If you’ve been thinking of a new home, and by new I mean really, really (construction) new, there are definitely some things that are totally different from purchasing a pre-existing home. Here are a few things to think about before you make the new construction decision!
#1: You probably won’t be able to negotiate the price. Builders factor many things into their price and with new construction, what it is ~ is ~what it is! You may be able to negotiate a few upgrades, but don’t quote me on this one!
#2: The price you start at most likely won’t be the price you end at. During the construction process, things change. Like you decide that you want hardwood throughout the house, not just in the living room. Or you found lighting that you can’t live without, but it’s higher than the budgeted amount!
#3: Your home is not going to look like the model! White couches, no clutter, perfectly placed knick knacks are not realistic. Don’t worry, you’ll love your home with YOUR things in it as well!
#4: Expect delays. When the builder tells you 4 months from start to finish, plan for your home to be ready in 6 months. That way, if it’s earlier, you’ll be delighted, if it’s later, you’ll be resigned!
#5: Even though everything is brand new, it may not all be perfect. Mistakes can (read “will”) be made. But the builder will go over things with you and create a punch list ~ items to be tweaked and fixed ~ and they should also offer you a warranty. Before you sign anything, ask about their warranty, if it’s not at least one year, find another builder.
