September 22nd, 2012

Tips For Buying New Construction

Purchasing a new construction house may feel simpler than buying a resale, but buyers should approach the process with these steps in mind, provided by HGTV’s Front Door.

  • Figure out what you can afford by talking to a lender and obtain a pre-approval before you start house hunting.
  • Factor in the extra costs such as upgrades, window treatments, landscaping, appliances, etc. that often come along with buying new construction.
  • Talk to the builder and find out what features are standard.  This way you can know which upgrades you will need to budget in.  Also ask about the builders warranties, the neighborhood amenities and features like parks or clubhouses that benefit the entire community.
  • Research communities and neighborhoods by walking them and talking to the neighbors.

Once you’re ready to choose a specific lot, keep in mind that not all lots are created equal. Rain City Guide recommends that buyers be choosy — pick the best lot for your household by studying the builder’s plans and walking the site to visualize how the house will sit once constructed. Are there trees? What type of drainage is planned? What might you see from the bedroom windows? Since it’s difficult to visualize from the second floor of a house that’s not yet built, bring a ladder and stand on it. Gaining perspective on the house from as many angles as possible is vital.