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NEW CONSTRUCTION HOMES GUIDE

Posted by Tori Thompson on August 15, 2022
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Thinking of buying a new construction home? Not only there are so many options but the overall process can be a bit overwhelming. You walk into a stunning model home and fall in love with all of the upgrades and customizations. I feel the same way, model homes are phenomenal! Check of my new construction homes guide which walks you through the process.

In this blog, I wanna walk you through the process by sharing gems you can use as a guide for buying new construction homes. Get ready to purchase your new construction home successfully. Please note, this post’s focus is going to be a guide for buying new construction homes that are located in large planned communities. Towards the end of the blog, I share the most important thing about closing or move-in day that many don’t consider.

New Construction Homes Guide | Gems

Gem #1

Let’s talk about these important gems:

Use a realtor – As your buyer’s agent you’re represented by your realtor during the process. Pick your realtor before you shop for homes. It’s a complimentary service that is almost always compensated by the builder or seller. Realtors like me, who specialize in new construction, give valuable tips and advice. Examples would be helping with contracts, negotiating, and so much more. Working with a realtor during the entire process is going to save you so much time and energy. Just be sure that when you’re out browsing homes without your realtor that you jot their name down on any contact or registration card. It can get complicated to go back and loop in your realtor during times of need.

Gem #2

Cost of the home – So much goes into the model homes, many things are not included in the base price of the home. A great starting place is the base price. Choose the home with a base price that you like.

From there you can make changes. Builders offer options to make changes or upgrades. Changes you make to the base model are going to be considered either layout options or design options:

Layout options are structural additions like a den, floating staircases, a pool, a game room, a bonus area to the owner suite, a fireplace or etc.

Design options the fun stuff flooring cabinetry lighting tile paint color etc.

Carefully choose items that you really don’t want to do later. Think of it this way letting the builder complete the changes will allow you to finance items into the loan. Versus completing them on your own and paying separately out of pocket or having to secure additional financing.

Gem #3

Getting the best deal – The first thing that comes to mind is perhaps price. On a new construction home you could very well see if a price reduction is available. Yet, there are times when design or layout credits, closing cost credits, interest rate adjustments or other incentives result in a better deal and reduce your immediate or future out-of-pocket expenses. I’d recommend checking for deals available on an inventory home or home that is almost done as an option. In comparison to a to-be-built home that won’t be ready until in the future.

Gem #4

Getting an inspection – Be confident in the builder you select first and foremost. Builders are going to complete thorough inspections. However, you may want additional peace of mind, by getting an independent inspection done. This way if any items are found, you want to get these items done prior to closing rather than after closing. After closing, you are most likely gonna be busy with life and the builder will be working on new projects. Thus, trying to coordinate any repairs later may be harder prior to just getting them done before you move in.

Gem #5

Closing-day expectations – Please try your very best to be patient. I know it’s tough, it’s an exciting time and event. Yes, there are so many moving parts that go into building your home. Builders work hard to give a set date or timeframe for closing. However, prepared for it to happen sooner or later. Unfortunately building a home is up against the mercy of weather issues, material delays, permitting processes, inspections, and etc. A REALTOR® is absolutely the best resource to help you navigate through these types of changes.

Success

Use this guide for buying your new construction homes in Austin or any surrounding areas. Rest assured you will be in your new home in no time. If you’re interested in a re-sale or existing home, I will be doing a similar post soon. Checkout my next video, for details on how to choose the right house. If you have any questions about anything related to real estate, please don’t hesitate to reach out.

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