Purchasing Your Dream Home - Some Vital Tips To Keep In Mind

Written by Posted On Thursday, 07 May 2015 00:36

Are you someone who has been nurturing the dream of buying a new home for yourself and your family? If answered yes, you must be aware of the fact that buying a new house is perhaps the biggest responsibility on your shoulders. When you buy a new house, you have to be face-to-face with different complicated issues which you might not have faced if you bought a pre-owned home. In that case you would have access to more information of the building system and the materials. However, it is sad to note that the unknowns lurk and wonder how the neighborhood will look like.Build a new home will mean following some vital tips to strike the best deal. Here are some points that you should check out.

1.    Getting personalized features is easier: You will definitely love the house, except for the carpet in the den and the wallpaper in the powder room. When you buy a new home, you can easily be able to persuade the builder in order to change a few things before you move into the new home. On the other hand, if you purchase an existing home, the alterations that are to be negotiated with the seller can often get uncomfortable. Hence, this is one of the first tips that you should keep in mind before purchasing a new home.
2.    You may have more financing options: There are a number of builders who work with banks and due to this you can easily get financing options. Nevertheless you should still try to get pre-qualified with a home loan lender before you start shopping for your home. Make sure that you weight all your options and you can also try to offer the builder financing to strike a better deal with your lender. Builders won’t need you to use their banks and you should remember that financing arranged by your builder will certainly be a better deal. You can check out builders like Kolter Homes if you’re new in the market.

3.    You’re still in the buyer’s market: Shoppers are used to being there in the driver’s seat when you want to know the price on a previously owned home. But this market will help them get a perfect deal when you buy a new home. There is too much price pressure on the builders and you can easily get a better price on a new home as the prices have been pretty low these years. So, if you’re eager to save your dollars, you may opt for a new home.
4.    Read your warranty: A warranty usually means that the builder will get back to you in order to fix your problems but this kind of service won’t be available in an existing home. You got to find out what the warranty covers and the remedies that are valid.

Hence, if you’re in the market to get yourself a new home, you should take into account the above mentioned tips. Make sure you get pre-approved for a home loan before you shop for a home.

Author-bio: Lauren Taylor Drew is an expert in the real estate industry and also manages a number of blogs that deal with various topics related to the home and the current industry. Some topics covered by Lauren Taylor are the current mortgage rates, the steps that need to be taken by the homebuyers to get the best deal and many more.

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Ashley Mills

This is Ashley a blogger and independent freelance journalist. Working as an independent media consultant since 2006. I've contributed a lot of news articles, ideas, inventions and more on various online weblogs.


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