When you considering buying a newly constructed or pre-construction home, there are many uncertainties. The most important thing you can do to protect yourself is to make sure that you are working with a reputable builder – if you are in the Dallas/Ft. Worth area you can check out some Grand Homes Reviews to help you gather information. Beyond that, here are some things to know as you consider buying a newly built or pre-construction home.
Be Aware that the Model Home is Just a Model
Often times, you may be making the decision to buy on the basis of floor plans and computer renderings. When you actually have a model home to look at, it is easier to imagine how your home will look. But be aware the model homes are just that –models! They have been furnished by professionals and moreover have been “staged” to look picture perfect – they may even be furnished with slightly smaller furniture than normal to give the appearance of larger, more spacious rooms. Lighting conditions may be different in the home that you are considering buying. Do your best to keep your feet on the ground as you tour a model home.
Past Construction is a Good Indicator of Current Construction
It is always a good idea to check out other projects by the same developer – if you are interested in the latest phase of a particular development, be sure to take a careful look at earlier phases. Take a drive around the neighborhood, note how complete it looks, how populated, and how established. Keep an eye out for “for sale” signs, and take advantage of open houses to see what your future home might look like.
Be Clear About What Is Included and What is Extra
Especially if you are viewing a model home, make sure that you ask the rep whether the finishings and details you see in the home are standard or if they are considered to be “upgrades.” Be sure that you know the cost of any upgrades that you are considering – and be aware you could do some of those upgrades yourself down the line a bit. You might find that you get greater returns on your dollar if you go for extra square footage rather than upgraded counter-tops.
Understand the Terms
Sometimes, projects are delayed for reasons that have nothing to do with the developer, life freak storms, accidents or other “acts of God.” Sometimes they can be behind schedule for more mundane reasons. Either way, be sure you understand what happens if your new home is not ready on schedule. You should also be very clear about what happens if a home inspection upon completion reveals problems with your new home. Always, read the fine print, and make sure you do a walk-through of your new home to confirm that the house is being delivered according to the terms of your contract.
Buying a brand new home can be a heady and exciting experience – make sure that you have done your research, and that you are working with reliable professionals to ensure that everything turns out as you expect.