When buying a home, there is a lot more to consider than just the upgrades you want to add to the design.
There are many advantages to purchasing a new home over an existing home. The main advantage for most buyers is that they will be the only ones to have lived in the home. It is brand new and just for them.
It is easy to get caught up in the excitement of a home purchase, be it new or existing. You need consider a few factors before purchasing a new home.
Many people don't take the time to check out the builder when purchasing a new home. This is important as the builder is in control of the quality of your home. Make sure that you find out about the builder's past work. Most builders are more than willing to provide the names of the home communities that they have already established. Visit these communities and ask some of the homeowners about their experiences with the builder. Ask what the homeowners like and don't like about their homes as well.
You should always have a home inspected, even if it is a new one. Hire your own independent and licensed home inspector to inspect the home prior to purchase. The inspector will be able to report on any potential problems you may have with the home and its systems. If the builder will not allow you to have an independent inspection, he probably is trying to hide something. Something that could cost you a lot of money down the road.
You should make sure that the property you are purchasing is clear of any easements. You don't want to buy a new home with a large backyard just to find that you have an electric company easement that means they will drive through your backyard once a week.
It is often advised that you should not purchase your first home in a new community that isn't finished yet. The reason is simple, the community may not flourish. You could be stuck in a community that is half finished and with a home with a decreased value. Look for a community that is already been established and is near completion.
Remember that in buying a new home, there are many considerations that should be made just as if you are buying an existing home. Look at the surrounding area. Check out the local schools. Make sure that the commute time to work is acceptable. Do your research.
When it comes to purchasing a new home, there is still a lot of work to be done. It may seem as if something new would just be as easy as picking it out and waiting for it to be built, there is more to it than that. Take the time and really look at what you are purchasing. When you do this before you buy, you can really enjoy your home after closing.
Martin Lukac http://www.MartinLukac.com, represents http://www.RateEmpire.com, an Internet consumer banking marketplace. RateEmpire.com is a destination site of personal finance, investing, taxes and mortgage rates. RateEmpire.com provides mortgage guides and financial rates and information. RateEmpire.com also operates a financial portal #1 American Financial, found at http://www.1AmericanFinancial.com
I hope I've given you enough information to avoid making a poor decision. Contact me above for additional advice.
