For many people buying a freshly built home is a dream. It’s a fresh new canvas for the owner to make into their own home. However, without the right guidance, this dream can quickly turn into a nightmare. So, here are the top things to know when buying new-construction homes.
How Good is the Build Quality?
One of the most important things a prospective homebuyer should look at with a new-construction home is the build quality. Construction is a costly business, and some builders cut corners on materials or labor. As a result, homebuyers should get a copy of the plans to double-check that everything is as promised with the home.
Also, checking the foundation should be the primary task since any ground problems can be expensive and difficult to fix. Outdoor walkways and driveways should be evaluated for cracks, which might be a warning sign of poor quality.
How Respectable is the Builder?
A builder’s reputation can give potential homebuyers an idea of what type of home they are buying. In these days of online reviews, Facebook, and other social media platforms, finding out what past buyers say about the builder is surprisingly easy. Additionally, a builder or listing agent often have references or testimonials from past buyers.
A builder with a reputation for taking shortcuts of using substandard materials — or not paying suppliers or workers on time — will likely have bad online reviews. Furthermore, many buyers walk the neighborhood and speak to current residents in the development, asking about their experience.
Also, ask about the people behind the building project, such as architects, engineers, and subcontractors. With this information, buyers can check past performance or issues when deciding to buy the home.
What Design Elements and Upgrades Are Available?
Frequently, new-construction homes have an option to swap out or change certain design elements before they are built or installed. These upgrades can be an interesting option for homebuyers. However, watch the budget because customization can quickly lead to a higher home price.
For example, installing a kitchen island is much easier to do before moving in. Similarly, cabinets and storage, flooring and tiles, and certain electrical work like extra lighting can be done easily by a builder during construction. However, buyers should be aware that not all upgrades are worth the additional expense.
Is There a Warranty?
One of the biggest reasons buyers purchase newly built homes is that it should be a while before repairs are necessary. However, because some new-construction homes are often built quickly, occasionally issues occur. Buyers should ensure that they have a warranty and find out precisely what is covered — and for how long.
A home can pass inspection, and yet issues with creaking floorboards, landscaping, and poor or defective materials can come to the surface after some time has passed. Homeowners should make sure these are covered while feeling confident that the builder will be around to perform the work should defects arise.
The Value of an Experienced Real Estate Agent
One way to avoid common problems with new-construction homes is to work with an experienced real estate agent who understands the process and common issues that arise.
A real estate agent can negotiate on your behalf and even draw up a list of items that need attention. Additionally, an agent can iron out details of the structural and mechanical warranty, making sure the homeowner is protected in the event of problems.
Marimark Realty
Marimark Realty, home to the top South Tampa realtors, focuses on providing a personalized experience for buyers and sellers of real estate. As a full-service real estate agency, we help clients with luxury homes, homes for first-time homebuyers, commercial property, and investment property.
To begin the journey of purchasing or selling your home, or purchasing commercial or investment properties, contact us at your earliest convenience.