There are many advantages to buying a new construction home. From getting the latest finishes to knowing your electrical systems are up-to-code, choosing to buy a new construction home can seem like an all-around great idea.
But first things first, a buyer’s agent – one with experience selling new construction homes – is a must to have on your team before you start. They will be your advocate in all the decision-making throughout the process. They can:
- Research and match you with a builder right for you
- Help you with a home construction loan, which is different than a traditional mortgage loan
- Help you then convert your construction loan into a mortgage loan, or work with you to secure a traditional mortgage loan with a reputable lender
- Guide you through the options process and advise on which upgrades are worth the investment
- Advise you on the timing of your build, so that you can plan for the perfect time to put your current house on the market
- Arrange for the inspection of your new construction
- Answer all the questions regarding the different types and lengths of warranties, which all new construction homes require
- Accompanying you on the final walkthrough
- Helping you manage the final closing costs, title fees, deed recording, insurance, taxes, and HOA fees and paperwork
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