Thinking of Buying New Construction? Consider These Critical Points

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Buyers who may not be seeing what they’re hoping to find in the resale market have been asking whether now is a good time to build a new home.

Actually, it is. Now is likely one of the best times to build new construction, as this type of home purchase eliminates the element of competing buyers from the deal.

However, there are some considerations to keep in mind before making the final decision to build. First of all, the newer the home, the longer you should stay in it. So for new construction purchases, you should probably plan on living in the home for quite some time.

This is especially true if you’re buying into a development where other homes are still being produced. Because in this case, buyers planning to move in the next few years will be competing with the builder as they attempt to list their home.

In terms of benefits, though, new construction properties have phenomenal warranties. New construction is, therefore, an especially desirable option for those who may not have emergency funds in place, as these properties are less likely to have major issues anytime soon. 

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The agent present during a new construction open house represents the builder’s best interests, not yours.

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So with bidding wars as common as they have been lately in our market, now is truly a great time to consider purchasing a new construction home. But make sure that when proceeding with this type of deal, you are well represented. Don’t approach a builder without an agent by your side. The agent present during a new construction open house represents the builder’s best interests, not yours.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

Should You Build a New Home in the Triad Area?

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Buying a Triad area home? Search all homes for sale

One question I get every year is: "Should I build a new home?" Knowing whether building is right for you is crucial if you don't want to make any big mistakes when making your move. 

Before starting the building process, know that it is stressful. It doesn't matter how many times you've done it, there will always be 5,000 decisions that need to be made. From the color of the shingles to the type of brick, there are many details that need to be addressed when building a new property.

For many people, the planning required is not a problem. However, problems often arise when people don't take the time to sit down and plan out exactly what they want. You need to have a blueprint and a plan for every single decision you make. Get your preferences on paper and sit down with a quality builder to help you foresee potential roadblocks; this way, you have your expectations set and you're ready for a smooth process.

If you need help walking through every step of the building process, we are here to help. We work with builders every day and have the process mastered. If you think building is the right move for you, give us a call or shoot us a quick email so we can start planning today. We would love to make it a stress-free and rewarding process for you!