Purchasing a new build home can have a lot of advantages and be the perfect choice for a family who is ready to move. But like all real estate transactions, buying a new build home can be complicated and also require a large financial investment. If you're in the market to buy a new build home, make sure you do it the right way and avoid the following mistakes:
Failing to Hire a Real Estate Agent
Most neighborhoods with new home construction have sales offices and model homes for prospective buyers to tour. While the sales agent can be very helpful, it is important to remember that he or she works for the builder and does not necessarily have your best interests in mind. It is essential to hire an experienced real estate agent to represent you when purchasing a new build home. Your agent will protect your interests in the transaction, and since the builder pays the real estate agent a commission for the sale, you don't have to worry about any out-of-pocket expense.
Not Understanding What is Included
After touring several model homes, you may find a floor plan that works perfectly for your family. But before you sign a sales contract, it is very important to understand what is included. Many model homes are designed with a number of upgrades that cost extra to have—a base model new build home may not have all of the extra features that the model home has. Make sure you understand exactly what you are getting for the price you are paying.
Neglecting to Order a Home Inspection
While you can rest assured that everything in a new build home is brand new, that doesn't mean that it may not have a few issues that need to be repaired prior to moving in. Getting a home inspection prior to closing will give you the peace of mind of knowing that the home is well-constructed and does not have any problems that you may encounter after moving in.
Not Scheduling a Walk-Through
Even after getting a home inspection done, it is still important to do a complete walk-through with a representative from the builder before closing. This will give you the chance to look through your new house and ensure that any upgrades you paid for were installed and nothing is missing, such as any landscaping that you may have agreed to pay for.
For more information, contact local professionals like Mirabella.Share