Cherry Creek Mortgage
Mortgage News 04 September 2018

Tips for Buying New From a Builder

Some people prefer when they’re buying a home to have something completely new that is their own. If this is the case for you, maybe you’re considering buying a recently constructed home from a builder. Although, when doing so there are a few things to keep in mind. Read some of our tips for when it comes to buying from a builder.

 

There are some important questions to ask when viewing a newly constructed home with the builder. The first of those is to inquire which of the features are standard. It’s likely that they are showing you the best of all the homes, so they may expect to get a better price from you for that reason, but if some of the features are in each of the homes, why should you pay more for it?

 

Following this, you should find out the builders long-term goals for the community. Maybe you’ll want to find a different area to buy in if they plan to build numerous subdivisions within the community. Additionally related to the home construction, you’ll want to find out the builders policy on warranties. With new construction often they may offer a one year workmanship warranty and a 10-year structural warranty, but it’s important to find this out from the beginning.

 

Lastly, consider asking about being put in touch with a past client. This can give you an idea on how the building will age over time. Overall, having your realtor communicate with the builder will be helpful, so contact them today.