buying a new construction home

Reasons to choose a new construction home

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Whether you’re a first time buyer, want to move to a newer property or simply need to upsize or downsize, a new build home is a great option. There are many new construction homes for sale that are ready to move into at just a moment’s notice. These new construction homes often come with great incentives for buyers, offering different promotions and payment plans. 

We have put together reasons to choose a new construction home. Maybe it’s the perfect way to buy for you!  

Move in straight away 

The great thing about a new construction home is there is no waiting for it to be built. It’s already there for you to simply sign the papers and move in! 

Attractive upgrades 

New construction homes are created to be sold quickly, so they are often equipped with attractive upgrades without the extra cost. If you find the home just before completion, you may even be able to tailor these upgrades to what you want. 

Competitive pricing 

These types of spec homes are constructed to be moved into straight away and as builders invest their own money in them, they want to sell them quickly. If they have stood empty for some time, there is a chance you can request a lower price. 

Low maintenance 

New construction homes require very little maintenance. If you move into an older home, you may need to carry out repairs and ongoing maintenance, with a new-build home, you shouldn’t need to carry out this type of work for years. 

Good locations 

New construction homes are usually built in neighbourhoods with many good local amenities. By purchasing one of these homes, you are usually placing yourself in a prime and attractive location.

The list of pros for new construction homes seems endless. If you are looking for a quick purchase that you can move straight into with little work and hassle-free, this is the perfect type of home for you. 

 

5 Top Buying Tips for a New Construction Home

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While there are some similarities with buying an existing property, purchasing a new construction home does have its own unique aspects and challenges. If you’re looking for a modern build in Orange County, for example, you are going to be limited to areas where these homes are being built in the first place. 

1.    Our first advice when thinking of buying a new construction home is to do your research as fully as possible. That’s not just finding out about the industry but also looking in detail at any community you want to move into. 

2.    Having a good level of knowledge and educating yourself, will reduce the chances of things going wrong and will save you money in the long term. We also advise researching the builder, including any subcontractors they may work with. 

3.    Unless you have the money already in the bank, you are going to need to organize a lender for your new property purchase. It’s not a question of settling for the first one you come across and who agrees to lend you a mortgage. It’s down to the best deal you can get. Shop around for a partner who really delivers what you need and be prepared to take your time. 

4.    What comes next once you have chosen your ideal property and community? There now follows the negotiation – what you are going to get for your hard earned or borrowed cash. That’s why it’s always a good idea to have a competent realtor on your side, no matter how great the new construction home looks from the outside. 

5.    Finally, you need to ensure that everything is in writing and that you read those documents carefully and get a lawyer to go through them for you. The last thing you want to find is that you are put at a disadvantage because of some missed or misunderstood small print. 

If you’re looking for a new construction home in Orange County, be certain to check out the Miraval community currently being built in Mesa Verde. Contact us today to find out more. 

 

 

 

 

Don’t Make These Mistakes When Buying a New Construction Home

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Buying a modern house is a big investment and you want to get it right first time. Not only would you like to live in a great community but you also need a new construction home that fits your requirements.  

It’s easy to get caught up with unimportant things when your home is developing right before your eyes. The problem is that you must stay focused and make sure all the relevant boxes are ticked. That includes ensuring you get the right advice and have your new home inspected. 

Do You Need an Estate Agent?

Buying a new construction home makes many people think an estate agent isn’t needed. They depend more on the sales agent without considering their options. A realtor will work for you, not necessarily for their commission, which is why you should always be using one from the get go. 

Carrying Out Research

Any modern house development can look highly attractive from the outside. That shouldn’t prevent you from doing your homework on the builders though – check if any court cases are pending and look at licenses, bonds and sub-contractors to be on the safe side. 

Find Out What You’re Really Buying

Many new construction home companies will add on extras for a premium price – in other words you have to pay if you want certain amenities. Before you sign any contract, you should check what’s included in the price and what isn’t. List everything in detail and do a thorough check. In other words, assume nothing. 

Have an Inspection

Just because it’s a modern house, doesn’t mean you shouldn’t have an inspection. In fact, precisely because it’s a new build you will want to make sure that everything works perfectly. 

Read the Fine Print

Any contract can stretch into many pages and the temptation is to glance over it and sign. Always make sure you read those terms and conditions as closely as possible – any contract is there to protect the builder more than the buyer and you don’t want to put yourself at a disadvantage from day one. 

At Miraval in Mesa Verde, we understand that our customers are looking for the right place to settle down. That’s why we’ve created a beautiful and harmonious community for the more discerning modern house buyer. Contact us to find out more.