can’t be changed.

The Floor Plan: People often don’t have a concept of relative size by looking at a 2D floor plan. If you need a real visual, visit the model home or a similar property already built, or pull out a tape measure to see just how the dimensions translate.

Home Inspection: Get an independent home inspection which will also help you learn more about the home.

Get Warranties: Be sure you understand the duration and scope of the builder’s warranty on craftsmanship and how unexpected or unidentified problems are handled after closing. Sometimes this can be an area to negotiate during purchase. Also get the instruction manuals and warranties for all the appliances and mechanical systems in the property.

The bottom line is this: Do your due diligence, ask questions and get everything in writing!