Here's what you need to know when considering a newly constructed home.
1. What kind of new construction home do you want?
You can buy a brand-new home in one of three ways: buying a house already built on spec; having a semi-custom home built as part of a development (you can choose from a set palette of finishes and upgrades); or having a purely custom home designed and built to your specifications.
2. Research your builders and neighbors.
When buying in a new subdivision, consider working with a buyer's agent who knows the area well, can set up home tours and walk you through the closing process. Your agent will also have knowledge and references on home builders in your area.
3. Know what's standard and what will cost extra.
Get a feature sheet on the line of homes you're interested in and read them very carefully, then compare feature to feature. Find out what comes with the base home price.
4. Get an Inspection and Home Warranty
Once you decide to buy a new home, make your sales contract contingent on a final home inspection by a professional you hire. ALWAYS protect yourself with warranties.