New Home Buying Tips
New Homes
RE/MAX Northwest New Home Buying Tips
 
Getting My Home Ready To Go On The Market

Home buyers are not always unaware that the option and large selection of new construction homes are available to them. It might be because when they think new homes, they think a high price. Not all new construction is high priced and out of the buyers budget. Others think it is too much work and hassle to get the house setup in terms of the options for selecting all the features. Some of these misconceptions on price or the ways new construction homes are built, are a lot of the reason home buyers could be passing up a great opportunity to get the home that they want, the exact way they want it and for the right price that aligns with their budget.
 
Here Are The First Steps
The initial steps of looking into new construction homes should be determining what your budget is and what type of new construction home your interested in.

What Type Of New Home You Want? 

Usually there are two options. The first option is purchasing a new home in a development where other new homes are being put up by a developer. Usually the homes in a development have home plans that the builder has already acquired from an architect and will build most of them according to a certain specifications with very little to very large modifications. The development generally will have a designed style. Meaning the look and features of those homes are very uniform outside of select options. The reason for some of the limited choices in new homes are to keep costs down and to allow the developer to build up many homes in a shorter amount of time.
The second option of development you might see is the larger multi-category development where there are a lot of price ranges and features. Developments may start out with entry-level homes, mid-level or even luxury homes. When you step into the mid-level and luxury level home developments there usually are many more options to choose from. Home options variations include choices such as how many bedrooms, finished or unfinished basements, large or small yard size, exterior and interior colors choices and more. In the mid-level and more so in luxury level homes the builders will change or modify room size and room locations based on your preferences and budget. If you are looking for maximum flexibility and options in a new home development then looking for a luxury home development is your best bet if within your budget..

The New Home

So you’ve seen examples of homes the builder has built in the past or maybe been through model homes in a development. Now it comes time to figure out the actual price of the home you want. In developments most of the model homes are equipped with mid to top of the line products and features to show you what the premium home looks like. When it comes time to getting a price on your home you will need to find out what the base price is, the features and amenities that base price comes with and how much your preferred upgrades will cost. Most of the upgrades are likely to come in packages. In considering the prices of the upgrade first look at your budget range and your pre-approved mortgage amount. Based on the total price you will pay with home upgrades your mortgage lender can calculate what your total monthly payment will be. The monthly payment is a better way to gauge affordability of the home based on your specific budget. If adding upgrades ends up totally more than you can afford it is time to step back and decide if you really need all the upgrades or what you're willing to compromise on.

Local Financing

Using a local lender or credit union that has experience with construction loans is a bonus. Since there are many inspections and appraisals happening during the construction, it makes the most sense to have the financing handled by a local mortgage company. A national lender will not have access to the specifics of the local Houston market. Knowing the local areas with good schools, low crime, and appreciating property values, is usually something only a local lender will be familiar with.

Home Inspection

Why do I need a home inspection if I am buying a new home? No builder is perfect in everything they do and the subcontractors they have could be having a not-so-perfect day as well. Home inspectors can find problems that need to be fixed before you move into the home. Many builders will give a one year warranty on new construction homes, it is important during the 11th month after moving into your new home to have a home inspector come out and look over the home again. Anything discovered by the inspector as being a potential issue can be reported to your home builder so they can fix the issues before the warranty is up. 
 
Real Estate Agent

Is any or all of the above confusing? Maybe this makes you wonder whether new construction is worth all this effort? Did you know, the best thing for you is an experienced New Home Real Estate Agent. RE/MAX Northwest Realtors are your local, Houston, New Home-experts. RE/MAX Northwest Agents will help you out and negotiate on your behalf. They are more than qualified and able to help you purchase your new construction home. Our Agents, can help you with land searches, connect you with home builders, provide a list of home inspectors, negotiate on your behalf with all of the above listed and more. The cost is not any higher to work with an agent since RE/MAX Northwest is the leader in New Home Sales and have strong relationships with local home builders who encourage real estate agents to bring in their clients and will pay the commissions as well. So contact RE/MAX Northwest or one of our agents and have them navigate you in the process of buying a new construction home. RE/MAX Northwest will ensure you get the best home you need.

Call Us.. We will make things easy!

While there is work required in any home purchase, the effort required in purchasing a new construction home results in a great custom home that exceed all of your real estate needs. RE/MAX Northwest Real Estate Agents understand the new home buying process and the options you have, and make sure you are able to accomplish the goal of getting into your New Home.

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