New Construction



Nothing beats the feeling of being the first person to live in a newly-built home. Everything is shiny and untouched.

You can buy a brand-new home in one of three ways: buying a house already built on spec; having a semicustom home built as part of a development (you can choose from a set palette of finishes and upgrades); or having a purely custom home designed and built to your specifications.

If you're considering buying a newly-constructed home, follow these five steps to guide you through the process:



   Get Pre-Approved

As with buying a previously-owned home, you have to figure out your budget and secure financing before you even begin house hunting. Get pre-approved by a bank or mortgage lender. Decide how much money you want to invest in a new home. And don't overlook the extras like property taxes, insurance, furniture, window treatments, landscaping costs and maintenance that can drain your bank account.

   Use a Good Realtor

Most builders have Listing agents that work for them.  Remember, the listing agent works for the builder, not for you.  they're trying to hit a quota, not help you make the right decision for you and your family.  

If you have your own agent, tell him/her up front that you're interested in looking at new homes.  Your agent must accompany you on your first visit to any new subdivision.  

Your agent will be able to help you find the right builder and the right location for your needs and circumstances.


   Know What's Standard and What's Extra

Amenities are features that benefit the entire community like a clubhouse, health and fitness center or a gated entrance. Upgrades refer to added features or items you pay extra for to enhance your home, like certain types of flooring or appliances.

   
Get a Home Warranty


Protect yourself with warranties. All new homes come with an implied warranty from the builder stipulating that any major defect of the structural integrity of the home must be repaired. Ask for a builder's warranty for a period of time following move-in (a year, for example) that covers any defects in craftsmanship. Preferably, this warranty should be backed by insurance.

   Close the Deal


Builders often have in-house mortgage lenders or ties to an outside lender. New homebuyers can use the builder's lenders or find their own financing. Ask your agent for information on special funding programs available for first-time buyers. Contact at least two lenders and compare terms, fees, rates and points.


Contact the Randy Jones Team For More information



Cell Phone: 801-362-1409
email: [email protected]