What You Should Do When Buying a New Construction Home
The biggest difference between purchasing a home and buying a new construction home is that you’re going to buy the former from the person who lived in it previously, while the latter means you’re buying it from the one who built it. Obviously, the foremost reason why you’re going for a new construction home is because you want to live in a property where everything is practically new. For one, you no longer will have to worry too much on conducting a comprehensive home inspection aimed at figuring out if there are major damages and deterioration.
But just like buying any kind of property or home, you need to go through a rigorous process to make sure you won’t regret your decision later.
1 – First things first, you need to find and work with an experienced and reliable real estate agent.
Looking On The Bright Side of Homes
While finding a good realtor, you should take extra caution because you might end up hiring someone who actually is employed or connected to some way with the builder of the home you plan on buying. While there’s nothing illegal about it, it’s just that you want an independent buyer’s agent who will represent your interests, not the builder’s.
How to Achieve Maximum Success with Homes
2 – Learn the art of negotiations.
The downside of negotiating with builders of new homes is that unlike homeowner-seller themselves, they really aren’t that open when it comes to dropping the price of their property. This is obviously because they feel like the home is newly-built and there is nothing to make a compromise on. However, it does not mean you no longer have some room to work with. Though you feel like you no longer need to negotiate since you have the buyer’s agent doing it for you, the thing is having to learn how everything works will become a crucial attribute later on.
3 – Make sure everything is placed in writing.
Buying a house is a huge investment, maybe the biggest you’ve made in your life so far. So in line with this, it sure makes perfect sense to put everything in writing whenever you decide to make that purchase. For instance, you can’t just rely on the verbal assurance of the builder that the house is complete without first making sure about it; and when you do agree and sign the contract without mention of those parts to be completed, then you might be forced to cover the costs to finish the job. A written contract or agreement is legally binding, which means that once the builder signs it, they now carry the responsibility of fulfilling all the promises and agreements stipulated in that same portal.
Finally, we don’t really recommend buying the cheapest available new construction home out there because you’ll never know you’re actually being ripped off.