
Building a new home is an exciting alternative to purchasing a resale property, depending on your needs and timeline. New construction homes have numerous advantages compared to existing homes including new energy-efficient appliances, builder warranties, and you usually get to select the finishes (paint, hardware, etc).
With the advantages of new builds come a plethora of options and questions. Having a trusted real estate agent by your side to navigate the process is beneficial. If you’re considering a new construction home, we recommend partnering with an agent to help you manage the process and avoid making common mistakes.
Mistakes your Helen Adams Realty agent will help you avoid:
Mistake 1: Buying “Unrepresented”
While you are not required to have an agent to buy a new construction home, it is likely in your best interest. From comparing model homes and floor plans, reviewing contracts, overseeing inspections, and explaining builder warranties, repairs, financing, and more, your agent will know exactly what to look for and advocate for you along the way.
Mistake 2: Wanting Instant Gratification
Building a home takes time. Whether you are buying into a new community or planning to build a property on your own land, new construction timelines vary based on supply availability, contractors, permits, and more. If you are in a rush to move, new construction may not be the best fit.
Before viewing properties or finding a plan you’d like to build, consider your budget. As you make selections on paint, hardware, cabinets, counters, layouts, and more, the price for your new home may change. Consider what is most important to you as you create your new home and stick to that list to avoid sticker shock.
Mistake 3: Getting Caught Up in the Moment
Be sure to consider how your potential new home will adapt to accommodate your needs in the future.
- Are there enough rooms to accommodate changes in your family’s size?
- Is the floor plan flexible enough to meet your family’s changing needs (entertaining, office, etc.)?
- If you plan to stay in your new home long term, do its features allow you to age in place comfortably and safely?
- Will adding additional landscaping upfront save time and mess later?
- Are there community restrictions should you want to do an addition, make exterior siding or paint changes, or put in a fence, pool, or shed?
Mistake 4: Rushing Through Final Details
Contrary to popular belief, new construction does not equal perfect construction! A final walk-through to uncover “punch list” items should be part of every new construction purchase process. Errors happen and you want to be upfront with things that need to be corrected by the builder before closing and moving in. Your agent should have a keen eye for common mistakes and potential problems. From incorrect paint and damage incurred during the build to improper insulation and loose wiring, you want everything to be repaired or resolved before moving in.