This is a Free No-obligation Service in order to better educate and inform buyers and sellers.
New Homes -- Use of space and style is more customized to you * More Energy Effecient * Choice options and upgrades * Everything is new and modern*
Existing Homes -- On Average, they are less expensive * You know exactly when you are going to take possession * they are often in established neighborhoods* Landscaping is completed already*
There are advantages to both. Most people consider both new and existing homes before they decide to purchase. Should you be thinking about buying a new house, here are some things to consider.
Determine a Price Range -- You'll want to be prepared so that you can determine a comfortable price range for your new home. Your Agent can help you with your homework on this. If you own a home, you'll first need to know what you will get from its sale in order to determine how much cash you'll have to work with. If you're a first time buyer, you'll need to first qualify your income. Determine the size of your down payment, then work out a monthly debt load so you can determine a comfortable price range.
A Builder For All Reasons -- Like all tradesmen, builders vary in their fields of expertise. There are builders who specialize in craftsmanship and others who are known for their innovative use of space. Determine your own specific needs or preferences then shop around for a builder that will best address your requirements.
Choosing Options and Upgrades --The less expensive the base price of the house is, the more options and upgrades you can add without fear of overpricing. These features can add the most to the resale value of your home. Upgrading means selecting quality above "builder standard" such as carpeting, detailing, kitchen fixtures and appliances. Remember, you can add a deck, finished basement or landscaping later and sometimes for less money.
Sellers Agents working in the Showhomes. -- The sales agent in the model home represents the builder, not you. As a buyer you can work with a realtor at no additional cost to you at all. It's your realtors business to best represent your needs by being knowledgeable about home construction, warranties, financing, differences in pricing, quality, and lot selection so that you get the best value for your money, and understand fully everything that is involved.
Be Sure the Contract Works in Your Favor! --When signing an agreement with your builder, ensure you protect yourself by having safeguards written into the agreement, such as: Detailing of the upgrades. Allowing access to the construction site to check the progress. A 30 day advance notice of the closing date or more. An explanation of what the fine print means in the warranties of the builder and manufacturer.
Financing - What's Best for You? --Some builders, especially in high-volume communities that place large numbers of loans, can offer special financing packages. However, because "home loan" lending is highly competitive, you have many financing choices other than those being offered by the builder. Shop around for everything.
