5 questions to think about before buying a new construction property
By Michael Gorman
Having your own house, built just how you dreamed it is something that anyone wants. You can choose how many rooms you want it to have, the colors for walls, the furniture, everything. But the first step to making this dream come true is to buy a new construction property.
While another option would be to find a distressed property and invest in renovations, building your own home is much more rewarding. And for people that have the necessary finances and are able to invest time and effort into a new project, then buying a new construction property seems to be the right choice.
But there are aspects that need to be considered to avoid assuming unnecessary risks or end up dissatisfied with the final result. Experts from UK writings who offer the best essay writing argue that anyone can avoid negative results if they pay attention to the details. And here are 5 questions you need to think about before buying a new construction property.
- Is Lot Cost Included?
You will see that every construction plan comes with a cost for every step of the project. You have a cost for the base of your house, for its structure, for interior and exterior changes and so on. You should have all the costs included there, but here is the catch.
You plan and take into consideration the costs of the building itself, but most of the time people fail to consider the costs of the lot too. And this is because they are not included in the initial financial planning.
However, there is also the possibility that lot costs are included, but you need to think about other aspects in this case. The costs for additional lots for further developments might not be included, like look-out windows from the basement. And these might add to the final cost.
- How Long Will the Building Take?
This is important because it affects your future plans. If you are going to rent or sell the house, you need to be sure that the time and money invested in building the house are enough to have the expected result. It is important to take into consideration that building houses is a process that is always prone to delays.
It might be the weather or the lack of some building materials. Always consider a buffer time when planning the construction time and do not forget about getting the permits.
These kinds of operations delay the entire building process. You can get the permits in about 30-45 days, so consider all aspects when scheduling the building process. Like this, you know what to expect and to plan your activities timewise.
- Are There Any Warranties Provided with the House?
Having a brand-new home does not mean that you will not have problems in the future. The more you use some things, the more the degree of wear increases. And things getting worn out after you use them is a normal thing that happens. Even though you can buy your own home warranty, some builders cover these aspects from the beginning.
They can offer you a structure warranty, that is available for longer times. There are also builders that offer a short-term house warranty that protects you in case of early mishaps. You can also buy a new home warranty that is a 10 years insurance policy and protects you from structural defects.
The most common defects new houses have been improperly installed roofs or issues with exterior bricks. So, it is better to make sure you have a warranty. You do not want to end up paying for repairs when your house is not even finished building.
- Which Are the Standard Finishes Included in the Price?
There are a lot of people that do not ask the builder this question. Most prices include only building the structure of the house, without considering additional finishes. Most builders assume that people will spend a lot of money on standard finishes such as the floor, tiles, and countertops.
In the beginning, as paper writing service informs most price offers seem too good to be true and lots of people fail to inspect the costs more attentively. And they end up paying a lot of extra money for things they thought they have already paid for. Which can turn out to be a huge hole in their budgets.
However, if you go through costs with the sales representative, you can see which are the standard costs and which ones are considered upgrades. So, ask the builder which things are included in the standard price and plan your spending according to this. You might need to save some money for upgrades and furniture.
- Is Landscaping Included?
This aspect is different from builder to builder and from contract to contract. Depending on the size of your land, the builder might take responsibility for taking care of your yard or not. This means that the builder might make a plan for your garden and yard and plant the flowers and trees you want.
However, most builders do not take care of this aspect too, and designing and landscaping your yard becomes your responsibility. Most of the time, you need to complete the landscaping in a given amount of time. But if the builder will take care of everything, you need to ask about landscaping warranties for materials and plants, trees and newly sodded grass. You should know that the landscaping costs are pretty high.
Conclusion
Asking these questions before buying a new construction property is important. They help you familiarize better with the process and plan accordingly your finances and spending. Also, they help you become aware of how much money you need to invest and what standard finishes and warranties are included in the price.
You can also discuss with a sales representative or a real estate agent to advise and help you make the best decision.
Take into consideration that you might need to pay more for extra upgrades like landscaping and countertops. And always keep in mind that the building of the house can be easily delayed by factors that you cannot control, like the weather. It is helpful to have a buffer both for time and costs.
Author Bio: Michael Gorman is a highly skilled freelance writer and member of UK essay writers who currently works at Best Writing Service. He offers the assignment help on topics related to real estate, budgeting, and planning. Feel free to contact him via Facebook or check his Twitter.
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Also see : “Upgrade Your Home: The Complete Guide to Green & Eco-Friendly Renovations for Homeowners”
Most everyone has a dream home wish list as they start their home buying journey. Based on your budget, location, and taste this will be different for every first time home buyer. Deciding what aspects of a new home are most important to you will help you narrow it down to certain homes, until you ultimately find your first home!
has a dream home wish list as they start their home buying journey. Based on your budget, location, and taste this will be different for every first time home buyer. Deciding what aspects of a
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