10 Important Questions To Ask When Buying A New Construction Home!
Buying a new construction home can be an exciting experience for many homebuyers, but it’s important to ask the right questions and do your research to make sure you’re making the right informed decision. When buying a new construction builder home, consider asking the following 10 important questions to the new home builder to protect your investment and family:
1) What is included in their base purchase price? Before making a decision and writing them a check for the deposit, make sure you understand what the builder includes in the home’s base purchase price and what is upgraded added costs. This will help you figure out what additional costs you may need to keep in mind.
2) Are there any incentives or discounts available? Builders may offer incentives or discounts to buyers who sign a contract early or who agree to certain terms.
3) What’s the expected completion date? Knowing when your home will be completed can help you plan your move and make other necessary arrangements and not rush into purchasing.
4) What’s the warranty on the home? Make sure you understand the warranty on the home, including what’s covered and for how long. This will give you peace of mind knowing you’re protected.
5) Are there any upgrades available for your home? Find out from the builder’s sales agent what optional upgrades are available and how much they cost to upgrade. Doing some upgrades with the builder can save you a hassle of doing them after you move in, not all upgrades are necessary but there are few important ones to have it done. We’re happy to guide you with this.
6) What are the fees for the homeowner association (HOA)? Most newly built homes are in an HOA community, if the home is in a community with an HOA, learn about the monthly fees and what the HOA covers and what is their rules and regulations. This is important to know before you close escrow.
7) What are the property taxes for the home you’re buying? Make sure you understand the property taxes related to the home you picked. Most newly built homes have special assignments and Mello Roos taxes which can impact your monthly mortgage payments and also important for your lender to know upfront.
8) What are the energy-efficient features? Find out what energy-efficient features are included in the home, such as insulation, windows, and appliances, each builder has a home energy efficient rating they can share with you.
9) Who will be the point of contact during construction? Make sure you have a point of contact during construction to address any concerns or questions you may have.
10) What’s the builder’s reputation? Do some research on the builder’s reputation and past work to ensure they have a track record of delivering quality homes and on time or not.
2 Bonus Tips:
Bonus Tip #1: Ask the builder if they have a special incentives for any HERO program, HERO are considers as Military Home Buyers, VA buyers, Teacher, Doctor, Nurse, Fire Fighter, etc.
Bonus Tip #2: Ask the builder if they’re offering any special interest rate promotion or interest rate buy down to help you purchase the home.
Also consider reading our other blog “When Shopping for a new home consider location carefully.”
If you’re in search of a local real estate agent to help you navigate the new home-buying process from start to finish, look no further. Our team has a wealth of experience working with new home builders and can guide you through the purchase with ease. With our expertise, we know what questions to ask and what to look out for when buying from builders. These 10 essential questions, plus two bonus questions, are just the start. As New Home Co-Operating Brokers, we can help you save money and find the home of your dreams. Don’t hesitate to reach out to us today, there is No Fee for our service to you, builders have marketing budget set aside to pay for our expertise, and doesn’t save you anything extra by not going to the builder with a professional real estate agents.
Looking forward to helping your find your dream home!
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