Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the
Questions to ask before you start your new home search!
Dated: January 18 2019
If you’re in the market for a new home, and considering new construction, make note of the questions below when you begin your property search.
Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning new construction is definitely exciting, but it doesn’t come without its own set of questions.
1st. Do they offer any buyer or financial incentives?
If the community or development is still in the early stages, there might be incentives (like a buyer discount, builder upgrades or other financial incentives or freebies) for buyers. Sometimes these offers come with a catch - where something is expected from the buyer in return for the incentive - but it’s important to ask about any offers that may be available, especially if the community is still up and coming.
2nd. What are the long term plans for the community?
Unless you’re looking at custom homes on acreage, it’s likely new construction in your area will be located in a new development or in a master planned community. With this in mind, feel free to ask about the plans for the community. If it’s a large area, find out if any subdivisions are planned. If there are only a few houses built so far, it’s likely to mean lots of construction in the months to come - which means a lot of noise and construction traffic. Also ask about the builder - if they’re well known and respected, it’s unlikely they’ll lose funding and the community will likely continue on as planned.
3rd. Do they provide warranties?
New homes often come with different warranties. Ask if a workmanship and structural warranty come with the home. A workmanship warranty (or builder’s warranty) is a warranty for newly constructed homes that offer limited coverage on workmanship and components of the home like windows, siding, roofs, doors, plumbing, electrical and HVAC. Traditionally a workmanship warranty will cover a one or two year period; another likely warranty is a structural warranty, which covers the structure of a home. If a warranty is provided, make sure you know exactly what is and isn’t covered and how much you’re responsible for in case of any issues.
New construction is exciting, but you want to make sure you have all pertinent information before you go through with a home purchase. As your real estate agent, I will be able to help you navigate the waters of new construction. Reach out to me with any questions you may have about buying new construction.
You can call me at 702-723-7828
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