Buying a new construction home provides an opportunity to start fresh. Some advantages include getting the features that you want, fewer surprises and less maintenance costs, and energy efficient with smart technology. The disadvantages include upgrades can blow your budget and should be closely managed.

There are three categories of new construction. A custom home starts with an empty lot. You hire an architect and a builder. A semi-custom is typically purchased from a developer with some leeway on finishes and design. Choices are more limited than with a custom home. And finally, a spec home is a prebuilt home that may allow you to select the paint colors and add-ons.

Steps for purchasing new construction:

·         Get pre-approved with a lender.

·         Hire a real estate agent.

·         Check out builders.

·         Research builders and neighborhoods.

·         Negotiate finishes and price.

·         Schedule an independent inspection.

Contact one of our agents to help you with selling or buying a new home.

Rodney McCoy | 601.383.1019 | rmccoy@rightsizerealty.com
Jamie McCoy | 601.259.0461 | jmccoy@rightsizerealty.com
Andrew Tyre | 601.842.4270 | atyre@rightsizerealty.com
April Fedric | 601.955.5332 | afedric@rightsizerealty.com

Paul Tyre | 601.709.9002 | ptyre@rightsizerealty.com

Dianne Nelson | 601.421.7094 | dnelson@rightsizerealty.com

References:

Mears, T. (May 5, 2016). 10 Things You Must Do Before Buying a New Construction House. U.S. News Retrieved from: https://realestate.usnews.com/real-estate/articles/10-things-you-must-do-before-buying-a-new-construction-house

Musinski, B. and Tarver, J. (March 23, 2021). How to Buy a New Construction Home. Forbes Advisor. Retrieved from: https://www.forbes.com/advisor/mortgages/new-construction-home/