Buying a new home is probably one of the biggest financial decisions of one’s life, and as such, it can be not very safe for someone not used to this. Potential buyers need to educate themselves about the advantages and disadvantages of new construction homes to protect their most valuable asset – their home equity. In the current market here, New Construction Homes in CT have been popular for a reason, in large part due to the rapid growth rate of 62 new people a day. This means there are now more newly constructed homes on the market than at any time in the past decade.
When looking to purchase a new construction home, you want to take your time and research the builders you are considering. There are many available. Talk to your real estate agent about the builders they are working with. Look at their website and take a tour. Ask questions. Find out who the builder is, what their track record has been like, and what you can expect from them.
When you talk with prospective builders, ask questions about the floor plans, how soon they plan to start construction and what type of foundation they will use. If you know there is to be a gap between the time of construction and the actual date of opening, then find out if they will be making changes to the floor plan to accommodate that. Ask if there is a minimum amount of square footage required, and if so, which part of the floor plan will those changes affect. Also, find out if there is a connection between when the builders get the permits and when they start the construction. This is important because if a permit is not obtained earlier than the construction begins, the builder might need to wait a few months or more before getting all the necessary permits to start the project.
You may also want to find out about any agreements or contract negotiations that will occur between the builder and the community. Is there a fee to pay, or are there any penalties for not meeting contract requirements? What are the financial obligations once the new construction homes startup? Are there any zoning issues, setbacks, approvals, or other matters to consider? Find out what the plans are for the community as well.
If you have chosen to live in a new community that is still under construction, you should consider the already there homes. Make sure that you choose models that look good inside and out. Homes for sale by the owner are not always what you are looking for, so ensure that you check out the builders selling the models you like the best.
With so many new construction homes for sale, you may be wondering if there is a way to move in immediately. While many new communities have strict rules on who can move in initially, some allow residents to move right into their homes. Check with your community board to see what the rules are, but don’t be afraid to ask if you can move in right away.
When buying new construction homes, you may be worried about having to keep up with the builder’s schedule. There are many builders out there that are only open during certain months of the year, so it is a good idea to keep your eye on the news about the builder to see when they will be open for business. Some builders do not build throughout the year, but they do have set days and times when they are available for viewings, so keep an eye on the news at these times to get the best deal possible on your new construction home.
New construction homes can have many unique features, so it helps to know which ones are available before you start looking at the builders in your area. Take the time to visit the different homes with the builders you are considering and get an idea of what each one offers. It would be best to look at what kinds of things the builders can provide you with no additional cost, such as walk-throughs and designs. By taking all of this information into consideration before you start selecting options, you will be able to move forward with confidence and make a well-informed decision about what you want in your new construction home.