There are a lot of questions that go into the home-buying process. In addition to choosing the right location, the right home for your price, and the right agent to help you do it all, there’s much more to consider. For example, do you want to live in an apartment, a two-story, a duplex, a colonial home, or, are you ready to move into a new home construction?

Moving into a home that’s newly built is often not the first thing people think of when buying a house. But, there’s no reason that going that route should be more complicated. Before you decide that you only want to move into something that’s been around a while, don’t ignore the possibility of moving into a new home construction.

Pros:

You’ll Be the First One to Live There

Most houses that have already belonged to other owners have character, yes, but they may also have a lot of things wrong with them. Opting for a new home construction means you’ll be the very first person to live in that house. It’s brand new! No need to worry about paying for renovations.

Your Agent Can Help You Negotiate a Good Deal

Real estate agents don’t only help with homes that are already built. We can also help with new home constructions and can really help you negotiate a good deal for one, too. As your agent, we will work with the builder to make sure this new home construction fits your needs and your budget, and you might come out with a lot more for your money than you expected!

You Can Save A Lot of Money

In addition to being able to negotiate a good deal, you may find that you don’t need a deal in the first place.

Karina Christensen says, “The builder wants to give you an incentive that you cannot refuse. Depending on the market, the inventory costs for the builder to carry can add up very quickly. Most of the time, it’s in the builder’s best interest to sell the house as quickly as possible. Whether this means lowering the price for you or adding in a fancy upgrade, you’d be surprised at how much you can save on a new home construction.”

You Don’t Have To Go It Alone

There is a lot of information to navigate when going with a new home construction. First, you have to choose a builder and a building representative to work with. The representative will explain all the information you need in order to make a decision about buying that home. It’s a lot of stuff to go through, but you don’t have to do it by yourself. Take all the time you need to get your questions answered by your agent, go over contracts, and feel comfortable before you make your decision.

Cons:

The Hunt for Finding the Right Builder Can Take a While

New homes are going up each and every day. There are builders everywhere, and that means some are good and some are not-so-good. Choosing the right builder can take a while, but if you know what you’re looking for, you can reduce the time you take house hunting. Try to find a builder that matches the architectural style you like, in a location you’re looking to live. Also, try to ask people for referrals or check out reviews online.

You Need to Be Very Careful With Your Money (And Your Decision)

The process of buying a new home construction is quite different than buying an already built home. When you sign a purchase agreement for a newly constructed home, most builders require a deposit, or that you pay for any upgrades (that aren’t included) before closing. So, make sure that before you give any money, you are confident about your decision and you’ve read through the details carefully. Otherwise, if you back out before closing, there’s a good chance you’ll lose that money.

Needless to say, there are, of course, a lot more pros to opting for a new home construction than cons. But, it’s up to you to weigh your options and see what makes more sense for you.

Need some help coming to your conclusion? Then contact the Denver Luxe Team today and we can help you come to a decision that’s best for your peace of mind and for your wallet.

E-mail: Karina@denverluxeteam.com

Phone: 720-440-2640

Author: Hana LaRock