If you favor a home that's brand new or want to customize as many of the home's details as possible, you might want to consider purchasing a new construction property. A new construction property allows you to be the first person to live in the home. Know what to expect with a new construction property with these 5 things listed below.
- The Current Status of the Home
New construction homes come in a variety of options. It's possible to start with bare land, design every element of the home, and have the builder construct the property according to your specifications. Another type of new construction allows you to choose from a set of different home designs and finishes; while you can still customize the home, your options might be limited. One more alternative is a home that's mostly built but permits the buyer to pick out some of the finishing details, like the flooring, paint colors, and countertops. Generally, the more you customize a home, the longer it will take to build. Keep your moving timeline in mind when checking out Raleigh homes for sale.
- Whether the Builder Will Handle Any Exterior Projects
Pay attention to the home's exterior and ask the builder what, if any, projects they plan to complete for the property's outside space. It's not uncommon for a builder to forgo planting flowers, adding trees, and seeding a lush, green lawn. If you're responsible for these items, you'll need to make sure the work and associated costs are manageable for your budget and schedule.
- What Warranties Come with the Home
Most local new construction homes come with some type of warranty that guarantees the quality of the work. There will likely be a warranty for the materials used to build the home and coverage that warranties the actual construction of the home. Various components typically have different lengths of coverage. For example, the HVAC system may be covered for a few years, while the roof may be covered for 10 years. Make sure that you're comfortable with the terms of the warranty and what the warranty actually covers.
- The Builder's Reputation
Before you commit to a specific builder, make sure you thoroughly research the builder's reputation. Not all home builders are created equally. Some builders strive to get homes built as quickly as possible, while others place a premium on constructing quality homes. Ask the builder for references and use online review sites to read reviews from previous customers. Take note of how the builder responds to negative reviews. Does the builder ignore them or do they offer a response that tries to help the customer with their complaint? Look for a builder that treats all customers, even disgruntled ones, with respect.
- The Future of the Neighborhood
If a home is one of the first properties in a new neighborhood, it can be tricky determining the ultimate direction and atmosphere of the neighborhood. Will the neighborhood consist primarily of single-family homes, or will condos and townhomes also be built? Talk to the builder that's handling the area's new construction to get a better idea of what the neighborhood will be like when construction is complete.
If you're ready to start looking for your dream home, call our real estate agents today. Contact us to get started.