new constuction: 5 steps to buying a New Construction Home Step 2
- 05/13/15 03:07 AM
Step 2 Don't do it on your own. If you have a buyers agent to represent you, the agent can do a lot of your legwork before you even look at a model home. They can research the new home developments in your price range and consider the distance to your work, schools, local entertainment and places of worship. Check on the HOA, deed restrictions, and find out when the Association will be released by the developer. Check out the different lots being offered, the lot premiums and most importantly, the location of the individual lots, not just the dot on a map. And now a cautionary (0 comments)
Now that you have your financing in place, it's time to make a decision. What type of new home do you want to pursue. There are three types of new construction, Custom, Semi Custom and Spec. Custom is when you buy a lot, find a builder and get your true dream home. This is a special type of project, not for the faint of heart, and is better left for a blog or two, all by itself. Spec is a home in a subdivision, which is built by a builder, with many of the most desirable features already added to the home. (0 comments)