Use an independent real estate agent: Homeowners will want to bring their own representation to the table when buying a new construction home. The sales representatives that are on hand work in representing the builder’s best interests in a new construction community. It is in you r best interest to have someone that is looking out only for your best interest when negotiations. This will help to ensure there is no conflict of interest when working out details of contracts, onsite inspections, and more.
A drop in the cost of building is rare instead ask for builder concessions: Builders rarely offer discounts. They have set, established pricing and tend to strictly stick to these when negotiating contracts. Instead if you are looking to get more for your money you can seek out a deal by looking to purchase a spec home or model. These homes have been built to attract buyers and once they have served their purchase are often offered for sale at a slight discount over other homes in the neighborhood. The drawback is that you will be buying the new construction home as is instead of getting to detail exactly what you desire.
Discuss the builder’s warranty: Warranties vary between builders. Some builders will offer an extended warranty lasting up to ten years for structural issues but put shorter stipulations on wear items such as plumbing, electrical and so on. Before signing the contract beware of what type of warranty is being offered.
Prepare for the unexpected: Occasionally suppliers discontinue materials. Be prepared to have some of the finishing touches you have chosen to change a bit along the way. Builders work diligently to prevent major changes from occurring however the unexpected can and does occur in new construction.
Require an independent inspection: A home inspector that is independent of the builder should be hired to do a final inspection once the builder has finished your home. They will go over the various aspects of the home including: plumbing, electrical, roofing, crawl spaces, attic, insulation and so on and so forth. This will allow and independent set of eyes to inspect the house thus allowing you to get these items repaired by the builder before closing on your new construction home.
Reap the benefits on move in day: The excitement of buying a new home is something that all buyers feel but purchasing new construction is even more thrilling. You will be the first person to use the appliances, take a bath in the tub and enjoy a relaxing day on the deck.