9 Crucial Considerations When Buying a Newly Built Home
When purchasing a new build, it's essential to carefully consider all aspects to ensure a smooth and satisfactory home-buying experience. Here are the top 9 things that people often forget to consider when buying a new build:
#1 - Completion Delays:
New builds can face unexpected delays due to construction issues, weather conditions, or permit complications. Buyers should have contingency plans in case the completion date is pushed back.
#2 - Hidden Costs:
Apart from the base price, there may be additional costs for upgrades, landscaping, and utility connections. Buyers should factor in these expenses when budgeting.
#3- Builder Reputation:
Research the builder's track record and customer reviews to ensure a history of delivering quality construction and timely completion.
#4 - Future Developments:
Check if there are any future developments planned near the new build, such as commercial
areas or infrastructure projects, as they could impact the property's value and lifestyle.
#5 - Amenities and Facilities:
Consider the availability of amenities and facilities like schools, hospitals, parks, and public transport near the new build.
#6 - Home Inspection:
Despite being new, a professional home inspection is essential to identify any construction defects or issues that might not be immediately visible.
#7 - Neighborhood Character:
Visit the neighbourhood at different times of the day to gauge its character and suitability for your lifestyle preferences.
#8 - Warranty Coverage:
Understand the builder's warranty coverage and know what is covered and for how long.
#9 - Resale Value:
Consider the property's potential resale value in case you need to sell it in the future. Factors like location, nearby developments, and
market trends can impact the property's resale appeal.
By carefully considering these factors, potential buyers can make an informed decision and avoid any surprises or regrets after purchasing a new build.
CONTACT US:
Taylor Morrison
306.370.8474
AJ Morrison
306.270.1965
Léo Morrison
306.227.8383
hello@morrison87.com
