08/30/2023
Brand new flooring, updated features, shiny appliances - what’s not to love about buying new construction?
🏡While that new home feel is intoxicating, buying new construction can be tricky without some initial know-how. So you can experience all the pros and none of the pitfalls, here are three mistakes to avoid when purchasing a new construction home.
1. Failing to research the area ahead of time. It’s easy to fall in love with a neighborhood and floor plan before looking into the community before it is built. Ask around to understand what’s happening (or not happening!) in the area that may impact your ideal living ranges or the value of your home down the road. Ex: New hospital, shopping center, school, and entertainment.
2. Not thoroughly vetting your builder/developer. A builder can make or break your experience buying new construction, so make sure you do your research on the builder, representative, and preferred lender. Don’t just take his word for it - Read online reviews of the subdivision they are in charge of, and talk to your agent to see if they know about the company.
3. Waiving the home inspection. Heads up! Newer homes can have just as many problems as older homes, so don't waive the home inspection. It can alert you to things your builder overlooked or didn't properly complete giving you the ability to ask for repairs or finish touchups before your 1 year warranty is up. Also, have 4 years after the build is complete to file a new construction defect under the law in Texas.
Do you have experience buying new construction? What do you wish you would have known beforehand? Share in the comments!