Cherry Creek Mortgage
Mortgage News 04 September 2018

Tips for Buying From a Builder

Some people prefer to buy a home that is completely new. If this is the case for you, maybe you’re considering buying something recently constructed from a builder. When doing so, there are a few things to keep in mind. Read on for our tips when buying from a builder!

 

There are important questions to ask when viewing a newly constructed home with the builder. The first is to inquire which of the features are standard. It’s likely they are showing you the best of all the homes, so they may expect to get a better price from you for that reason. Although if some of the features are in each of the homes, why should you pay more for it?

 

Following this, find out the builders long-term goals for the community. Maybe you’ll want to find a different area to buy in if they plan to build countless subdivisions within the community. Additionally, you’ll want to find out the builders policy on warranties. Often with new construction they may offer a one year workmanship warranty and a 10-year structural warranty, so it’s important to find this out from the beginning.

 

Lastly, consider asking to be put in touch with a past client. This will give you an idea on how the home will age over time. Overall, having your realtor communicate with the builder will be helpful, so always keep them in contact.