5 Mistakes First-Time Buyers Make When Purchasing New Construction Homes

According to the National Association of Realtors, first-time homeowners made up approximately 42% of buyers in 2019. The prospect of owning your first home is usually accompanied by a flurry of emotions — excitement, worry, fear, joy, and just almost every kind of feeling in the emotion spectrum. Within this emotionally-charged bubble, most first-timers mistakenly end up buying homes at an impulse.

Building on your lot in Suncreek Estates Rosharon TX can be an overwhelming process. With so many moving parts involved, it is vital to arm yourself with the knowledge that will help you avoid making rookie mistakes. Here are the five most common mistakes first-timers make when buying new homes for sale.

1. Not Researching the New Subdivision

Most homeowners tend to fall in love with their new construction home before the community. It is easy for first-time homebuyers to forget that new subdivisions are a work in progress. You may need to consider the value of your potential home, neighborhood layouts, and future growth plans before deciding to build on your lot. Take a trip around the Suncreek Estates Rosharon TX residents love. Look at planned expansions for the future. Does the lot tick all boxes for your family’s current and future desires?

2. Not Vetting the Builder

Home buying is arguably one of the largest financial transactions that you enter in a lifetime. You need to ensure that you do your research on the local home builders. Make sure that your developer has a good standing with the state’s construction board. Verify that they do not have any pending complaints against them. Check out their licenses and bonding certificates to be on the safer side.

3. Ignoring the Fine Print

Most first-time homebuyers fail to protect themselves during the home-buying process. It is imperative to be cautious and get proper representation — even before moving into the Suncreek Estates Rosharon TX homeowners love. Be sure to read the builder’s contract to understand what you are getting into. You can also have your attorney and realtor review the copy before appending your signature. Ensure that all warranties that you negotiated for are protected in writing.

4. Brushing Off Home Inspection

Most homeowners assume inspection of new construction homes is not necessary. After all, you get to build on your own acreage and customize the new house as you wish. However, new homes can have just as many issues as old homes do. Home inspectors can provide valuable insight on mistakes or missed steps by the builder during the construction process. Schedule an inspection for your house in Suncreek Estates Rosharon TX before the final walk-through with the builder.

5. Failing to Prioritize Your Costs Properly

It is easy to get carried away by the unlimited options and add-ons in the builder’s showroom. While you may have the unique opportunity to customize the house as you wish, be mindful of investing in upgrades that do not increase your property value. Investing in high-quality, expensive kitchen cabinets may not provide a return as compared to swapping for a new marble countertop. Always remember that these small upgrades and additions can dramatically increase the cost of furnishing your home.

New construction homes allow first-time homebuyers to customize their property to their liking. Avoiding these pitfalls can help you find the best acreage homes for sale in Suncreek Estates Rosharon TX.

Date: November 30, 2020
Category: Blog