A new home construction offers you with a lot of possibilities. Form the shiny flooring to the fresh paint, it’s going to be a blank slate that you can make your own without having to deal with any inherited repairs or problems. Or so you think. Here are a few things you need to know when purchasing a new home building to help you avoid expensive repairs and make a smart purchase decision.
Important Questions To Ask When Buying A New Home
Experience and References
Ask the general contractor what previous subdivisions or homes that they have built. Don’t forget to ask for references from previous buyers. Perhaps you found a new home in its early constructions stages or if it’s already been built, you need to talk to recent buyers. Visit one of the properties of the references they’ve provided. Ask the owners if they’re happy with their houses. You’ll definitely know if they’re not pleased with that their homes. Ask what problems they encountered and if they were addressed right away.
A general contractor usually offers a limited warranty on their purchase agreement or sales contract. The kind of work will determine how long: labor and material generally lasts for one year, two years for defects to electrical, plumbing, and heating systems, and 10 years for defects on the structure.
Modifications Before Closing
A new home construction Myrtle Beach lets you choose what you want for your house. Just let your builder know what your plans are. Make sure to see the specifications and itemized bids so you’ll know how much everything will cost and how much you need to pay the builder. Some builders, such as Dawol Homes, already have floor plans from which you can choose from.
Inspection Before Closing
A lender needs a certificate of occupancy for a new home construction before you can get financing. The local building department will issue this document, which is also referred to as an occupancy permit, when it verifies that the custom home builder has completed the wiring, heating, plumbing, as well as other specifications of the house correctly. Aside from that, you should also have a home inspector review the property before closing so that the builder can address problems, if there are any.
Can you back out of the contract if you’re dissatisfied?
You should ask this question before you sign any contract. You can renegotiate or back out if the real estate deal doesn’t involve a new build purchase agreement. Buyers can also end a deal within a contract period if they can’t get enough financing. Talk to your real estate agent and your lawyer about the contingencies for your custom home construction contract, how you can end the agreement, and what you can do if you’ve been locked in for good.
Call Dawol Homes now and let our reputable home builders give you the home that you’ve always wanted.