Thursday, October 24, 2024 / by Dick Keenan
Why You Need an Agent When Buying a Newly Built Home
Some homebuyers hesitate to consider newly built homes because of a misconception that they aren’t as durable or high-quality as older ones. This belief can lead buyers to overlook new construction, which might actually be a great option in today’s competitive market. According to Builder Online:
“As resale inventory remains limited and the price gap between new and existing homes narrows, new construction is becoming an appealing option for buyers, with incentives like rate buydowns helping address affordability issues.”
So, is there any truth to the myth? Let’s explore how to approach new construction with confidence so you don’t miss out on this opportunity.
Picking the Right Builder
The key to ensuring your new home is high-quality lies in selecting a reputable builder. Good builders follow strict building codes, use modern construction methods, and offer warranties that protect your investment. The Mortgage Reports emphasizes:
“When buying a new construction home, one of the most critical decisions is choosing the right builder. This choice greatly impacts the quality and satisfaction of your new home.”
While you can research builders on your own, it’s easier and more effective to work with a local real estate agent who’s already familiar with the builders and communities in your area. They’ll know which builders have a strong track record and can guide you through the process. Here are just a few ways an agent can help:
Builder Reputation: Your agent will steer you toward builders with good reputations and positive feedback from previous buyers. They’ll also verify that the builder is licensed, insured, and potentially a member of professional organizations like the National Association of Home Builders (NAHB), which demonstrates their commitment to industry standards.
Touring Model Homes: Your agent can arrange visits to model homes and help you assess important details such as the quality of finishes, layout, and overall craftsmanship.
Builder Warranties: Many reputable builders offer warranties on major structural components, which reflect their confidence in the quality of their work. Your agent can help you understand what warranties are available and how they can protect your purchase.
Inspections: Even for new homes, inspections are essential. Your agent will ensure that a licensed inspector reviews the home to confirm it meets safety and quality standards before you close the deal.
Why Your Agent is Key in New Construction
Working with a knowledgeable real estate agent is crucial when buying a new construction home. Data shows that homebuyers often rate their agents higher than their builders after making a purchase. By partnering with a trusted agent, you can confidently navigate the process and choose the right builder. As Realtor.com notes:
“If you’re thinking of buying a new construction home . . . You need your own real estate agent from the start. Even if it seems easy to sign on with the builder’s on-site agent, it’s important to have someone who’s looking out for your best interests.”
Bottom Line
Don’t let misconceptions about newly built homes prevent you from exploring this great option. Let’s work together to find a new home that meets your needs and exceeds your expectations.