New Home Fever: Dos and Don’ts for a Smart Purchase
The allure of a new home often begins with a leisurely Sunday drive through a promising community. Before you know it, you’re standing in front of a model home, drawn in by the scent of fresh paint and the promise of a bright future. However, building your dream home entails more than just picking out colors and finishes. To ensure a smart and savvy purchase, consider the following dos and don’ts.
Don’t Assume the Sales Center Agent Has Your Back:
The builder’s sales center agent is undoubtedly friendly and eager to assist, but it’s crucial to remember that their priority is securing the highest price for the builder. For your best interests, enlist the help of a buyer’s agent – a real estate professional dedicated to representing you in the home-buying process. They possess invaluable market insights and can negotiate on your behalf, potentially securing a lower price or premium upgrades without inflating your budget.
Remember to introduce your agent during your first meeting with the builder to ensure they have a voice in negotiations.
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Don’t Rely on the Builder’s Inspection Team:
While the prospect of a brand-new home may seem immune to flaws, it’s essential to remember that humans are responsible for its construction, and humans can make mistakes. Don’t relinquish control of the inspection process to the builder. Instead, hire a qualified inspector who can look beyond the surface to identify any potential issues.
In the event of any problems, your buyer’s agent can step in to advocate for your interests. A satisfied agent is more likely to foster a positive builder-client relationship, which can be beneficial in the long run.
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Do Take Advantage of Expertise:
A reliable buyer’s agent offers more than just a tour of model homes and attendance at the closing. They are committed to helping you find a home that aligns with your needs and desires. With a wealth of resources at their disposal, your agent can provide a comprehensive overview of your options, always considering resale value. They can address crucial questions, such as:
- Does the builder have a track record for quality?
- Which upgrades offer the best return on investment?
- How does this neighborhood compare to others in the area?
- Could the property across the street undergo significant development?
Conclusion:
Building your dream home is an exciting endeavor, but it’s crucial to approach it with a discerning eye. By following these dos and don’ts, you’ll be better equipped to navigate the process, ensuring that your new home purchase is a wise and rewarding investment.
