If you are considering buying a new construction home, you should understand that it is quite different than buying an existing home. Here are some helpful tips to make the decision and process a little easier.
New Build versus Existing Home
The first tip is to determine whether new construction is what you really want. Ask yourself the following:
Do you want to be able to fully customize your new home?
Are you concerned at all about resale value?
Can you wait for a new home to be built?
Would you prefer to live in an established neighborhood or a new one?
How important are energy efficiency or smart technology to you?
Those seeking the ability to customize a home with maximum energy efficiency in a new or developing neighborhood are likely better candidates for new construction homes. Those seeking a more immediate move to a developed neighborhood who don’t mind renovation are likely better candidates for existing homes.
Become Familiar with the Process of New Construction
If you choose to build a new home, it is a good idea to understand at least the basics of the process involved in construction. Some of the steps you can expect include site preparation, pouring foundation, framing, installing electrical, and inspections. Do some research or ask your builder for more specifics.
Understand How New Construction Loans Work
Financing a new build home is much different than for an existing home. Make sure you understand those differences and that you choose a lender familiar with new construction.
Choose the Right Home Builder
You want to be sure you choose a home builder you can trust and rely on. Before making your choice, make a list of all potential candidates. Then, research those builders via browsing the internet, talking to prior clients, and looking at other homes they have built.
Find the Right Location
Another major decision when building a new home is where to build it. There are typically a few options for new build construction. You can build either within a new construction development or you can purchase a piece of land to build on.
If you are considering a new construction home in Dripping Springs, Texas, look to the award winning team at Zbranek and Holt.