There are many advantages to buying a new construction home-- everything is brand new, you're the first family to live in it, and you'll often have the option of customizing things inside the house, such as the flooring or fixtures. But buying a new construction home doesn't mean you should just walk into a builder's office and sign a contract. Use the following tips when purchasing a new construction home:
Work with a Real Estate Agent
When purchasing a new construction home, it is essential to have a real estate agent who is working on your behalf. Model homes and community sales offices are often staffed by real estate agents, but those agents are affiliated with the builder. It is in your best interest to find a real estate agent prior to looking at a model home, as some communities have registration policies that require your real estate agent to be present when you tour a model home if you plan to use your own agent for the entire real estate transaction.
Ask Questions when Touring a Model Home
Most model homes are well built and beautifully designed, but they usually are not the builder's base model. As you tour the home, it is important to find out what features and amenities are standard, and which ones are upgrades that cost extra. This will allow you to calculate whether or not the upgrades you want fit into your budget, and you won't be surprised to see that your new home looks different than the model when it is completed.
Shop around for a Mortgage
Most home builders offer financing and mortgage loans, but it is still important to shop around for a loan in order to find out who will offer you the best terms. When purchasing a new construction home, you are not required to secure financing through the builder. In some cases, getting a loan through the builder may be your best option, while in other cases another financial institution may be the better choice.
Get a Home Inspection
Even though every thing in a new construction home is brand new, that doesn't mean that you should skip having a home inspection done. A home inspection will give you the peace of mind of knowing that every thing was constructed properly and all of the appliances work-- if any problems are discovered during the inspection you can ask the builder to make repairs before you move in. Contact a business, such as Parkview Homes, for more information.