Buying new construction means you get to work with the homebuilders on creating a home that is tailored to you and your needs. This creates a whole different set of concerns that you should keep in mind that may not be as prevalent when you’re buying a previously owned home. Here are some good tips for your new home buying process:
- Check out the builder: Most homebuilders have been in business for years and can guarantee a quality home that meets your needs. However, there are those that don’t. Check the homebuilder’s site, review sites, and state licensing boards. Talk to previous homeowners and see what they’re saying about your homebuilder and their communities. If you want to see what previous Rey Homes’s customers are saying about us, read some of their reviews on our Facebook page.
- Don’t over improve: Angie Hicks, founder of AngiesList.com, says, “You don’t want to price yourself out of the neighborhood with things that no one else has, but you also don’t want to be the only house on the block with linoleum if everyone else has gone hardwood.” Sinking into upgrades and renovations could end up burning off all the equity of your home.
- Understand your floor plan: The floor plan you see may not be exactly what your home will look like. Room measurements might be rounded, outlets may be moved, and specific modifications may need to be done to fit your home accordingly. If you don’t understand floor plans, some homebuilders may offer virtual reality tours of new homes. Rey Homes currently offers Matterport immersive 3D tours of floor plans that can help you better visualize your home, like our Enchant Model seen here.
- Weigh pros and cons: Consider the pros and cons of buying new homes as opposed to a previously owned home. New homes are usually built farther from the city center; will you mind the commute? Consider the time it takes to build a new home and the value of your customizations. On the other hand, new constructions will ensure that your home is exactly tailored to your and your needs, whether that means accommodating a big family, making sure the floors are pet-proof, or ensuring large enough spaces for having friends and family over.
- Take pictures: If you do a walkthrough of your construction, be sure to take pictures for future reference. Having a reference of the space and location of your interiors will come in handy when selecting your furniture, shelves, or even how the lighting plays with your home when considering wall painting. You will also always have the memories of your home’s construction process!
- Ensure financing: One of the first things you should do before buying your new home is go shopping for money. A fraction or two of a percentage point could save you thousands of dollars a year, so it’s extremely important to choose the right mortgage lender. If you wish to find a list of Rey Homes certified lenders, questions to ask and other information you’ll need, visit our Financing section.
- Ask about warranties: Make sure to understand what is covered and what is not covered in your warranty, as well as the total length of your coverage from the time of move-in.
If you wish to begin your new home buying process, contact Rey Homes today to have these and any other questions you may have about your future home answered.