First-Time New Construction Home Buyers

Building and moving into a new construction home is a great dream to have. To have the purchase be a good experience, you will need to make sure you are financially prepared as well as mentally prepared for the responsibilities and processes that come with buying any home.

Home ownership is much different than renting. The privileges of increased freedoms can come with the responsibilities of taxes, a mortgage, and home maintenance and upkeep. Take stock of your finances and expectations and prepare for home ownership today.

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Important Questions for Prospective New Construction Homeowners

Ready to Buy?

Home ownership is a commitment; you must be prepared to maintain and repair your home as the years go by. Part of your time and money will go toward the upkeep of your home - owners who do not take this into account can easily find themselves in trouble over time. Home owners need to be ready to add this large responsibility to their already busy lives.

What can you Afford?

It is important to buy a new builder home that works with your current salary. It can be tempting to want to stretch your budget, but sacrificing a large portion of your income to just pay a mortgage can easily turn ownership into a burden.

What's Your Debt-to-Income Ratio?

In most cases, your overall debt should not exceed 40% of your income, and housing debt should not exceed 32%. What these ratios will mean of course depends on where you want to live. Look at your options to see what makes sense for you. Highly competitive areas will mean less space for the money you are able to pay, so it is important to keep this in mind when looking around.

What are you Looking For?

Are you open to cleaning your own gutters? Do you despise lawn care? Would you rather pay a monthly fee to have everything done for you? Would you rather not have your neighborhood dictate how and when you do things?  You can narrow your property search and find the right property for you with answers to questions like these.

We Are Here to Help

Home buyers need a good agent who will work hard for them. Our real estate team is dedicated to finding you the right home at the best possible price. We want you to find the home that will make you happy and successful in real estate ownership.

When you buy your first home with us, we will merge what you want and what you can afford to find a home you will enjoy owning for years to come.

Keep your objectives and preferences in mind when visiting homes. It can be overwhelming when considering the thought of home ownership. Keeping a list of features you need and features you want can help you keep everything straight. When working with your agent, you can go over the pros and cons of each home to get a professional second opinion. We can help you prioritize while keeping our eyes out for any great properties that appear.

Work with a great real estate lawyer. We have several lawyers in the area who might be a great fit for your situation. Make sure you find someone you can work with by conducting interviews. A lawyer can help immensely when it comes to the legalities of transferring land ownership. While it may seem like you can go forward alone and save money, the money saved in legal fees with their services makes this a good expense overall. 

Making an offer. The offer can be a delicate and confusing process. We can help you out by preparing paperwork and going through it with you prior to submitting. Home builders may still reject or counter your offer - but we can help you make sense of where you stand and what it all means for you. We're here to represent you through all aspects of the home buying process. Negotiating the purchase of a new construction home can be a challenge, because most home builders use their own contracts. Don't go this process alone!

Complete all necessary inspections. The home inspection is extremely important - even with new construction. The inspector will check for harmful materials, pests, faulty wiring, leaks, and more. Not getting a home inspection can lead to you being stuck in a home with serious problems with no recourse other than paying for its removal. Inspections will cost a few hundred dollars, but they are more than worth it. We have several inspectors that we can recommend to you.

Make a final walkthrough before closing the deal. We can help you with this to ensure that everything you have agreed to has been completed before the final signing.

We're happy to help you with the new construction home buying process from the first interview of determining your requirements to receiving the keys after closing. Please do not hesitate to contact us to find out what we can do to make buying easier for you!

Contact us for more information about first time home purchasing.