Can I use a Realtor® when building a new home?
Does it typically cost more or less to build new vs buying an existing home?
- It typically costs more to build new than to buy an existing home. Not only do you have the base price of the model you are building, but you may also have lot premiums and upgrade costs. Additionally, once you move in, you have other costs to consider such as window treatments, landscape design and deck or patio costs… just to name a few. Your Realtor® can help make sure you stay within budget when considering a new home purchase.
Can I really build the house any way I would like?
- Each builder has restrictions on how flexible they will be, but generally speaking they are willing to allow you to modify the home to a certain point, so you have as much of a custom experience as possible.
How long does construction typically take?
-Every build and builder is different, but 6-12 months is typical.
When do I start making payments on my new home?
How will I know when it is time to choose things like flooring, paint, fixtures, appliances, etc?
- The salesperson working for the builder will outline a plan for this. The process is different with every builder, but they will have a plan to walk you through. As your Realtor®, we will make sure you understand this process and are comfortable before you sign on the dotted line.
How will I know if the home is being built correctly?
- Every municipality will conduct building inspections throughout the process to ensure the home is being built to code. We would also recommend you work with a private home inspector that is familiar with new construction and can inspect the home throughout the process. Your Realtor® should be able to make a recommendation of an inspector who can monitor and report on the build at appropriate stages.
If I'm not 100% satisfied at the end of the build, what do I do?
What (if any) warranty do I get on a newly constructed home?
-Most new construction homes have a 1 year “fit and finish” warranty, and an additional basement/structure warranty that could range from 5 to 15 years, covering the foundation of the home. The warranty provided will be disclosed to you prior to your contract.