For some buyers, there’s a misconception that newly built homes aren’t made to the same quality standard as in older homes. Unfortunately, this is turning some buyers away from what may be one of their best options in today’s housing market. Here are some reasons why an agent is essential when buying a newly built home.
As Builder Online says:
“As resale inventory remains limited and the price spread between new and resale homes narrows, new homes are increasingly an attractive value proposition for buyers, with incentives such as rate buydowns a way to help address ongoing affordability challenges.”
So, is there any truth to this belief? I’ll break down the best way I know to help make sure you feel good about looking into new home construction. That way, whether you buy an older home or you’re considering buying a newly built home, you’re not missing out on what I believe could be a great option.
Choosing the Right Builder
The key to making sure you get a quality newly built home is to choose a good builder. This might sound like a “duh” statement, but not all builders are great, and some probably shouldn’t even pick up a hammer. Reputable builders adhere to strict building codes and standards, use advanced construction techniques, and often offer warranties that cover structural issues for several years.
I believe this is why the Mortgage Reports offers this advice:
“When embarking on the journey of buying a new construction home, one of the most important steps is selecting the right builder. This decision can significantly impact the quality and satisfaction you derive from your new home.”
And while you could dig into research about all the builders in your area, there’s an easier option to get the job done: lean on a pro. When you work with me, I’m happy to provide you with a list of my top 3 builders in the area. Not just a few names scratched down from a Google search but tried and true quality builders who will ensure you have a quality place to call home.
Beyond that, maybe they’ve even worked with other buyers who opted for a home in one of the neighborhoods you’re interested in. Here are just a few of the things I’m able to help you with, as your broker:
1. The Builder’s Reputation: Your agent should be able to point you toward builders with strong reputations and positive reviews from previous buyers. Additionally, your agent will make sure the builder is licensed and insured. Membership in professional organizations, such as the National Association of Home Builders (NAHB), is also a good sign of a builder’s commitment to industry standards.
2. Their Model Homes: Your agent will also be able to tell you if the builders have newly built model homes you can tour. And when your agent walks through the model with you, they’ll draw your attention to the little details that matter most. Things like the quality of finishes, layout, and overall feel of the home.
3. Builder Warranties: Your agent will also be able to help you navigate any builder offers or incentives. Reputable builders often provide warranties to cover major structural elements of the home for a significant period of time. This is a testament to their confidence in the quality of their construction.
4. Getting Inspections: Even with newly built homes, inspections are crucial. Your agent will coordinate the inspections with licensed professionals to ensure the home meets safety and quality standards before you move in.
Agents Are the MVP When You’re Buying a Brand-New Home
Maybe that’s why data shows homebuyers unanimously scored their agents higher than their builders when looking back on their recent purchase:
So, you don’t need to worry that “they just don’t make them like they used to.” By working with a knowledgeable real estate agent to choose a reputable builder, you can feel confident when buying a newly built home today. As Realtor.com says:
“If you are interested in buying a new construction . . . You need your own real estate agent from the get-go. Even if it seems like plug and play to sign up with the builder’s on-site agent, you’re going to want someone representing your side of the deal.”
Bottom Line
If you’re considering buying new construction, don’t let misconceptions hold you back. Get the facts, see the builder’s other projects, and let’s work together to find you a newly built home you’ll love and be proud to call your own.