Nearly one year ago, this photo was taken on my Buyer's new construction. In less than seven days, I hope to be posting "Sold," and the buyers will be moving into their new home shortly thereafter. When a Buyer decides to build (which in this case, took place more than nine months before you see the building in progress), there are a lot of pieces to the building puzzle.
From the decision to buy, the location of where it will be built, permits, planning and zoning, easements, utilities, electricity, gas, water, sewage, foundation, to every single component such as pieces of wood, bricks, screws, and mortar, including all that is involved in sheetrock, wiring, lights, heat, air conditioning, the roof, windows, doors, pouring concrete for the foundation, building the chimney, insulation, choosing a fireplace and mantle, to selecting the flooring, cabinets, closets, shelving, kitchen cabinets, countertops, appliances, tankless water heaters, painting, landscaping, and making adjustments or changing orders, waiting to move in takes a lot of patience and understanding.
In new construction, every single detail counts. The issues that need to be dealt with include permits, city ordinances, inspections, supply issues, and of course weather permitting. Other considerations are how will this be financed and does the buyer have the discipline to save and not overspend from the beginning to the end to get their loan approved by either the Builder's Lender or another Lender on time before closing?
Closing day is always as exciting as it is nerve wrecking. If the buyers must sell their own home first, can anyone predict what their buyers will do when there is a contingency, and the Builder does not make exceptions for contingencies? Lining up movers in advance when you cannot predict the weather, and making financial allowances for things the builder does not include, such as blinds is always something to think about.
More importantly, if this is your dream, will it cost more to wait to build when there is inflation and factors unknown in regards to supplies and the economy? It all boils down to risks and rewards and figuring out, was it worth it?
To be continued..... Patricia Feager