Some of the most coveted properties in the flourishing Phoenix and Scottsdale, AZ real estate markets are newly built properties. New construction homes are desirable for many buyers because of the many advantages these bring: brand-new features and amenities, compliance, the latest building and energy efficiency standards, and full warranty terms.
If you are among those who have made the decision to buy new construction, heed these expert tips for a smooth and rewarding purchase.
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Learn more about the builder
Do some research on the builder’s other projects and developments. Visit these neighborhoods if they are near enough so you can chat with current homeowners about their experience.
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Understand the differences between the model unit and your actual home
Remember: builders always put their best foot forward when showing model units. Check which features are standard and which ones are upgrades. That way, you can manage your expectations about the final product you will receive as your home.
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Ask about your neighborhood’s future development plans
Before committing to the purchase, inquire about development plans for your area. How will new projects affect the traffic and noise in your neighborhood? Will new buildings eventually block the view that you thought was the key selling point for the property that you’re buying?
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Get creative with your negotiations
New construction properties are priced according to current market rates. Instead of trying to convince the builder to drop the price, ask for alternatives like additional appliances or unit upgrades at no extra cost. The builder might also offer to pay closing and other miscellaneous costs rather than provide price discounts.
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Get a guarantee
If you buy during the pre-construction stage, be sure to include terms in your purchase agreement that guarantee a specific completion date. This way, you will be sure that you don’t move out of your former home without having a new one to transfer to.
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Get the property inspected
Even brand new homes need to be thoroughly inspected. Investing in a professional, third-party inspection is always money well-spent. That means guaranteeing your safety and health as a homeowner.
Here’s a bonus tip: finding and buying homes in Phoenix, AZ and Scottsdale, AZ is easier when you work with trusted local real estate agent Scott Semer. Call him today at 1.480.353.0299 or email scott(at)scottsemerrealestate(dotted)com to get your home buying journey started.