Investing in a new construction house is a risk if you aren’t familiar with the builder, but millions of families invest in new houses every year because new construction offers so many advantages. You can work with your builder to design a floor plan that works for you, choose interior finishes and fixtures that reflect your needs and even choose the right location for your new house. To ensure that you’re getting true quality for your money, ask your builder the following questions:
1. What Materials Will You Be Using For Construction?
Be sure that the builder is using superior materials such as double clay bricks, which will improve the house’s thermal and sound insulation. Ask about whether the bricks they are using are technologically advanced and how they will impact the environment. Opt for materials that have a minimal carbon footprint.
2. What Features Are Included In The Price?
Many builders have display homes that feature a plethora of upgrades that aren’t included in the price you are quoted. Be sure to ask which features are standard and which ones are optional extras that could add hundreds or thousands of dollars onto the price of the home. If there are features you’d like to add to the basic home, be sure you get a quote for each optional extra so that you aren’t blindsided by added expenses down the road.
3. Which Features Can Be Changed And Which Can’t?
Today’s residential builders can offer buyers a wide range of house styles and sizes that include options to tailor each home to the owners’ needs, but there are always limitations based on a variety of factors, including cost, size of the lot, size of the building itself, structural needs and more. Reputable businesses will be honest about what they can and can’t do so that you aren’t disappointed.
4. Do You Have Any Current Incentive Programs?
Although they may not advertise incentive programs to appeal to home buyers, many home construction companies put these programs in place in order to help first time buyers or those on a limited budget realise their dreams of home ownership. All you have to do is ask about purchase incentives that fit your circumstances in order to save thousands of dollars. Incentives come in a wide range of forms in order to appeal to different purchasers. These may include optional extras such as interior painting and air conditioning, a slashed price for display homes, solar hot water systems, high end kitchen and bath fixtures and incentives for purchasers who have a substantial down payment available.
5. Is Financing Available?
Not all residential construction firms have financing available for prospective homeowners. If you do work with a company that has financing for their customers, be sure to talk to someone in the financial division about what kind of terms are available and how many major lenders and banks they work with. With the right company, you should be able to compare rates and terms across a selection of lenders in order to get the best possible deal for your family.
Buying a new house always involves a significant investment of your time, money and resources. In order to get the right house with the right features at the right price, be sure to ask the five questions outlined above each time you discuss your plans with a home builder.