Purchasing a new construction home provides a host of benefits, including a potentially lower initial cost of ownership and the chance to be part of a growing community. However, it's important to do your research before making a buying decision. Here are just a few things to keep in mind as you begin your search for a new construction home.
Home Warranty Options
New construction homes typically come with a builder warranty, though what is covered might differ from builder to builder. You'll want to take a close look at any warranty offered before purchasing a new home. However, there may be additional coverage for certain aspects of the home. Roofing materials and siding, for example, may come with their own warranty coverage for a specified length of time. Appliances inside the home may feature warranties covering replacement parts and repair, and some flooring can come with its own separate coverage. Talk to your real estate agent about all the potential coverage materials in your home may have, as well as any warranties for workmanship to help prevent unexpected costs down the road.
Planned Community Growth
Some subdivisions with new construction homes may seem a bit rural or set apart from the nearest city center. Some homebuyers like the idea of being a bit more remote, while others may prefer the convenience of having local stores close by. Take some time to research the planned community growth in the area you want to buy to get a better idea of how much new construction will be going on in the coming years. The local municipality may have information available about planned and potential projects, such as shopping centers and schools, to give you a better idea of how much growth is planned for the community in the future.
Homeowners Association Details
New construction houses can sometimes be planned as part a homeowners association, so it's a good idea to look closely at the HOA and what it covers. In addition to inquiring about the cost, ask about regular maintenance in the area. Some HOAs will take care of lawn maintenance and snow removal, and others may cover the cost of utilities. An HOA with a higher monthly cost may be worth if your monthly gas, water, and trash removal fees are wrapped up in the fee. You'll also want to take a look at any restrictions the HOA places on property owners, such as limits on holiday decorations or how long a car can be parked in the driveway. Going into an HOA with a clear understanding of expectations can help you avoid frustrations in the future.
For more information on a new home construction for sale, contact a company like Real Estate Partners, LLC.Share
10 January 2022
Do you absolutely adore your home, but are planning an upcoming move due to a career change? If you’re moving in the near future, you might desperately desire to sell your current home as soon as possible. To help you accomplish this important task, consider hiring an experienced, real estate agent in your community. This individual can help you select the perfect selling price for your house. Your real estate agent can also provide valuable information about staging your home to perfection. For instance, to make your home more inviting, your real estate agent might suggest you purchase new bedding, window treatments, and artwork. On this blog, I hope you will discover how a real estate agent can help you sell your home fast. Enjoy!