New Home Construction is on the rise in our area. After years of limited supply, buyers now have many options to choose from. If you find yourself thinking about buying a new construction home, call me. With 16 years’ experience selling new & resale homes, I can help you navigate your new home purchase and represent your best interests. I am your local resource for all of your new home questions.
In the meantime, here are 5 things to think about before you walk through those model homes and fall in love.
1. Know what Communities fit your needs.
- Check out www.newhomesource.com to search most new home communities.
- Ask your Realtor about other communities and those planned for the future.
- Work with your Realtor to make a short-list of those that work for you.
2. Have your own Realtor® representation.
- Your Realtor® will look after your best interests. The onsite Realtor® looks after the Builder’s best interests.
- Builders require your Realtor to register you on your first visit in order to represent you.
- From negotiations, to lot choice, to upgrades, your Realtor’s experience is to your advantage.
3. Check out the Builder.
- Look for a builder with a solid reputation for building quality homes.
- Talk to other Buyers who have bought from that Builder. Your Realtor can set this up.
- Check out the Builder’s Warranty and their track record of honoring their warranty.
4. Understand the true cost of the finished home vs. the advertised price.
- The fit and finish of the model homes do not represent what finishes come standard.
- Ask your Realtor for a list of standard features, common upgrades, and their associated costs.
- Home builders offer upgrades/changes to their “standard” home which can increase the advertised price by 5-10% or more. A $600,000 home easily becomes $630-$650,000.
5. Find out what ongoing costs are associated with ownership of the home.
- Is there a Home Owners Association and if so, what are the monthly dues?
- Is there Mello Roos Tax on the Property? Mello Roos can be $350 per month in some communities.
- Does the home have Solar that will need to be leased by you?