Pitfalls of New Construction

Buying a new construction home can be an exciting endeavor, with all the modernamenities and customizable features that come along with it. However, as with any significant investment, it's essential to understand the potential pitfalls that can come with buying new construction homes.

Here are some common pitfalls to keep in mind:

1. Construction Delays

One of the biggest disadvantages of purchasing a new construction home is the potential for construction delays. Despite a timeline, construction projects can face unanticipated challenges that could cause delays, impacting the move-in date.

2. Cost Overruns

Just like a construction delay, cost overruns can also create issues for a new construction home buyer. Builders often must change the home's original plans, potentially causing additional expenses. Such alterations can result from changes to the construction site or changes to the home buyers' preferences.

3. Limited Options

While customizing a new construction home can be an exciting feature, it's important to remember that developers often only allow a limited number of options. This limited selection of choices provided by the developer might limit the buyer's ability to create a fully customized home.

4. Quality Control Issues

It's common for newly built homes to have some issues that require additional repairs, typically due to poor quality control during construction. While a home inspection can and should help reveal defects, the buyer may have to contend with certain issues that can be missed.

5. The Honeymoon Period

While new construction homes might look great and come with many functional features, it's essential for homebuyers not to get lured by their initial appearance. Most importantly, new features and designs will not solve issues such as a neighborhood with high crime rates, poor school systems or noisy environment. It's crucial to investigate the background of the area carefully.

In conclusion, buying a new construction home may seem like a dream come true for many, but weighing the pros and cons before making a final decision is crucial. Researching the developer's reputation, obtaining representation from an independent REALTOR, and having an inspection in place are necessary steps buyers should take to mitigate the risk of purchasing a new construction home. Contact us today to schedule your new home consultation to avoid these pitfalls and more!