New Construction Homes
New construction home permits across Connecticut rose exponentially after a slow start. The number of buyers in this real estate sector is poised to see a positive gain once more for 2021. Some experts speculate it’s because New Yorkers now want to flee the city wrought by the pandemic, and they want a fresh start. Many buyers want a newly-constructed home, especially for desirable areas across Connecticut like Hartford, Hebron, East Hampton, Glastonbury, and Marlborough.
What To Look For In A Newly-Constructed Home
Purchasing a home constructed just for you is an exciting event. Some home buyers that purchased both a newly built home beats buying already built homes hands down. It’s a great feeling to walk into a home built to your specifications. Even if it’s not a new build that you didn’t have a hand in the specs, everything is new, pristine, and you’re the first owner to create memories in this home.
If you’re looking to purchase a new construction home, here are a few things to consider:
Typically the builder and real-estate agent have references upon request for the builder.
Buying a home is an enormous life step, so know your builder. Even though you have references from those sources, it’s wise to speak to others who bought houses from that builder and get their experiences. Touring around one of the recently built neighborhoods tells a buyer a lot. Many residents out and about the community love to talk about their new home, especially if the experience was good.
Most home builders supply warranties, and some state laws require this. You’ll find the warranty is either included in the sales contract or purchase agreement or as an entirely separate document. Look at the warranty period, and you’ll probably see the length of time consider with the category of work. Warranty lengths are typically one year for labor, one year for materials, two years for defects to electrical, heating, plumbing systems, and ten years for structural issues. Talk to a third-party expert to help you understand what’s covered, how long, and the responsible party.
In many instances, buyers decide on particular design options in pre-built homes on tiles, lighting, countertops, carpeting, paint, and various fixtures. Most times, you can upgrade these options or add ones for an additional price. Now there are two schools of thought on options. If you want to keep the cost down, don’t go wild getting picky and keep the design-builder chosen. However, replacing design aspects later proves to be more costly in the long run.
Look For Defects
Even though you’re buying a newly constructed home, it can still present defects. These issues can be structural, such as sagging floors, buckling walls, uneven doors, and foundation cracks or shifts. Drainage can also be an issue, especially if the lot was re-graded. Other defective items around a new construction are incorrectly installed appliances, improper plumbing, septic system, and electrical wiring. Chances are, a layperson doesn’t understand what to look for when it comes to these aspects of homebuilding—another instance where you shouldn’t be afraid to attain a third-party expert to help.