Many Arnold Roberts Signature Homes have the goal of buying a home. If they can’t find what they want in the existing market, building a new home may be the answer. New construction is typically a more affordable option than buying an older home. It also provides the perks of owning a home that hasn’t been in use for years, which can include avoiding costly repairs and having the latest in appliance and fixture technology.
Considering the current housing shortage, new construction is on the rise and offers more options for buyers. However, new construction isn’t for everyone. It takes time to build homes, which can be frustrating for buyers with tight deadlines. It can take up to 6.5 months for most builders to complete a new home, and with supply chain slowdowns in effect, the process is taking longer.
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New construction can have hidden costs, like higher property taxes, a lack of customization choices, and shoddy workmanship. Buyers should always have a professional home inspector evaluate a new construction to ensure everything is as expected.
In addition, buyers should be aware that builders often stick to their preferred products and materials in a new construction home. If you want to add items from third-party vendors, your builder will likely require an additional fee.
Finally, a buyer’s agent who is familiar with the new construction process will be invaluable. Without one, you could overpay or overlook important steps in the process, such as negotiating a purchase agreement, conducting the proper inspections, and getting an accurate estimate of closing costs.
