What Do You Need to Consider When Buying New Construction?

Greenville, SC Real Estate Podcast with Dan Hamilton

Today I want to talk about what you need to consider when buying a new construction home.

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What steps should you take and what factors do you need to consider when buying new construction? To help you, I will go over some of these points today. Of course, you can also speak with one of our buyer's agents who can go further in-depth with all of these areas.
You can start by looking at the pros and cons of buying new construction. You may want to consider that new homes are typically built farther from the city center, so you may have a longer commute depending on where you work. You may also have to coax a new lot into existence because it may not have a lawn or trees. Subdivisions can also be very cookie-cutter since they go up quickly. You'll have to decide if you're okay with your home looking similar to your neighbor's as well as if it is okay that you could be in close proximity to your neighbor.
The next thing you need to do is research the neighborhoods and builders. Our buyer's agents know a lot about the neighborhoods and builders because they have worked with them before. They’ve even been invited to get behind-the-scenes looks at what some of the builders can do for our clients. Although they come fully prepared, it doesn't hurt for you to do some research yourself so you know what you're getting into.

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Builder's have a standard floor plan and many times the one you see marketed isn't the standard floor plan with the standard options.

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It also is of great benefit to you to find out what comes standard from the builder and what costs extra. Builders have a standard floor plan and many times the one you see in marketing materials isn't the standard floor plan with the standard options. There could be many extra options that could end up costing a lot of extra money.
Our buyer agents always advise getting an inspection and home warranty. Most builders actually come with some sort of home warranty on them, so you want to know what that is and what it covers. This way you will know if you need an extra warranty on top of that. This can be negotiated with the builder as well. In fact, we negotiate this for our clients because we want them to be protected when they purchase a new construction home.
The final thing to consider is how to close the deal. This is actually what we specialize in; we write the contracts and negotiate price points and add-ins for you.
We are here to help you every step of the way through your home buying process. If you have any additional questions about new construction or buying or selling in general, please feel free to reach out to us. We look forward to speaking with you soon.