It's Paul Bey, and I am your Certified New Homes Co-Broker. I personally created a list of things you need to know when buying a new construction home. Today, most home buying advice is given to people looking to buy resale homes. I wanted to make sure you have the information you need when you start your new construction home purchase.

          1st and foremost, use the expertise of a Realtor. An agent who regularly deals with builders and knows the local communities will provide lots of helpful information. Keep in mind, the salesperson at the model homes represents the builder. Please, make sure you let your Realtor know that you are interested in a new development prior to going to see the model homes, so your agent can register you with the new home builder. This allows the agent to represent you through the entire new construction buying process. 

          2nd, Check out the builder. Many home builders have been in the business for years and produce a quality product. Unfortunately, there may be a few bad apples in the bunch! Check client reviews and ask your Realtor for information on preferred home builders in your area!

          3rd, Get a home inspection. Even though your home will be newly constructed, keep in mind there can be some flaws! You can hire an inspector independent of the builder. A good home inspector can help identify if there are any problems before a builder's warranty expires.

          4th, Builder Warranty. Warranties may vary with each builder. Builders will typically provide a 1-2 year “fit and finish” warranty, and a 10-year structural warranty. Make sure you read and understand the builder’s warranty, and what process you need to follow to get something fixed.

         5th, What you see may not be what you get. A model home may feature upgraded finishes, appliances, and structural options that do not come standard at the advertised price. Customization can always be a fun part of choosing your new construction home but keep in mind you want to choose upgrades that are comparable to those of your neighbors in the event that you decide to resell your home in the future.

         6th, Understand your floor plan. The average person does not understand "floor plans" and measurements of floor plans. Many builders offer virtual reality technology that lets you see what's going to be built, but a better option is to visit a home with the floor plan you want, even if it's still under construction or in a different community.

         7th, Understand the money. Budget Budget Budget! Make sure lot premiums and upgrades are included in your budget. New developments are likely to have HOA fees.  Most importantly, understand your closing costs! 

         8th, Make sure you have a great lender. Many builders will offer buyers credits for using their preferred lenders. Know your options by receiving quotes from additional lenders, and then decide which is the best option for you. New Home Builders may have great incentives for using their lenders such as; waiving premium lot fees, money off of closing, upgrade incentives and more! 

         9th, Be flexible. Due to the nature of the home-building industry, closing dates are not always set in stone. Few factors can delay new construction: availability of trades and materials, weather, permits, inspections, and any last-minute design changes that you may want to make. Stay engaged throughout the process! 

         Last but not least 10th, Community may not be complete. In some cases, you may be your first and only neighbor! New communities take time to develop and often times you may be living amongst contractors and   workers who are building your neighbors homes. It will be a new and exciting process to be one of the first who establish your new community!

I'm excited to help you in your new construction home purchase.  If you have any questions, contact me ASAP!