Why go through the charade of looking at existing homes and evaluating with your family what demerits you could live with and what compromises you can make when you can build your own dream home? Want a wrap-around porch but also ample closet space and a separate laundry room? You can make it all happen. While the prospect of buying a newly-constructed home can be as daunting as it is exciting. Here are a few things to keep in mind:
First, contrary to what you may think, it does not always take months and months to construct a new home. Many new homes are already being built, with plenty of customization options still available, and the process can take as little as three months (in comparison, it takes an average of 4.5 months to shop for a pre-existing home and about 30-45 days to close after selecting one). Don’t let time be a deterrent when shopping for your next home!
Additionally, while you might be dazzled by the idea of countless upgrades and glamorous modern features, don’t forget the fundamentals when buying new construction. Make sure that you’re happy with the square footage of your new abode as well as the location. These aspects are much more difficult to change, while can always do an upgrade or remodel later!
On the topic of location, always make sure you like the potential new community as much as you like the house itself. Find out as much as you can about the subdivision and the builder’s future plans (this includes talking to current residents) to make sure you won’t be moving into a community that’s left abandoned and half-built. Also, make sure the neighborhood has access to good schools and other amenities.
Finally, don’t forget to ask about warranties! Most builders will offer warranties on materials as well as workmanship. Make sure you understand what is and isn’t covered to avoid a nasty surprise a couple of years down the line.