While many buyers appreciate the convenience of buying an existing home, others would rather walk into a newly constructed house that offers them a clean slate. Before you move forward, here are some important things to consider when you decide on new home construction.
Choosing Your Real Estate Agent
You want a professional real estate agent on your side when it comes to new construction. Their knowledge is valuable, and their experience is one of the keys to success when it comes to your transaction. Your agent has strong negotiation skills that come into play when dealing with upgrades, move-in dates, and other important terms with the builder. They are familiar with the terms used and the expectations of local builders. There are times when challenges pop up with new home construction, but you can rest assured that your real estate agent is on top of things and working on your behalf. Their goal is to make your experience as stress-free as possible.
Selecting a Builder
Due to the number of options, choosing a home builder can be a bit overwhelming. Take time to understand the styles of architecture that are available in your community. Focus on builders who offer the type of home you desire. Your real estate agent is a valuable resource and can guide you along the way in finding builders in your area. Seek the advice of friends and family members with new construction experience. Use the information you receive from your agent and those close to you when narrowing down your options. Be sure to check the status of a builder’s state license and their certification status with the National Association of Home Builders. Another good place to do a bit of research is the Better Business Bureau.
Considering Important Decisions
The builder’s representative has a goal. They want you to purchase a new home from them. For this reason, it’s a good idea to have your real estate agent with you when you visit the builder’s representative. The rep will provide information on building restrictions, inspections, road or utility installation needs, upgrades, and rebates. This rush of information is overwhelming to many people, and that’s where your real estate agent steps in to help make the information manageable. They help you understand the process and explain details you don’t understand. Your real estate agent helps make sense of chaos, leaving you free to make important decisions related to the build.
Watching the Timing
Another important key to success is understanding the current real estate market. Your real estate agent helps you secure the best deal from the builder because they understand current trends. At times, a builder has too much inventory due to a slowdown in the market. Because of this slowdown, you may get a deal on upgrades and the asking price.
Being Prepared to Buy
Most home builders require a deposit at the time the purchase contract is signed. In fact, you should be prepared to pay for any upgrades you request before closing day. Backing out of the agreement before the completion of the construction project could cost you that deposit and any funds paid for upgrades. Know the details on your contract well before you move forward and sign the dotted line.
Your real estate agent is the best source of information about the local community and real estate topics. Give KAD and Co. Signature Properties a call today at 484-234-2341 to learn more about local areas, discuss selling a house, or tour available homes for sale.