One of the main
advantages of a new home is...it's NEW! New homes
have new appliances, new plumbing, new electrical
system, new roof, new heating system, etc. They also
come with a warranty so you shouldn't expect to outlay
money for repair costs anytime soon. Another advantage
is the design process. If you sign a new home contract
early enough in the building process, you can make some,
if not all, of the decisions about the interior and
from the builder
Remember that the agent who is showing you the model
home at “Happy Acres” is working for, and legally
represents the builder. This agent must, by law, look
out for the interests of the builder. This doesn’t
necessarily mean that you’ll be treated unfairly, but
there’s also no assurance that anyone is looking out for
your best interests. You may not ask all the right
questions and might make commitments you’ll later
It doesn’t matter how friendly the
salesperson is, it’s still important that you have a
Buyer’s Agent working on your behalf.
Most Realtors understand new home sales and can offer
advice about the builders and the locations of their
building sites. The will also assist you with the
contracts, just like they would on any other home.
Most builders fully
cooperate with agents because they want to sell their
homes quickly and they know that most people looking for
homes will already be working with a buyer’s agent
anyway. The builder pays the agent a commission for
providing a buyer and there is no additional cost or fee
to the buyer.
The sign at the entrance to “Happy Acres” indicated that
you could have a new home built for as little as
$156,500. The model you’ll be viewing is likely to be
the deluxe unit with the luxury bath, a fully finished
basement, an upgraded kitchen, designer wallpaper, top
grade flooring and beautiful landscaping.
It's important for you to know that your new home will
not have all these options unless you pay for them. You
could spend tens of thousands of dollars more than the
base price for those goodies.
Doesn’t this seem a lot like buying a car? It’s very
much the same. Decide which options you must have and
which ones you could live without. Keep in mind that you
can always make certain improvements after the house is
careful of hidden costs and "Builder Grades"
Just because everything is fresh and clean in your
new home doe
sn’t mean that there won’t be additional
expenses. Landscaping generally isn’t included in the
price of a new home. You’ll need to take care of that
Frequently, the sidewalks and driveway apron aren't
figured into your initial building estimate. These are
things that may need to be completed at additional
expense prior to receiving an occupancy permit.
"Builder grade" and
"construction grade" materials such as roof shingles,
windows, bath fixtures, cabinets, and appliances are a
lower grade, cheaper product. They are less expensive to
the builder and less durable for the homeowner. It's a
good idea to ask questions about the materials that are
being used in your new home.