Today I’ll share five tips to help you purchase a new construction home.
Here are five tips to keep in mind when you’re buying a new construction property:
1. Have representation. The representative in a new-build home is there to represent the builder, not you. Their goal is to get the builder the best deal, and that’s why you need your own agent to help you negotiate the best deal.
2. Know the incentives. See if you can look up online what last month’s incentives were and what this month’s are. If the home is an inventory home, you can try to negotiate those incentives or ask for no charge on the lot.
3. Get an inspection. In fact, you should probably get it inspected twice: once during the frame stage before the sheetrock goes up, and once more at the end of the transaction. That way, you won’t wind up moving in, only to find issues that you may have to take time off from work to correct.
4. Be careful with upgrades. When you go to the design center, think about how long you plan to stay in the house before you decide to throw on all the upgrades; it is possible to over-improve a home.
5. Record every conversation. Whenever you have a conversation with the building superintendent or the sales rep, follow up with an email thanking them for their time and reminding of what exactly was discussed.
If you have any questions about buying a new construction home, don’t hesitate to reach out to me. I’d love to be your real estate resource.