Three Lessons You Need To Know Before You Buy A New Construction Home

Three Lessons You Need To Know Before You Buy A New Construction Home

New Home Buyers Beware

Three Lessons you need to know before you buy a new construction home

Buying a newly built home can be a great experience. You get to pick all of the features, the flooring, the paint, cabinets, everything. It is yours and every option is in your control. 

You then get to watch as an empty space gets dug out, your concrete foundation is poured, the walls are framed, and all the wires, pipes and windows are put in. It's an incredible feeling. Most people will only do this once in their life and so I wanted to share the lessons I've learned so that your incredible feeling doesn't turn into a nightmare.

One of the most important lessons is to not rush in. This should seem like common sense but we as humans are emotionally driven. When we see something we want -- we tend to put our blinders on and go for it. So what I mean don't rush in? You need to understand the magnitude of what you're looking at. The process can take anywhere from six months to two years. It's exciting touring model homes and design centers but you have a long road ahead.

The second lesson is make sure you understand everything BEFORE you sign. Understand what your rights are but also your responsibilities. How easy will it be to make changes to the house a few months from now? What does the warranty cover? How long is the warranty? Can the neighbor build a house just like yours? What is negotiable? What are the options for the house? Is there going to be an HOA? What will the convents be? Is there going to be a school nearby? What else is being built in the area? When is the neighborhood projected to be finished? There is a lot of information you'll want to know. Those questions are just scratching the surface. This will be an area it really pays off to have an experienced Realtor on your side.

The third lesson is be patient. It takes time to build a home. The foundation will have to be prepared and concrete poured. The drainage will need to be installed, the utilities plumbed in, and framing nailed together, just to get the ball rolling. There is also a mix of inspections and sign-offs that will take place as these activities progress. The process could take anywhere from 4 months to more than a year, obviously depending on the complexity, size and location of the home.

If you're interested in buying a new construction home in Colorado Springs, CO call Rob Fountain @ (719) 464-9004 or send an email to rob.fountain@kw.com


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Phone: 719-464-9004
Dated: October 1st 2018
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