Though many aren’t aware, there are eight things you should be doing before you move into a new construction home you’ve purchased:
- Choose the developer first. Before you pick the builder for your new home, talk to your friends, neighbors, and community members, and also check online for reviews. Get to know the builder before you form a relationship with them.
- Be “add-on” aware. Adding features to the home will drive up the price of your purchase. This includes features like upgraded flooring, granite countertops, additional bathrooms, finished basements, and so on. Your agent should be able to give you advice about how each add-on will affect your home’s value down the road.
- Stay involved with the building process. Be sure to keep in consistent contact with the contractor and schedule regular meetings so that you can stay up to date on the progress of your home.
- Learn your neighborhood. Partner with an agent who knows the area, and also be sure to reach out to your future neighbors. Knowing where your lot is with respect to schools, your job, and other hubs will be very helpful.
- Be flexible. Deadlines need to be flexible; contractors’ timelines change frequently and issues are bound to occur when building a new home, so make sure you have a back-up plan in case your old home sells before your new home is completed. If you have a great agent, they should be there to help guide you through the process.
- Plan a walkthrough. Don’t feel like you’re pestering the builder—this is a big purchase, and you need to make sure that everything is going according to plan. Ask your agent for tips about what to look for during these walkthroughs. Additionally, the contractor should give you a rundown of where things are and how they work.
- Inspect the home before you close on it. Often, the builder’s representative and the general contractor will assure you that you don’t need an inspection since you have a warranty, but why take possession of something that wasn’t 100% right? Have an inspection done to have them fix any issues before you take ownership of the home.
- Look into new home warranties. Many home warranties last for a year, but what if issues occur past that point? It might be a good idea to look into the cost of adding a new home warranty on top of your existing warranty. If it only costs you $75 to replace your air conditioning system after two years, that’s definitely a lot better than $7,000.
If you have any questions or concerns regarding your new construction build, please reach out to us. We’d love to help you out.