Buying new construction homes in South Florida is no longer the same as buying a pre-owned home as there are a lot of things you would have to ponder upon even before reaching the stage of selecting one from your favorite 5.
Before making a ‘favorites list’, you need to keep a check on anything and everything, every minute detail, associated with the house in order to make a smart investment. Thus, make sure to go through the following steps to be able to pick the right home and turn your key in the front door.
Table of Contents
1. Conduct a Thorough Research
Just because the construction home is built by a builder you like or situated in your desired location, doesn’t mean it will be well-suited for you in the long run. Researching while making any purchase is imperative and so is it here too.
You need to consider both the factors: Builder’s reputation and the location. Make sure to have a perfect balance between these two factors, that is don’t settle for a home just because it is built by your trusted builder or just because it serves the best location for you. When both these factors together work well, settle for it.
The best way to approach this can be to go to your favorite location and then ask around about the builders that are currently developing in that area. You’re certain to get a pretty good idea about it.
2. Set your budget beforehand
Well, that’s important as buying new construction homes in South Florida isn’t a child’s play when it comes to getting your finance in order. So, go through your current debt status or you can also consider talking to a mortgage broker or financial advisor to come up with apt decisions through the process of buying a new construction home.
Thus, have a look at your income first and set a budget beforehand by taking into consideration everything that you would be able to afford.
3. Ask a lot of Questions
You don’t want to be surprised, not in a good way, after making a huge investment, right? Then ask a lot of questions. Everybody’s excited, everybody’s inquisitive about their new home. There’s no harm in throwing an array of questions before placing a sign on the dotted line for your new construction home.
Ask about:
- The warranties offered on the home
- Property taxes in the area
- Neighborhood fees
- Landscaping that is included
- Rules and regulations of the area
- Expected closing costs
Basically, you can ask the builder’s sales agent anything that you aren’t aware of. Make sure to make a list of your questions so that you don’t miss the important ones.
4. Make Smart Decisions
Wow! A new construction home. What an ecstasy! But don’t forget about the things that would enhance the aesthetic features of your home. You need to make smart decisions while selecting the right products and services that would meet your needs and wants and would not stretch your budget too thin as well.
You may have a good talk with your builder’s design team or expert and foresee how things would look like once everything is put together in your new construction home. Here’s a list of things you might possibly want to consider while making your smart choices:
- Electrical lighting and outlets
- Flooring
- Kitchen design
- Interior and Exterior design
- Fixtures
- Building materials
- Placement of windows and other compartments
5. Sort out your In-Between Living Condition
The time that exists between when you sell your existing home and move in your new one is very crucial. You need to wisely handle this living condition as well. Don’t be in a haste and sell your current home even before your builders get to work. In that case, you would have to find a new living for a good six months or more.
On the other hand, don’t wait until the last minute to sell your home because that too is risky. Thus, it’s better to have a talk with your real estate agent to arrive at the optimal time to list your home and also to sort out your in-between living condition during those few months.
Conclusion
So, these were 5 steps you should know before trying your hands on some of the new construction homes in South Florida. You need to be patient during this time as something big is sure to come in your way. Thus, act patiently and arrive at the right decisions for making your new home your own sweet home!