How Should You Approach Buying a New Construction Home?

The Richmond Metro Real Estate Journal

We get asked about buying new construction homes all the time. We’ve got some tips to share today that will help make the process easier.

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The holiday season is upon us and boy are we excited. We are thankful to have had an outstanding 2016 and to have helped as many families as we did. We are looking forward to another outstanding year in 2017.
We got a bunch of responses from our previous video asking for questions and topic suggestions. One of the most frequently asked about topics was new construction homes. They are becoming a larger part of the inventory around the country and we thought it would be a good idea to cover a few basics about buying newly-built homes today.
One common mistake that buyers purchasing new construction homes make is paying full asking price. If you have your own representation when you look at these homes in the form of a buyer’s agent, there is no reason you should pay full asking price. A lot of buyers think if a home is brand-new that they must pay the full asking price.
This is almost never the case.
Another question we get asked a lot about is whether or not an inspection is necessary for a brand-new home. The builders offer a one-year warranty (which they are required to by law), but we have found over the past few years, a home inspection is a smart idea. We’ve been able to uncover problems in brand-new homes that may not have been revealed otherwise until it was too late. Most builders will come out and fix things, but we don’t think it’s a bad idea.

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One common mistake is when buyers pay full asking price.

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If you’re looking to buy or sell a home, we’re always willing to help you out and give you some free advice. If you have any questions, we’d be glad to answer them too. Just give us a call or send us an email. We look forward to hearing from you.