Buying a new home is one of the most exciting events in a person’s life. You will be able to have your home built to your specifications and needs. Everything will be nice and new, with the latest appliances.It is easy to get caught up in the excitement and forget about some of the details. However, it is important to maintain perspective to ensure your investment / home are built correctly, to your specifications and avoid last minute issues or problems. It is common with just about all builders to have minor issues remain unresolved until the last minute and sometimes there are even larger more critical issues. These can ususally be resolved to the buyer’s satisfaction.
I will be working with you during every step of the way in the purchase of your new home. Because I work with builders and have knowledge in the new construction market, I will be able to help answer your questions or direct you toward professional answers. I am always working with your best interests in mind and helping to guide you in your decision making process. Where possible, I will help you avoid potential problems, reduce stress and have a great buying experience.
New Construction Sales are available everywhere. This, in part, is due to the area: it is one of the fastest growing markets in the nation. The Northern Virginia/ Washington Metropolitan areas and surrounding counties continue to grow. Also, this areas surrounding rural counties are very large and offer one of the world’s largest selections of options, features, diversity, and area amenities for your new home.
Always work with a Real Estate Agent.
If you are searching for new construction, always work with a Real Estate agent. Many builders will attempt to steer you away from working with an agent. My services will save you time, money and you will be more likely to get the home you really want by working with me.
Because you may be unfamiliar with the builders and potential communites or areas in which you are searching, you can look to me for guidance in helping to select the county, subdivision and builder. You can rely on me to always give you professional advice.
As with all Real Estate searches, you must first develop a list of your priorities. These priorities will ultimately determine which areas in which we begin our search.
Use the “What is Important Worksheet” that I have provided. Go through each item and write down your requirements for criteria for searches.
I will help you select areas, subdivisions, communities and counties that offer the features that you select.
In some cases, new construction will involve a need for temporary housing. New construction delivery deadlines can slip do to many factors like weather and material availability. So don’t worry, I can help you arrange for short-term housing and storage while your home is being completed.
Sometimes a builder will suggest closing on the date that they agreed to in the contract, even if the house is not 100% complete– and will offer to correct the issues after you have moved in. I, however, recommend that you insist that the house is complete to move in, leaving only the little things on walk-through/punchout outstanding. In any case, an occupancy permit must be issued for the home by the county before you can move in.
I had a case where a builder’s error caused water to get onto a hardwood floor, which warped a large portion of the floor. The builder promised that they would correct the hardwood floor after closing. The couple did not have an agent and decided to go ahead and close. Fast forward to the future- the repair job done by the builder’s subcontractor was sub rate (new flooring was patched in – not all replaced and left big joint cracks in the expensive hardwood floor) and the issue was never correctly repaired. So beware, once the builder, even well known builders, have your money, you lose your leverage.
What Can You Afford.
How much can you afford? You will need to allocate funds for different types of expenses such as moving, storage, temporary housing, deposits and others. These fees are not related to your mortgage. You also will need to determine how much you need to put down and what type of loan you qualify for by working with a mortgage specialist. Most home builders require pre-qualified applicants. So start today and understand all of your requirements.
As you can see, there are plenty of questions (these are just a few) and we can help you every step of the way. If you have any questions or need help in understanding any of the costs or decisions please feel free to contact me.