Problems with Home Builders and New Construction

stevelesterhomesfamilyWhen considering the purchase of a new home via construction  or a normal home-buy the big question always arises. “If I go with a home builder, how do I know what I’m paying for?” Buying from a home builder can be costly, confusing and cumbersome if you don’t consider the potential threats.

Are Upgrades Worth it?

In many cases, new home buyers let emotions take over and they lose focus between their needs and wants. They start adding all these wonderful options and features only to realize their dream home is now out of their budget and not a reality. When considering those options, it is recommended to choose those features that would be difficult or costly to add later. It is also important to consider options that will provide higher resale value in the future. Unlike a resale transaction, option choices in a new home build are extremely important as the basic model is not enough for most buyers. The challenge is to keep the options at an affordable amount which would be 15-20% of the base price according to some experts.

Hidden Costs

The reality is that it takes planning before you visit the new-home builder’s development and speak with their on-site salesperson. When you visit a community under construction, the sales agent at the model will ask you to register your name and contact information. If you do not register that you are represented by a real estate agent at that time, then the builder demands that you pay the agent’s fee. Because so many times consumers begin their new-home search in a spontaneous manner, they don’t think to speak with an agent first. One thing to consider is that if you do not register on your first visit to the builder, you should be able to return later with an agent representing you.The experienced agent is there to help you negotiate the purchase as well as help you budget for the cost of new-home ownership.

Do I need a Real Estate Agent?

We strongly recommend you recruit a trusted real estate agent who is experienced with working with the Frisco home builders. As you can see the new construction process can be a very lengthy and costly if you don’t anticipate each problem that might occur like a real estate consultant can. Not to mention, all fees are paid by the builder during new home construction, you don’t pay a dime!

Reserve a meeting with the #1 New Construction Agent in the Frisco, Steve Lester by calling us today at (469) 441-0849.

 

Print

No Comments Yet

Leave a Reply

Your email address will not be published. Required fields are marked *