Buying A New Construction Home? What You Need to Know

Posted by Greg Smith on Wednesday, January 30th, 2019 at 2:29pm.

Everything To Know About New Construction HomesBuying a new construction home can be stressful for someone who is unprepared for the experience. If you're a home buyer who is considering purchasing a new construction home, these tips can help. Here's what you need to know to ensure that the home you buy is right for your needs.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Location Matters

The beauty of buying a new construction home is that the home buyer can pick the site and build their home in a place that's right for them. When trying to decide which location is best, the home buyer must consider a variety of factors including:
  • Commute to work. Driving from the lot to the work site enables the buyer to determine exactly how much time they will spend in the car on work days.
  • Distance from services and businesses. Some home buyers prioritize proximity to businesses; taking this into consideration when trying to decide where to build a home is important.
  • Proximity to parks and schools. For home buyers who are also parents, a lot's proximity to schools and parks is important for ensuring their child will have access to services.

Choose the Right Construction Professional

Picking the right contractor can be tough for any home improvement project, but for home buyers of new construction homes, selecting the right contractor is critical. When trying to decide which professional should build their home, home buyers often consider the following:

  • Reputation. A good contractor will typically have a name in the community and several previous customers to vouch for their skill.
  • Licensure. Most states require contractors to be licensed in order to build a home, so home buyers must check the contractor's license to ensure their contractor is legitimate.
  • Experience. When vetting potential contractors, it's important for home buyers to find out each contractor's level of experience.
  • Portfolio. A contractor's portfolio will help the home buyer determine whether the contractor's style lines up with their personal preferences.
  • Customer service. Home buyers must meet with each potential contractor to gauge their customer service skills.

Select Custom or Production

Custom homes are homes that are built entirely to the specifications of the home buyer. They often contain hand crafted details like built-in furniture and custom millwork. Custom homes are beautiful and remarkable, and different from all other homes in their neighborhood. Production homes are usually built as a part of a development, surrounded by homes that have similar features. Often, buyers of production homes can choose some of the details about how their house will look, such as cabinets, floors and carpeting. However, home buyers of production homes are not able to control all of the details of the way the home looks and feels.

Additionally, a newer constructed home may be more energy efficient. With newer HVAC systems, homeowners bills might be lower to a more efficient HVAC system and insulation.

Custom homes are typically more expensive than production homes. Home buyers on a budget usually seek out production homes. Buyers who prioritize uniqueness and customization over cost will often seek a custom home.

Contact a Real Estate Professional Near You

Lafayette new home buyers who are considering purchasing a new construction home over a pre-existing home can contact a real estate professional for advice. A good real estate professional can help the home buyer determine whether or not a new construction home is in their budget. In addition, the real estate professional can help the home buyer throughout the home purchasing process. Contact your real estate agent today.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Greg Smith

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