Going With a New Build? Here’s What You Need To Know
Buying a home is a rewarding yet difficult experience to go through. Buying a home that doesn’t exist yet, however, can pose some issues for new home buyers. To be prepared for purchasing a home that does not exist, we have put together the best advice and facts to help you have the best experience you can!
Builders pay the Agent’s commission! So team up with a real estate agent.
The builder will pay your agent to represent you and to negotiate a better deal for you.
Team up with a Lender on a Mortgage
A fraction or two of a percentage point can save you thousands and thousands of dollars per year.
Research the Builder when Buying New Construction Homes
You will want to find the very best builders before you go out shopping for custom homes. Find communities that you like, builders that make sense, and confirm with your agent all the details.
Make Sure Everything is in Writing
If you are working with a respectable builder there is a good chance they will honor what they say, but they may truly forget some things that have been discussed. So make sure you get everything in writing so both parties can refer back to the promises that were made.
Remember that you a Buying a New House, not the Model Home
The model homes are usually filled with all of the upgrades and amenities so it is important to remember that what you see in your model home is not exactly what you will get in your own home.
Conduct a home inspection on your new build
Mistakes happen and it can be possible that there was a mistake that occurred when building your new construction home.
Look into the Future of Your Neighbourhood
This step is forgotten by most new construction home buyers. Look into what the future of the community will look like. What schools, parks, and trails are or will be in the area. Will this affect your buying decision?
Looking to buy, sell or rent a home?
Contacts us today for help!
Office: 2180 Itabashi Way, Unit 4A Burlington, ON L7M 5A5
Serving: Hamilton, Burlington, Dundas (Ontario, Canada)