When it's time to buy a home, a lot of the advice available to buyers is aimed at those who are purchasing an existing home. While there are a lot of great tips for purchasing a home that has already been built, buyers often struggle to find advice on purchasing a new construction home. There are plenty of advantages to new home construction. For instance, the buyers have a lot of control over things like the floor plan of the home and the materials and finishes used in the home. For those who are looking at new home construction, here are three things to consider.
Real Estate Agents Can Help
When looking at new construction homes, many buyers are unaware that a real estate agent can be very helpful. Real estate agents know the real estate market and local builders better than anyone. They can help buyers determine which homes will best suit their needs. When buying a home that hasn't been built yet, it can be difficult to determine what the neighborhood will be like once construction has finished. Real estate agents can help buyers along with this process.
Pay Attention To Other Homes Being Built
When going for a new build home, it's important to pay attention to other homes being built by the same builder or in the same neighborhood. While it may be tempting to go as high-end as possible with all of the finishes, this may not be a good choice if selling the home is a possibility in the future. When adding upgrades to the home as it's being built, it's a good idea to keep the value of the home with the improvements in mind. As a rule of thumb, it's a good idea to keep the value of the home no more than 10 percent higher than the average cost of homes in the neighborhood.
Get An Independent Inspection
A lot of buyers feel that since the home is newly built they can do away with the inspection. However, an independent inspection is still a must when purchasing a new construction home. An independent home inspection costs, on average, between $270 and $378. Even new homes can have major issues that can show up during an inspection. Getting an inspection protects the buyer and can identify an problems that may occur in the future.
Building a home is a great option for homeowners who want to customize their space. When purchasing one of these homes, there are a few things to consider. Real estate agents can be very helpful and can guide buyers to the right location and the right builder for them. When adding upgrades to the home, it's important to consider the home's value. Too many high-end additions can make a home difficult to sell down the road. An independent home inspection is also a must.