5 Things Every Home Buyer Needs to Know About New Construction

by Ken Herod

Builders vs. Developers

There's a difference between a builder and a developer, and it's important to know who you're working with. Builders construct the homes themselves, while developers purchase land and hire builders to construct the homes.

Upgrades vs. Standard Features

When buying a new construction home, be aware of what features are considered upgrades and what comes standard. Upgrades can quickly add up, so it's important to know what you're getting into.

Home Warranty

New construction homes typically come with a home warranty, which covers any defects or issues that may arise in the first year of homeownership. Be sure to read the fine print and understand what is and isn't covered.

Timeline and Delays

Building a new home takes time, and delays can happen. It's important to have a realistic timeline and be prepared for potential setbacks. Communication with your builder or developer is key.

Inspection and Walkthrough

Before closing on a new construction home, be sure to have a thorough inspection and walkthrough. This is your chance to identify any issues and have them addressed before you move in.