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Interested In Buying A Brand New Home? Here’s What You Should Know

There are plenty of reasons to consider new construction over older structures when purchasing a home. Many new homeowners believe that they will have fewer convenience and maintenance problems, which can be true. However, there are several important things you should know and do before going for a brand new house. Real estate is often a big investment and can shape your financial future in the years ahead.

You Should Get a Realtor

Buyers who have already found a house, development or builder often assume they don’t need a realtor. Nothing could be further from the truth. These experts aren’t just for finding potential buys, they also offer negotiating skills and general buying advice that can be invaluable during the process. They can help you develop a tighter contract and handle issues with builders during and after construction.

New Doesn’t Mean Perfect

New homes often incorporate modern safety features, conveniences and design elements, which is attractive for owners who don’t want to worry about major replacements or repair work in the near future. However, it’s crucial to note that new doesn’t mean perfect. That’s why buyers should always invest in an inspection before finalizing their deal to make sure there are now major faults or problems.

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About Your Neighborhood

Knowing your neighborhood is an essential bit of background research that can make or break your buying endeavors. Prospective buyers who are looking at property in an unfinished development should get information about how many lots are already owned and how long the development will take to complete. You should also talk to neighbors, or previous customers, of the builder to ensure that they are reputable and true to their word.

Negotiate Your Contract

Many first-time buyers settle for whatever contract is handed to them by the builders, especially if it includes all the basics and a good price. However, it’s almost always a good idea to negotiate and push for more when possible. This is where an experienced agent or realtor can be very useful. They can help you ensure that your contract with the builder covers problems that may arise in the months after the deal is closed and put the entire deal on the best terms possible.

Buying a new home can be a major investment and a big commitment for first-time buyers. That’s why you should always take your time to conduct thorough research into the home and find a good loan to back you up.

Lizzie W: Lizzie Weakley is a freelance writer from Columbus, Ohio. In her free time, she enjoys the outdoors and walks in the park with her three-year-old husky, Snowball. You can find her on Twitter @LizzieWeakley.

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