Step 4. Inspections
When you buy a New Home, there are different types of inspections you should do.
If you are buying an inventory home, you should have an independent home inspection, at your cost, performed by an inspector of your choice. Preferably someone with a background in home construction. This will encompass all of the home and it's many components.
If you are building from scratch, you should have a "phase inspection", this is conducted just like it's called, in different phases of construction. Such as the slab, framing, trades (electrical, plumbing, HVAC etc), insulation and drywall, well you get the idea, a lot of phases. How many times you have the inspector come out, is contracted with the inspection company, and can be pricey if you are very though. But you have to remind yourself, that this is probably, the biggest purchase in your life, do you want to trust the builder, or have it checked out, for your peace of mind.
Most builders encourage inspections, but remember, it must be performed by a professional inspector, not by Uncle Bob, or a neighbor, "who knows about houses". If something does come up, you can have it corrected, and you will have a chance to inspect the property again, prior to closing, to make sure all repairs have been completed. This is referred to as the Final Walkthrough.
One more thing, most builders are proud of their work and will provide a warranty on their homes. This can be done with a builder provided warranty for defects in workmanship and backed by a manufacturer's warranty on materials. Or you get a third party warranty such as 2-10, Old Republic and American Home Shield, to name a few. This is more of an insurance product, but since the home is new, the prices are very reasonable. This can be provided by the builder, or you can purchase one yourself.
So, more decisions, this is why buying a New Home is so pressure packed. Remember, keep calm and everything will workout. and a buyers agent can be a big help in keeping things in perspective.