Top Factors to Consider When Buying a New House
Did you know that most people can expect to own three homes during their lifetimes? If you are in your second home and are looking for your third and last forever home, a custom build might be for you.
Having a forever home that matches your lifestyle and personality is a dream for many, but often not an affordable option until later in life. Now is the time to start looking for your own custom-built home.
Read on to learn the factors to consider when buying a new house.
When buying a new house, whether it is a new build or not, you should find a lender for a mortgage. Shopping for money early on is important because finding the right lender can take time.
It is recommended to ask at least five different lenders for rates to get a good idea of your options.
Real Estate Agent
When you buy a new house, you’ll want to find an agent that will represent you. Luckily, builders pay the agent’s commission for you so this is one charge you don’t have to worry about.
After choosing a real estate agent, they can help you figure out what to look for in your new home.
An agent can help you research builders in the area you want to live in. Before shopping for custom homes, you’ll want to have some research completed.
A Google search is the best place to start. Although research can take up a lot of time, knowing all of the information will be worth it in the end.
When you find a builder or multiple, don’t be afraid to ask them any questions you have. You can also get an idea of what to expect from a new development during this phase of the house buying process.
For instance, you can lead about custom home design trends and check a company’s past work.
Get Everything in Writing
A respectable builder will always honor what they say, but one of the best house buying tips is to get everything in writing no matter what. A builder might forget their promises or try to change something mid-build.
An experienced realtor will work to negotiate the best deal possible. They will also make sure everything is in writing and signed on time.
When looking into how to buy a new house, getting a new construction home guarantee is important. You’re not always buying something that exists yet so a guaranteed completion date and warranty is essential.
In any house buying guide, you’ll learn that asking for a home inspection is important. A common misconception for a new home build is that you don’t need a home inspection.
An inspector might find something that the builders missed that could lead to problems down the road. Once the home is built, you’ll want the work to be reviewed with care.
Buying a New House Made Easy
Buying a new house is a huge investment, but buying a home that does not yet exist can be a risk. If you miss a step in the process, you could be dealing with problems and high costs.
When you follow the advice in this guide, you’ll be equipped with the right team and knowledge to make a solid purchase.
At New Legacy Homes, we have all of the necessary tools to build the best home for you. Contact us today to learn more.