303-915-6815
 Welcome to the COHomeSite.com Blog

2018-11-06 10:47:52
5 Tips When Buying a Newly Constructed Home

The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place.

To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering new construction:

1. Hire an Inspector

Despite the fact that builders must comply with town and city regulations, a home inspector will have your best interests in mind! When buying new construction, you will have between 1-3 inspections, depending on your preference (the foundation inspection, the pre-drywall inspection, and a final inspection).

These inspections are important because the inspector will often notice something that the builder missed. If possible, attend the inspection so that you can ask questions about your new home and make sure the builder fixes any problems found by the inspector.  For a final home inspection, we recommend waiting until 2 months prior to the expiration of your 12 month Builder Warranty (so inspect in month 10) to allow you to request repairs prior to the expiration of your warranty.

2. Maintain good communication with your builder

Starting with the pre-construction meeting (where you will go over all the details of your home with your project manager), establish a line of communication. For example, will the builder email you every Friday with progress updates? If you are an out-of-state buyer, will you receive weekly pictures of the progress via email? Can you call the builder and if so, how often? How often can you visit the site?

3. Look for builder’s incentives

The good thing about buying a new home is that you can add the countertop you need, the mudroom you want, or an extra porch off the back of your home! However, there is always a price for such additions, and they add up quickly!

Some builders offer incentives that can help reduce the amount you spend on your home. Do your homework and see what sort of incentives the builders in your area are offering.

4. Schedule extra time into the process

There are many things that can impact the progress on your home. One of these things is the weather, especially if you are building in the fall and winter. Rain can delay the pouring of a foundation as well as other necessary steps at the beginning of construction, while snow can freeze pipes and slow your timeline.

Most builders already have a one-to-two-week buffer added into their timelines, but if you are also in the process of selling your current home, you must keep that in mind! Nobody wants to be between homes for a couple of weeks.

5. Visit the site often

As we mentioned earlier, be sure to schedule time with your project manager at least once a week to see the progress on your home. It’s easy for someone who is not there all the time to notice little details that the builder may have forgotten or overlooked. Additionally, don’t forget to take pictures! You might need them later to see exactly where that pipe is or where those electrical connections are once they’re covered up with drywall!

Bottom Line

Watching your home come to life is a wonderful experience that can sometimes come with hassles. To avoid some of these headaches, keep these tips in mind!

If you are ready to put your current home on the market and find out what new construction is available in your area, let’s get together to discuss your options!  Call or text us 303-915-0864 or email us today!  Find us on Google+

 
Blog Archive
2019-05-20 11:09:01
Starting the Search for Your Dream Home? Here Are 5 Tips!

2019-04-18 13:04:29
Local 2019 Real Estate Trends (Millennial Buyers)

2019-04-17 15:46:12
Top Outdoor Features That Buyers Are Looking For

2019-04-17 15:45:50
Top Tips For A Summer Ready Home

2019-04-10 17:28:16
Is a Real Estate Investment Still Profitable?

2019-04-08 13:25:45
Your Home’s Spring Maintenance Checklist

2019-03-12 18:11:39
4 Reasons to Buy a Home in the Spring

2019-02-07 13:54:53
The KonMari Method: Helping You Prep Your House For Sale

2019-01-18 13:53:28
What is the Cost of Waiting Until Next Year to Buy?

2019-01-15 11:25:10
Buying a Home Young is the Key to Building Wealth

2018-12-10 12:33:03
What If I Wait A Year to Buy a Home?

2018-12-05 13:09:01
Where Are Interest Rates Headed in 2019?

2018-12-04 12:31:57
The #1 Reason to Not Wait Until Spring to Sell Your House

2018-11-06 10:47:52
5 Tips When Buying a Newly Constructed Home

2018-10-19 08:42:58
20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]

2018-10-08 12:04:11
Join Us for Our 2nd Annual Pumpkin Giveaway!

2018-10-02 09:53:11
Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?

2018-09-25 11:24:11
Where Are Mortgage Interest Rates Headed In 2019?

2018-09-19 12:04:46
Lafayette Front Porch Streetscape Project is underway

2018-09-04 10:35:14
5 Reasons You Should Sell This Fall!

2018-08-22 13:10:54
5 Real Estate Reality TV Myths Explained

2018-08-21 15:27:54
Your Guide To Local Fun: August 2018

2018-08-17 14:52:58
One Huge Difference Between the 2008 Housing Market And Today

2018-08-15 13:49:20
Homes More Affordable Today than 1985-2000

2018-08-10 10:02:32
Buying Is Now 26.3% Cheaper Than Renting in the US

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.