Get the Builder Incentives Without Getting Burned in Quality & Contract
Many buyers are hesitant to purchase new construction because they’re concerned about construction quality, builder reputation, and unfavorable contract terms. Get the best deal by being in the know on how to move forward.
3 Keys To New Home Success
1. Researching the builder
2. Ensure understanding of the contract
3. Due Diligence (beyond a home inspection)
- -
Google & BBB
- -
Agent & Attorney Guidence
- -
Investigate Beyond Home Inspection
Deep Dive
From BBB ratings, to years in business you need to research your builder. Whether a big box or small local builder, you need to gather information from previous buyers, online reviews, and customer service.
Extra Tips
There are so many components to purchasing a new build home. You need to have a plan before you hit the model home and sign on the dotted line
Request a written breakdown of standard features, structural options, and design upgrades before comparing homes
Based on your planned timeframe to stay in the home, check the equity status the home is at when you purchase, and projections for the future
Request a copy of all the possible upgrades avalailable (and pricing) Find out what you have available and at what price.
Ask about the estimated completion date, the builder's permitted extension periods, and what happens if closing is delayed
Before the walls are closed, an independent inspector may be able to evaluate framing, rough plumbing, electrical, and other components that will later be hidden. Your agent should know about access and timing
Obtain the actual warranty booklet, review coverage periods and exclusions, and learn how to submit claims. Coverage varies, so don't assume every issue is covered for the same length of time.
Some selections must be finalized before construction reaches a certain stage. Confirm when decisions are due, whether changes are allowed afterward, and how additional costs are documented
Ask about different elevations and how they are staggered in the neighborhood
