5 Things to Know About Buying a New Construction Home

In the market for a new construction home for you and your family? Buying a newly constructed home entails an added degree of control over the layout of your physical space, unique opportunities for customization, and other benefits. Of course, the new construction home buying process is a little bit different than the process for buying a retail home. The following five tips can help guide you through the new construction home buying process around Nashville and Juliet, Middle Tennessee.

Pre-Approval at the Outset is Essential

Similar to the process of buying a resale home, the new construction home buying process necessitates a mortgage pre-approval before getting started on design and building. It’s often a good idea to compare lenders to seek out your best options, but obtaining at least one mortgage pre-approval is vital. This will allow you — via a financial institution — to have a reasonable sense of what you can afford to spend on your newly constructed home.

Customization is Very Possible

A major advantage of buying a newly constructed home in Nashville and Juliet, Middle Tennessee, is the ability to design it in ways you want. You will have more control over appliances, fixtures, wall colors, floor types, and other components than you would if you were buying a resale home. This can be intimidating — but it can also be exciting! You can design your future home space in a way that works for you and your family while also effectively preparing for your family’s future.

Of course, it is always good to understand with your builder what constitutes an “upgrade” and how much given amendments to a plan will cost. Different builders have distinct arrays of options, so familiarizing yourself with what your builder offers is essential in creating the space you desire.

New Construction May Last Longer

While not always the case, buying a newly constructed home usually ensures that there will be some time before you have to make changes or improvements. A newly built roof is generally less likely to leak, new plastering and paint are less likely to chip, and new framing is less likely to rot or develop mold.

This is far less certain with a resale home, and unforeseen problems frequently crop up after the purchase has been made.

As a bonus, the new construction home buying process typically involves purchasing new appliances, which are likely to last longer and be more energy-efficient than older models.

New Home Construction Often Occurs in Stages

New home construction builders often build out a development in stages. This can be helpful if you are looking at buying a newly constructed home. You may have the opportunity to tour a given development to get a sense of construction type while still waiting for the right location to open up.

A Clear Contract Is Key

A clear contract is essential because the new construction home buying process is spread out over time and involves close coordination with a builder. Having all details in writing — and updating the contract as necessary — is vital to ensuring everything stays on track and turns out the way it’s supposed to.

Contact Us Today

While the new construction home buying process has its quirks, it can open up any number of exciting and creative possibilities. If you’re looking at buying a newly constructed home in Nashville and Middle Tennessee, Capitol Homes, Inc. has the experience to get the job done. Contact us today to learn about purchasing a newly constructed home in Tennessee.

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Categorised in: New Home Tips

This post was written by Capitol Homes