When you’re shopping for a new home, you want it to be everything you’ve always dreamed of. Maybe you want a big kitchen, a large great-room, or maybe a den to use as a home office. But building a custom home can be expensive and can involve a lot of hassle.
Buying a new construction home from a production builder can be a great way to get the best of both worlds. Read on to get some tips for buying a new construction home in Lakewood Ranch.
What Other Communities Have You Built?
When you’re getting ready to buy a new construction home, one of the first questions you should ask is what other homes and communities the builder has constructed. Take the time to check out the builder's models and to visit other communities if possible. This will give you an idea of the size of the company and level of experience.
Builders in Lakewood Ranch range from Lennar Homes, one of the nation's largest home builders, to John Cannon Homes, a local, high-end custom builder. With over 20 builders in the Lakewood Ranch area, ranging in price from the $200's to over $3-million, you have quite a variety of builders and communities to choose from.
Can I See References from Other Buyers?
While seeing the home itself is important when buying a new construction home, you also want to find out what previous buyers’ experience has been like. The homes may be beautiful, but it’s not worth it if the building and buying process is a huge hassle. It’s a good idea to talk to previous clients and ask about their experience with the builder.
Talk to your builder and ask if they have references from previous clients. While written references are better, if possible, you should talk to the buyers themselves.
They can give you direct information about what it was like to work with the builder, as well as how they’ve enjoyed living in their home.
What Is Your Warranty Like?
No matter how well-built a home is, things can still go wrong, and you want to make sure you’re protected if that happens. Once you’ve talked to previous clients and seen other homes from the builder, you need to ask them about their warranty.
A good warranty will ensure that, in the unlikely event that something breaks down in your home prematurely, you’re protected.
Ask your builder what sort of warranty they offer, if any, and if there are any conditions associated with it. There may be a materials warranty that extends longer than the labor warranty. You may also want to check if the warranty is transferrable in the event you wind up selling the home before the warranty ends.
Can I Customize My Home?
When you build a home from scratch, you get to choose everything about what it will be like. You can decide on everything from what layout it will have to which finishes will go in which rooms. But when you buy a new construction home, you may or may not have those customization options available.
Some builders will allow you to customize your home to a certain degree or will let you pick from pre-established floor plans. Talk to your builder about what sort of customization options, if any, are available.
If you have any specific needs, be sure you bring these up to see if they’ll be a possibility for your home.
Can I Get the Home Inspected?
Most of the time, we associate home inspections with homes that are already established. We want to make sure previous builders have followed code and that necessary updates have been made over the years. But what do you do if you want to make sure your new construction home meets these same code requirements?
Talk to your builder and ask if you can get the home inspected before you sign a contract on it. A reputable builder should have no issue with this, as the inspection will simply confirm that they are following all the proper requirements.
If a builder will not allow an inspection before you sign a contract, look elsewhere for your new construction home.
Can I Back Out of the Contract?
At this point in the process, you should be feeling pretty confident in the builder you’ve chosen. However, you always have to be prepared for the unexpected, and things may change before you close on the house. You or your partner might have to change jobs, a relative might get sick, or something may happen to damage the home.
You need to ask your builder before you sign your contract if you have a way to back out of it. There may be costs associated with this – non-refundable deposits, cancellation fees, and so on – and there may be a point of no return. But you should have the option to back out of a contract before you close on the house if your situation changes.
How Long Will the Build Take?
Once all your other concerns have been addressed, the last question you need to ask your builder is how long it will take to build your home. This will be a critical factor, especially depending on where you’re moving from. If you’re renting, you may need to see if you can extend your lease until the home is ready.
If you’re selling a home, you may want to wait to list it until you’re within a month or so of your new house being done. This can help to avoid costly delays or issues with your move. It’s a good idea to have a backup plan, however, in case your house sells more quickly or more slowly than you expect.
Learn More About Your New Construction Home
Buying a new construction home can be a wonderful way to get the house of your dreams without having to go through the hassle and expense of a custom-built home. You do need to take the time to do some homework first though. And most importantly, work with a realtor experienced in new-construction. Daniel Bacon is available to help, just call, text or email at the contact number and email on our website - www.LakewoodRanchLife.com.
Search our new homes today and take the next step towards living in your dream house in the Sunshine State!