When thinking about buying a house, many will lean in favor of a new build.
The advantages are obvious:
The ability to build «for yourself» by choosing a house plan that meets the needs of your family. A big plus is that many large builders usually give a warranty for their work — you can usually expect — 10 years for structural, 2 years for electrical and plumbing, and 1 year for cosmetic defects.
The main disadvantage is the cost of building: each developer has an initial base price. It is important to figure out what exactly is included in the base price of the home. Having fallen in love with a builder’s model home, potential buyers don’t even know that a covered patio with lake views, wooden floors, and even blinds may not be included in the base price — if built from the ground up. All of these can significantly increase the price of a home.
When buying a new home, think about your plans: do you plan to move in the next 1-3 years?
If the answer is yes, then you need to weigh the pros and cons. Selling a home that was built several years ago is more difficult. If construction is still underway in the community then your 1-3 year-old home will “compete” with new homes on the market.
When building a new house, you will also have to put up with the construction site around your purchased home. Unfinished streets, building materials, noise, workers … I know from experience, but in the end — it’s worth it!
Buying a new home is one of the most significant events in our lives and, perhaps, one of the most expensive investments.
How to get the best price from the builder?
What should you pay attention to when building a house?
What are the pitfalls when working with a builder?
Which developers have a good reputation?
How can you protect my investments?
We will be happy to answer these and other questions and help you at all stages of building/buying a house.