Real Estate July 5, 2022

Purchasing New Construction Home – 8 Tips You Need to Know

Buying a new construction home is one of the best things you can do for your long-term plans for homeownership. A new home has brand new materials, a new roof, a new HVAC and water heater, and new kitchen appliances. Every piece of your home is in top condition and with the longest lifespan before your first maintenance or eventual replacement. You get to be the first person to live in the house, cook in the kitchen, and sleep in the bedrooms. But there are also a few other details about a new construction home to consider.

New construction homes are not the same as custom homes. They are usually pre-built in a planned neighborhood that is a forming HOA. The house will have similar features and designs. You will become an HOA homeowner with access to planned neighborhood amenities along with the dues and the voting rights that come with that. This is a big decision for any new home buyer. Making sure you find the right new construction house is key.

Let’s dive into a few best practices and tips for buying a new construction home.

8 Tips to Consider When Buying a New Construction Home

1. Have a Real Estate Agent

First and foremost, remember that you are still dealing with the real estate industry, and you will want an agent on your side to look out for your interests and help you handle all the paperwork at the end of the process. Buying a new construction home is not like buying a product off the shelf, you will still need to inspect, negotiate, and make sure you’re buying a high-quality home that’s right for you.

2. Finding Your Dream House Floor Plan

When you go house-hunting, you are looking for your dream home. This is a home that looks, feels, and lives like the homeownership you’ve always dreamed of. Maybe you want a home that reminds you of your grandmother’s house when you were a child with warm wood panels and stained glass in the front door, or maybe your dream home is a modern oasis with an open floor plan that rolls out onto an outdoor living verandah. Is your dream house one or two stories? Are there extra rooms for kids or extra suites for guests? Or perhaps your dream home is a cozy private cottage that’s just the right size?

There are new construction homes of every size and floor plan. Find a design that suits your vision of a dream house to make that dream a reality.

Bonus tip: Don’t forget, you can still modify a new construction home after you buy it. Perfect except for one or two details? Budget for a minor renovation, just like you would buying a pre-owned home.

3. The Planned Community You Want to Live In

New construction home is typically in a planned community of similar new construction homes. You’re not just choosing the house and the lot, you’re also choosing the community. Do you love driving down the roads? Does the sight of matching houses feel like home to you? Do you like the structure of the initial HOA documents, and want to be a part of building the neighborhood into a complete, populated, and self-governed community?

When the answer is yes, then you’ve found the right place to buy a new construction home and become part of the people who make your community great.

4. Explore Your Amenities

Discover your neighborhood amenities or those that will soon be built. Planned communities typically include at least one pool, playground, and clubhouse. Many have sports courts, nature walks, bike trails, and multiple park areas. Some have additional neighborhood venues and luxury features that compete with luxury condo associations. Community gardens and dog parks are also a rising trend, and there might be one in your neighborhood.

Decide if the amenities are tempting and if you might buy a house close to your favorite amenities like the clubhouse or pool.

5. Research Your Builder

Know your new home builder. Home developers are very different from one team to the next, even in the same region. Your builders have a unique network of partnerships, material vendors, and subcontractors they work with. Their results will speak for themselves in both the quality of the homes they build and the business’s reputation with the state construction board, the BBB, Google reviews, and other ways to assess

6. Interview Your Future Neighbors

Want to find out if others are satisfied with similarly built homes from the same builders? Meet your future neighbors. A few neighborly interviews about the homes themselves can give you a lot of insight – important insight – into what it’s really like to live in the new construction home you are about to buy. You might hear that every detail is perfect, or a few little quirks like a cabinet that likes to pop open. It’s always uplifting to hear good things about homes built by the same builder you are about to purchase from.

Likewise, if there are any red flags, talking to current new-construction homeowners in the neighborhood can tell you more than any interview with a company invested in selling the house.

7. Don’t Skip Your Building Inspection

New construction homes still need a due-diligence inspection before you buy. Why? Because they’re not perfect factory-printed cookie cutters. Every new construction home, though built to a plan, is unique. The occasional mistake during construction or defect in a building element can cause problems that your inspector might spot. The good news? There’s probably a flawless identical home down the street.

8. Plan For Your Future

Last but not least, shop for a new construction home with the future in mind. Not just who you are today, but also where you might be in five or ten years. New construction homes will last for decades, even generations, and could dedicate the home’s entire lifetime to being the center point of your family. The right new construction home could be exactly what you need today, ten years from now, or for your grandchildren decades from now.

For more insights on buying the perfect home for your family and plans, contact us today. Weidel Real Estate is ready to find your dream home, whether it’s new construction, a piece of history, or somewhere in between.