Are you thinking about getting in in a new construction home with all the bells and whistles? 10 questions you need to ask the sales representative before you get too excited and sign a contract. And above everything else, be sure to have your own representation, because an agent, at the builder’s job, is to protect the seller and get them the best terms and price. So, questions to ask the builder.
- How long has the builder been in business and building in the area? You want to ensure you’re working with a reputable builder who knows your market. Who’s knowledgeable about the local area and market conditions.
- Can the builder provide three references of past clients? You want to know how the builder handles repairs and meets deadlines.
- What are the standard and upgrade finishes? Make sure to receive an itemized list of the upgrade finishes, so you know what’s standard and what’s an upgrade. Remember, those model homes all have bells and whistles to make you want to buy them. But most of that fancy, shiny stuff will be added to the price tag of the home.
- What is the timeline for each of the building phases? For example, the days it will take to lay the foundation and complete the framing of the house.
- Can you have a four-point inspection of the property? Four-point inspections are shorter evaluations that focus on four key areas of the home. Electrical system, plumbing, roof, and the HVAC system. And that can be costly. But you can hire licensed, independent contractors or inspectors to double check the builder’s quality of work during key phases of the construction process. Most builders welcome it because it helps affirm the quality of their work and protect them.
- What warranties are provided with the house? Typically, the builder offers a one-year warranty with the purchase and new clients’ warranties, but there are extended warranties for things like construction, windows, foundation, etc.
- Landscape included in the front or the back?
- What is the size of a lot? Make sure it’s included in the purchase price, or is there a lot premium?
- Does the builder offer any incentives with purchasing the property? Sometimes, builders will give you a closing cost credit, and if you use their preferred lender, they will give you even more closing cost credit. But again, be careful, as the mortgage brokers also wanting to keep the builder happy. So make sure there’s no conflict of interests.
- Is the builder aware of any major developments planned at this time or in the next five years near the property? For example, plans for a cemetery to be built in the back of the home. I hope these tips help you.
Be sure to reach out to us if you’re thinking about buying new construction. Don’t forget the agent at that office is there to protect and negotiate on the behalf of the seller, the builder, and you want someone in your corner too. It doesn’t cost you more money, and you most likely may end up actually paying more without proper representation.