Welcome to the Blog

2018-03-30 15:45:02
Tips on Buying a New Construction Home

Whether to buy an existing home (also known as a 'resale' home) or have a new home built is a decision many buyers face today. If you opt for new construction, a REALTOR® can be a powerful advocate in your corner to negotiate upgrades, a move-in date, and other terms with the home builder.

Below are helpful tips to prepare you for a new home construction purchase.

Selecting a Builder:
1) Shopping for a large production or custom home builder can be a daunting task. Start by defining what architectural styles appeal to you and then seek out builders in the area who offer those styles. Performing your due diligence is essential.
2) Ask friends for referrals to get firsthand accounts.
3) Verify the builder's state license status, if applicable.
4) Check for complaints against the builder (these are usually filed with the state or the local Better Business Bureau).
5) Check whether the builder is certified by the National Association of Home Builders.

The Builder's Sales Representative and Your REALTOR®:
The builder's sales office representative's ultimate goal is to sell you a home. His or her role is to provide a range of information to help you in your decision-making, from building restrictions, roads, and easements to inspections, warranties, rebates, and upgrades.

A REALTOR® who is knowledgeable in new-home construction will be able to help you decipher the data and point out the downsides and upsides of each line item. Your agent also can look out for your interests in reviewing the builder's contract, which often contains more legal jargon than consumer-friendly language. It’s important that you have an advocate in your corner when buying a new construction home.

It's All About Timing
Market conditions typically dictate a builder's incentive to make a deal you cannot refuse. When a builder is laden with inventory, his carrying costs are higher. When this happens, he or she might be more amenable to strike a favorable deal with you, whether it's throwing in upgrades or taking a bit off the asking price. A real estate agent can assist in making recommendations that fit the market. Your agent will also be on the lookout for builder close-out sales, special events where a nearly-finished subdivision has standing inventory and offers purchase incentives.

A Word About Finances with New Construction
While there are always exceptions, most builders require a deposit when a purchase agreement is signed on the new construction home. They also require that the buyer pays for any upgrades before closing. If you back out before closing, unless the agreement states otherwise, you will lose that money. Make sure you understand every detail of the builder's contract before signing it.

Have questions? I’m always here, and I’m happy to help. Reach out to me with your new construction home questions.

Blog Archive
2018-03-30 15:49:13
How to Lower Your Homeowner's Insurance Premium

2018-03-30 15:45:02
Tips on Buying a New Construction Home

2018-03-23 13:51:36
How to Prepare Your Home for a Photo Shoot

2018-03-23 10:04:38
Austin-Round Rock Real Estate Market Update - February 2018 Home Sales Statistics

2018-02-28 11:36:09
5 Tips to Payoff Your Mortgage Early

2018-02-23 15:24:37
Seven Questions to Ask the REALTOR® You Hire

2018-02-22 15:42:33
Daylight Savings Time Home Maintenance Checklist

2018-02-22 13:00:50
Nine Staging Secrets

2018-01-29 17:02:10
6 Ways to Boost Your Home's Selling Price This Spring

2018-01-25 09:09:46
Kitchen Cabinets Cure Renovation Blues

2018-01-19 17:28:39
Homestead Exemptions Explained!

2018-01-16 12:49:33
Big Items to Start Your Home Selling Plans for 2018

2017-12-28 07:45:39
Winter Staging Tips for the New Year

2017-12-21 10:45:14
Wander Through Austin with this Local Art Exhibit

2017-12-15 10:20:22
Stain Removal Tips to Save Your Holiday Linens

2017-12-06 14:56:41
5 Ways Sellers can prepare to list their home in January

2017-11-30 10:23:06
New Year, New Renovations

2017-11-29 09:15:18
8 Home Design Predictions for 2018

2017-11-17 12:18:44
Helpful Hints to Reduce Stress for Thanksgiving

2017-11-01 10:13:55
Simple Tips to Keep Your Kitchen Renovation Inexpensive

2017-10-30 11:50:07
Home Insurance: 5 Things You Should Know

2017-10-27 12:20:56
Five Staging Tips to Make Your House Stand Out This Fall

2017-10-26 09:23:39
Give Back in the Greater Austin area this Thanksgiving

2017-10-24 12:50:40
Best Home Decorating Ideas from Top Designers

2017-09-27 12:42:18
Central Texas Real Estate Market Update – August 2017

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.