If you’re thinking of moving to a new home as you step into retirement, building a new construction home is an attractive choice for many reasons.
Not only do you get a home with that clean, crisp new-home smell and appearance, but you also have the opportunity to customize both the interior and exterior of the home, making it your own. New homes are also built with the latest technology, meaning they are going to be more energy-efficient and require less maintenance than an older home. And these new communities are also in desirable areas with a ton of amenities like shopping, restaurants, and entertainment.
While buying a new home might seem like the best option, not every deal is a good one. If you are thinking of going this route, here are a few tips to ensure your new home buying experience is a good one.
1. Partner With a Realtor
Although you’re never required to hire a realtor when purchasing a new construction home, it’s still an excellent idea. When you buy from a builder, you don’t necessarily want to pay the asking price, and your realtor can help you get the best deal on the home as well as help negotiate upgrades. And, if there are delays, you want a realtor in your corner that will advocate for your interests.
2. Choose Your Lender
Many new home sellers have their own in-house lenders. But, it’s a good idea to have your financing lined up before you go shopping for a new construction home. That way, you can decide who is offering the best deal and walk into a community with a mortgage pre-approval.
3. Understand How Models Are Staged
Model homes might be enticing, but it’s important to understand that those units typically have every upgrade possible as well as the benefit of professional staging. That said, it might be possible to purchase a model home for a good price if you are willing to wait until the builder is finished with it.
4. Research Different Builders
When you decide to purchase a new construction home, you’ll likely have a lot of choices in builders, from national companies to local ones. Make sure to do plenty of research before you make a decision, including reading plenty of homeowner reviews and following up with questions.
5. Get a Home Inspection
There’s a common misconception that new construction homes don’t have issues. Many do, so it’s beneficial to have your home inspected during construction and before closing. An inspector can identify any issues during the construction process, and you can ask the builder to fix them before you move in and they become inconvenient warranty issues.
6. Know Your Contract Details
Every new home builder puts different terms in their purchase contracts. Make sure you and your real estate agent thoroughly understand the details of your contract. This is important with regards to deposits, closing dates, upgrades, financing approval, and other important deadlines. If the builder isn’t holding up their end of the contract, you should always be prepared to walk away and find a better deal.
Ready to Build Your Retirement Dream Home in North Carolina?
If you’re thinking about a new construction home for retirement living, there are plenty of options in Coastal North Carolina. Chris Creekmore at Creekmore Realty specializes in helping relocation and second-home purchase retirees in New Hanover and Brunswick Counties find the perfect homes and communities. Contact us today to find out more about what this area has to offer and some of the new home construction 55+ communities in the area.