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7 Tips When Shopping for New Construction
Building your dream home can be a rewarding experience, but as many who have gone before you can tell you, it can also be overwhelming if you don't know what to expect. In booming areas of the country such as the Nashville area, there are a lot of new construction communities to choose from, so get ready to shop around and have fun!
1. Find an agent to represent you. The agents assigned to the model homes you visit are paid to represent the builder, so find a trusted agent to represent you and your needs.
2. Get preapproved for a home loan. You need to know what your budget is from the beginning, because model homes have a way of drawing you in with all of their upgrades, bells, and whistles. You need to know exactly what you can afford so that you can walk away when the numbers get too high.
3. Speaking of upgrades, bells, and whistles . . . model homes are full of high-end embellishments, so never assume that what you see is what you get for the price you see as the base price. Ask to see price sheets for every upgrade. Ask to see exactly what features are included for the base price you are being quoted. Some builders set base prices higher to include a load of features. Other builders set base prices low, but the price adds up quickly once you have to add everything from crown molding to an electric door bell (I'm not kidding).
4. Don't expect to be able to negotiate much on the base price of the home, but DO negotiated for closing costs and upgrades to be thrown into the deal.
5. Get everything in writing. Get everything in writing. Get everything in writing.
6. Do your homework on the proposed neighborhood and surrounding area. Will there be future amenities that could drive up HOA costs? Will there be future building in your back yard? Will there be new roads, schools, or retail in the next couple of years? Ask the builder. Ask the planning commission of your city. It's OK to ask!
7. Don't give in too quickly to pressure. A builder's agent's job is to sell lots with houses on them, so that's what they are good at doing. Yes, there might only be one lot left with a tree or your chosen house plan might only fit on certain lots, but don't feel like you have to make a decision the first time you visit. Study the floor plans, proposed neighborhood maps, and take your time. This is a huge decision and you don't want to have regrets that you settled for what the builder's agent said you had to do that day. This is YOUR dream home!
I love to help people with new construction homes. I have years of experince working with local builders and I'm not afraid to fight for what is best for you. Give me a call!
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