Buying New Home Build in Phoenix | Andrew Robb - Peoria AZ ...

New homes offer innovative use of space and style, greater energy efficiency, a choice of options and upgrades, plus everything is new and modern. Exitsing (resale) homes on average are less expensive, often are in established neighborhoods with mature landscaping and have already settled, eliminating possible problems that arise from this happening after purchase. As you can see, there are advantages to both. Most people consider both new and existing homes before they decide to purchase. Should you be thinking about buying a new build, here are 10 tips to save you time and money before you visit your first model home:

? Get in Touch with Me
Before you visit your first model home, sit down with your agent and do your homework. You?ll want to be prepared so that you can determine a comfortable price range for your new home. If you own a home, you?ll first need to know the net proceeds from its sale in order to determine how much cash you?ll have to work with. Don?t simply estimate this: carefully calculate every possible selling cost. If you?re a first time buyer, you?ll need to first qualify your income. Determine the size of your downpayment, then work out a monthly debt load so you can determine a comfortable price range.
? Seller?s Agents vs Buyer?s Agents
Here?s a good point to remember. The sales agent in the model home represents the builder, not you. They are known as seller?s agents. As a buyer you can work with a buyer?s agent at no cost. It?s his/her business to best represent your needs by being knowledgeable about home construction, warranties, financing, differences in pricing, quality, even lot selection so that you get the best value for your money.
? A Builder For All Reasons
Like all tradesmen, builders vary in their fields of expertise. For example there are builders who specialize in craftsmanship, others who are known for their innovative use of space and those who offer below-market financing. Determine your own specific needs or preferences then shop around for a builder that will best address your requirements.
? Get the Facts About Your Builder
Before making a final decision, it is wise to check out the reputation and financial strength of the builder. Get ?spec sheets? on home features covering everything from floor plans to energy efficiency, including lot availability and delivery of your home.
? Check Out the Neighborhood
- Learn as much as you can about the community
- Discover what amenities it has to offer
- Find out from local land-use officials what else is planned or could be constructed in the area
- Review the rules for the homeowner?s association (HOA)
- Think of how you will be affected by commuting routes and times
? Choosing Options and Upgrades
The less expensive the base price of the house is, the more options and upgrades you can add without fear of overpricing it for the neighborhood. Options are items the builder installs during construction, such as adding more usable space. These features can add the most to the resale value of your home. Upgrading means selecting quality above ?builder standard? such as carpeting, tile, detailing, kitchen fixtures and appliances. Be sure to take advantage of builder incentives that offer free upgrades or credit off the sale price. Remember you can add items like landscaping later and sometimes for less money.
? Negotiations
Often buyers don?t realize that there may be room for negotiating price, upgrades or options. For example, you have some scope for negotiating with the builder if they have a completed a home but haven?t sold it. Also some ?premium lots? are priced higher and are sometimes saved to be sold last. Keep in mind that typically, all lots cost the builder the same, so be sure to enquire about lot pricing. Builders may offer discounts or special financing to help close a sale.
? Be Sure the Contract Works in Your Favor
When spelling out the particulars of an agreement with your builder, ensure you protect yourself by having safeguards written into the agreement, such as:
- placing your deposit in escrow
- detailing your upgrades
- allowing you access to the construction site to check on progress
- a 30-day advance notice of the closing date
- an explanation of what the fine print means in the warranties of the builder and manufacturer
? Financing ? What?s Best for You?
Some builders, especially in high-volume communities that place large numbers of loans, can offer special financing packages. However, because ?home loan? lending is highly competitive, you have many financing choices other than those being offered by the builder. Shop around for everything, from rates to lender fees. Appraisals, inspections, surveys, attorneys and closing fees can vary as well.
? Just Because it?s New? Doesn?t Mean it?s Perfect
Yes it?s new and typically it?s built with modern materials that are durable, low maintenance, stronger, quieter and safer. But because nothing is perfect, even if it?s new, consider hiring a reputable, licensed home inspector. Then create a builder ?punchlist?, from what you?ve learned to address any problems before closing. Consider budgeting for items to be modified or added later on. Many new home buyers use a real estate agent to help them negotiate the best price and terms with the builder.

Here?s a fact that you may not be aware of. Some builders have newly-constructed homes available for immediate delivery. Usually these homes are ready to move into within 30 days. Immediate delivery homes may be more desirable because, sometimes builders offer financing incentives or free options. This may be done in place of chopping prices to appeal to buyers purchasing later in the building phase. An immediate delivery home is an advantageous way to purchase a home if you need to move in quickly.

Source: http://www.andrewrobb.com/buying-new-home-build/

university of kansas buckeye west side story final four 2012 bridesmaids winning lottery numbers megamillions winner