{"id":2955,"date":"2021-05-14T07:43:41","date_gmt":"2021-05-14T11:43:41","guid":{"rendered":"http:\/\/falconcresthomes.com\/blog\/?p=2955"},"modified":"2021-07-20T14:02:16","modified_gmt":"2021-07-20T18:02:16","slug":"what-are-the-steps-to-buying-a-new-construction-home","status":"publish","type":"post","link":"http:\/\/falconcresthomes.com\/blog\/what-are-the-steps-to-buying-a-new-construction-home\/","title":{"rendered":"What Are The Steps To Buying A New Construction Home?"},"content":{"rendered":"\n
\"steps<\/figure><\/div>\n\n\n\n

Buying a new construction home can seem both exciting and daunting. Browsing locations, assessing your finances, and deciding on personalized finishes are all aspects you need to consider, which can be intimidating. Fortunately, it doesn\u2019t have to be! We simplify the steps to purchasing a new construction home, so read on to help make the process as smooth as possible.<\/p>\n\n\n\n\n\n\n\n

Research Builders and Locations<\/strong><\/h3>\n\n\n\n

Realtors aren\u2019t necessary when buying a new construction home, but they almost always help make the process smoother. Real estate agents can advocate for your interests during the purchasing stage and guide you toward builders and locations that work for you. If you want to be happy in your new home, don\u2019t settle for an area you don\u2019t want to live in just because that\u2019s where a particular builder is developing. Likewise, don\u2019t work with a builder who doesn\u2019t have a proven reputation, even if it\u2019s in your desired location.<\/p>\n\n\n\n

Get Your Financing In Order<\/strong><\/h3>\n\n\n\n

Buying any home requires you to understand your finances and set a realistic budget. For instance, a lender may require you to sell your current property before they\u2019ll pre-approve your new construction home. What\u2019s more, buying a new construction home means you will have to put down a deposit and make payments pre-move. It\u2019s always a good idea to speak with a mortgage broker to figure out precisely what you can afford.<\/p>\n\n\n\n

Figure Out Your In-Between Living Situation<\/strong><\/h3>\n\n\n\n

Building a house tends to come with some delays. If you\u2019ve already sold your home, delays can cause significant issues. That\u2019s why you should always plan to have an in-between living situation like a short-term rental agreement or staying with family and renting a storage locker for your belongings. <\/p>\n\n\n\n

Find out What\u2019s Included<\/strong><\/h3>\n\n\n\n

Asking many questions during the pre-construction process is crucial to understanding what\u2019s included in your new home. For example, all new construction homes come with standard features but many of the model homes show the upgraded features that cost extra. So, it\u2019s always important to find out which features are included and which features you need to pay for. You should also find out the estimated closing costs, the expected timeline, and if things like landscaping are extra. Getting your questions answered will provide a sense of clarity and help you stick to your budget.<\/p>\n\n\n\n

Decide on your Finishes and Features<\/strong><\/h3>\n\n\n\n

It\u2019s time to make many exciting decisions such as aesthetic finishes, kitchen design, and smart home features. Remember, the decisions you make will have a significant impact on the look and utility of your new house and its final purchase price and future sale price. Don\u2019t be afraid to work closely with your builder\u2019s design expert or team – ask questions and be open to their advice.<\/p>\n\n\n\n

Inspect Your New Home<\/strong><\/h3>\n\n\n\n

A pre-delivery inspection (PDI) is one of your first opportunities to tour your new, completed home. Your builder will guide you through the inspection and may demonstrate how to use your new home\u2019s systems including the ventilation, plumbing, and heating.\u200b<\/p>\n\n\n\n

If there are damages or something is missing or incomplete, it should be noted on the builder\u2019s PDI form to confirm that these conditions existed before you moved in. It will also give the builder a chance to resolve any issues before your move-in date. Once the inspection is finished, you will be asked to sign the PDI Form.<\/p>\n\n\n\n

Sign and Review the Warranty Documents<\/strong><\/h3>\n\n\n\n

Warranties play a significant role in the new construction home process. As a buyer, you should know which warranty your builder provides you – implied warranty or express warranty. Implied warranties use vague language and can cover workmanship defects that can impact the safety and livability of your home. An express warranty has clear guidelines and defines the builder\u2019s responsibilities and the length of the warranty. It\u2019s always a good idea to ask as many questions as needed from the builder sales agents. <\/p>\n\n\n\n

Buying a new construction home has so many perks! Houses are built to code, they won\u2019t need significant repairs for years to come, and you get to customize them to your liking. Although the process can be stressful, we hope following the above tips help you move into your beautiful, new construction home without issue. For more great real estate tips, visit our blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a new construction home can seem both exciting and daunting. Browsing locations, assessing your finances, and deciding on personalized finishes are all aspects you need to consider, which can be intimidating. Fortunately, it doesn\u2019t have to be! We simplify the steps to purchasing a new construction home, so read on to help make the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,55],"tags":[915,916,917,202],"_links":{"self":[{"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/posts\/2955"}],"collection":[{"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/comments?post=2955"}],"version-history":[{"count":3,"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/posts\/2955\/revisions"}],"predecessor-version":[{"id":3048,"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/posts\/2955\/revisions\/3048"}],"wp:attachment":[{"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/media?parent=2955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/categories?post=2955"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/falconcresthomes.com\/blog\/wp-json\/wp\/v2\/tags?post=2955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}