When you are out house hunting you are probably looking at resale homes. At some point you may have experienced the allure of new construction but, probably ruled it out thinking that new construction is far too expensive. Well, I can tell you that this is no longer the case- at least here in The High Desert.
Locally, new construction homes have become more competitive largely because land is more accessible both in quantity and price. So, you can be the first to live in a pristine home—one that’s never been lived in and full of brand-new appliances with new finishes and treatments. Also, you won’t have to worry about making any cosmetic or structural upgrades for years which means more time to enjoy your home.
Buying new construction is slightly different from buying a previously-owned home. Mainly, because you don’t have to deal with a homeowner’s emotional tie to the property which, typically influences the negotiating process. Builders are not like regular sellers and are not emotionally attached to the property. They make decisions based on what is best for their bottom line.
As with buying a previously-owned home, you have to figure out your budget and secure financing before you even begin house hunting. Get pre-approved by a bank or mortgage lender. Decide how much money you want to invest in a new home. And don’t overlook the extras like property taxes, insurance, furniture and window treatments as these can add up quickly.
Remember to use a real estate agent. Since the seller typically pays the commission, it costs a buyer nothing to be represented by a real estate agent and many builders are happy to work with agents. An agent who regularly deals with builders and knows the local communities will provide lots of helpful information.
To learn more about buying new construction, attend our
BUYER WORKSHOP: Saturday, May 4th at 1:00 PM.
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