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Expensive Mistakes Book
Builders sometimes offer an express warranty, which has more precise wording on what is covered and cutoff times for varying parts of a new build. Enlisting a real estate agent or attorney to review warranties, as well as the purchase contract, may help you avoid doing business with an unscrupulous builder, Jaffe says. Builder warranties are not a blanket guarantee for all types of defects or problems with a new home. For example, upgrading to quartz countertops from laminate, or from linoleum flooring to hardwood or tile, are safe investments.
You may want to consider the cost difference between a builder upgrade versus hiring your own contractor to do the work later. Harris, the Denver buyer, had the option to include an air conditioner in her new home.
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Hiring a real estate agent who specializes in new construction can give you the extra confidence in negotiating with builders. New builds are blank slates. Read your contract and the HOA rules so you can anticipate and budget for these expenses as early as possible.
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From setting a budget to securing a mortgage, it breaks down everything you need to know about buying a home. Buying new construction?