” Let’s break down the best way to make sure you feel good about looking into new home construction.”
For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes. Unfortunately, this is turning some buyers away from what may be one of their best options in today’s housing market. As Builder Online says:
“As resale inventory remains limited and the price spread between new and resale homes narrows, new homes are increasingly an attractive value proposition for buyers, with incentives such as rate buydowns a way to help address ongoing affordability challenges.”
So, is there any merit to the myth? Let’s break down the best way to make sure you feel good about looking into new home construction. That way, you’re not missing out on such a great option today.
Choosing the Right Builder
The key to making sure you get a quality newly built home is to choose a good builder. Reputable builders adhere to strict building codes and standards, use advanced construction techniques, and often offer warranties that cover structural issues for several years. That’s why the Mortgage Reports offers this advice:
“When embarking on the journey of buying a new construction home, one of the most important steps is selecting the right builder. This decision can significantly impact the quality and satisfaction you derive from your new home.”
And while you could dig into research about all the builders in your area, there’s an easier option to get the job done: lean on a pro. When you work with a local real estate agent, they already know about the builders and the new home communities under construction in your area.
Beyond that, maybe they’ve even worked with other buyers who opted for a home in one of those neighborhoods. Here are just a few of the things your agent will help you with:
1. The Builder’s Reputation: Your agent will help point you toward builders with strong reputations and positive reviews from previous buyers. Additionally, your agent will make sure the builder is licensed and insured. Membership in professional organizations, such as the National Association of Home Builders (NAHB), is also a good sign of a builder’s commitment to industry standards.
2. Their Model Homes: Your agent will also be able to tell you if the builders have model homes you can tour. And when your agent walks through the model with you, they’ll draw your attention to the little details that matter most. Things like the quality of finishes, layout, and overall feel of the home.
3. Builder Warranties: Your agent will also be able to help you navigate any builder offers or incentives. Reputable builders often provide warranties to cover major structural elements of the home for a significant period of time. This is a testament to their confidence in the quality of their construction.
4. Getting Inspections: Even with new homes, inspections are crucial. Your agent will coordinate the inspections with licensed professionals to ensure the home meets safety and quality standards before you move in.
Agents Are the MVP When You’re Buying a Brand-New Home
Maybe that’s why data shows homebuyers unanimously scored their agents higher than their builders when looking back on their recent purchase:
So, you don’t need to worry that they just don’t make them like they used to. By working with a knowledgeable real estate agent to choose a reputable builder, you can feel confident when buying a newly built home today. As Realtor.com says:
“If you are interested in buying a new construction . . . You need your own real estate agent from the get-go. Even if it seems like plug and play to sign up with the builder’s on-site agent, you’re going to want someone representing your side of the deal.”
Bottom Line
If you’re considering buying a brand-new home, don’t let misconceptions hold you back. Let’s work together to find a home you’ll love and be proud to call your own.
To view original article, visit Keeping Current Matters.
How Low Inventory May Impact the Housing Market This Fall
Considering selling your house? Let’s talk about how you can benefit from the market trends in our area.
The Surging Real Estate Market Continues to Climb
Though there is some evidence that the overall economic recovery may be slowing, the housing market is still gaining momentum.
Two New Surveys Indicate Urban to Suburban Lean
Americans are feeling less enamored with living in a large city and may be longing for the open spaces in suburban and rural areas.
Just Listed! 1884 Belt Street
Check out the latest listing by Donna Variale!
Well maintained, 5 bedroom, 2 bath Expanded Cape!
#brookhamptonrealty
Virtual School Is Changing Homebuyer Needs
With remote learning sweeping the nation this year, organized spaces with room for kids to learn effectively are high on buyer wish lists.
Homebuyer Traffic Is On the Rise
Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. Are you ready to make a move?