subject: Use caution when hiring a builder to build your new home [print this page] Use caution when hiring a builder to build your new home
Purchasing a home of your own is a wonderful goal to have. More specifically, purchasing a new home offers a number of advantages that you should keep in mind when deciding what kind of house to purchase. However, every project has its pitfalls, and you should be careful to go with a reputable builder to make sure you are satisfied in the long run with your home buying experience. Here are some things to keep in mind when hiring a builder for your home.
New homes have many advantages, including the obvious aesthetic qualities, but this is only true if you hire a solid developer. In order to get a good idea of what to expect, you should visit some of the older projects your developer has already worked on. Pay attention to the current condition of the homes in order to understand how durable the homes have proven to be. How have these home developments weathered the wear and tear of the last few years?
Talk to the homeowners who purchased these developments and ask them for their candid recommendations. If they had to do things over again, would they go with the same developer? What kind of problems have the homes displayed over the years? Did the builder meet the deadlines, or was the project full of delays and setbacks? Were there any problems along the way, and if so, how did the developer deal with these issues such as building defects? If the homeowners had to take legal action in order to get their defects fixed, that is obviously a bad sign.
You can also ask real estate agents about other homes in these developments in order to understand what kind of appreciation you might expect if you purchase a similar home from these developers. How does the appreciation in value from these developments compare with comparable homes in this area?
These are just some of the considerations to keep in mind when hiring a developer to build your new home. A new home has the advantage of a more stylish look, safer building materials, lower maintenance requirements, and possibly cheaper utility bills due to more efficient systems. However, you also face a higher purchase price in those cases, as well as the hassle of carefully researching developers in order to help ensure a great buying experience.
