13 Things You Need to Know When Building New Construction
Embarking on the journey of building a new home can be both thrilling and challenging. Whether you’re a first-time homebuilder or looking to enhance your construction experience, these 13 essential tips will provide valuable insights. From assessing build quality to navigating the complexities of contracts and final walkthroughs, this comprehensive guide is designed to help you make informed decisions and ensure a successful new home construction project.
Evaluate Build Quality with AC Vent Placement:
Discover a secret tip for gauging your builder’s commitment to construction quality by inspecting the placement of AC vents. Learn how this seemingly small detail can reveal the builder’s dedication to delivering a well-crafted home.
Prioritize Structural Upgrades over Design Center Choices:
Make wise investment decisions by prioritizing structural upgrades over cosmetic selections at the design center. Understand the long-term benefits of focusing on essential elements like additional bedrooms, bathrooms, and unique elevations
Beware of Hidden Costs at the Design Center:
Navigate the potential pitfalls of unexpected expenses at the design center. Understand that the base price of your home may not be the final cost, and be prepared for additional costs associated with design upgrades.
Manage Construction Lag Times Post-2020:
Acknowledge the reality of construction delays in the post-2020 era. Learn to manage expectations and exercise patience as supply chain issues may impact the timely completion of your new home.
Understand Commitment After Contract Signing:
Gain insights into the implications of signing a home construction contract. Understand the commitment involved and weigh the consequences of backing out for various reasons, such as job transfers or changes in interest rates.
Review the Contract with Legal Guidance:
Navigate the complexities of the construction contract by having it reviewed by a legal professional. Ensure a clear understanding of your obligations and rights throughout the home-building process.
Document Promises in Writing:
Protect your interests by documenting any promises made by the builder or sales counselor. Understand the importance of written agreements, especially concerning inclusions and features.
Consider Builder's Lender for Incentives:
Explore the potential advantages of using the builder’s preferred lender, including special incentives. However, Dana recommends shopping around to verify the true cost of these incentives and uncover any hidden fees.
Get a Third-Party Inspection:
Overcome potential resistance from builders and prioritize a third-party inspection. Understand how this additional layer of scrutiny can unveil issues that may go unnoticed until the final walkthrough.
Final Walkthrough: Be Mindful of Unfinished Items:
Approach the final walkthrough with caution, especially regarding incomplete items. Learn to make informed decisions on whether to trust the builder’s assurances or delay closing until all issues are addressed.
Accept Minor Imperfections:
Recognize that minor imperfections are normal in new construction. Gain insights into prioritizing and addressing these issues, ensuring a balance between perfection and practicality.
Maintain Communication and Lists:
Implement a systematic approach to communication with the builder. Keep a running list of items that need attention and follow a schedule to ensure nothing is overlooked in the final stages of construction.
Hire an Experienced Real Estate Agent:
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Conclude with the recommendation to enlist the services of an experienced real estate agent. Understand how an agent, bound by legal obligations to represent your interests, can provide crucial support and alleviate stress during the home-building process.
Conclusion:
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