Be Prepared: How to Buy a Home From a Builder

Buying a home in a new master planned community can be a fun and exciting experience, whether it’s your first home or you’re looking for an upgrade. No matter if you’re an experienced or first-time homeowner, it’s important to know the steps involved and understand the process. Here are four tips on how to buy a home from a builder in any development: 

Do a Deep Dive

Before making any decisions, take some time to research different builders and developments that may interest you. Look at floor plans and amenities offered by each one so that you know what is available before committing financially or emotionally. All of the builders at Rivers Pointe offer customizability. So, unlike with an existing house, you have the opportunity to weave your style into a new construction home as it’s being built. 

Visit model homes for the builders you’re interested in. Ask questions about which elements of the model are upgrades and which are standard. Additionally, take a look at each community’s amenities, codes and HOA fees. It’s always best to feel as prepared as possible. 

Get Pre-Approved Financing

Once you have narrowed down your options, it’s time to get pre approved financing so that when it comes time for closing there won’t be any surprises. You’ll want to speak with lenders who specialize in construction loans since they can provide insight into potential pitfalls and hidden fees associated with buying new construction homes versus established ones. Being pre-approved helps when it comes to deciding on finishes or upgrades: You’ll already have an idea of what fits within your budget range.

Negotiate With the Builder

After getting preapproved financing, it’s now time to negotiate directly with builders about pricing , upgrades, etc. A real estate agent may or may not be involved in this process. Be prepared to go back and forth several times until both parties agree on terms that work best for everyone. It helps to ask questions related to warranty coverage, contingencies, etc. in order to ensure peace of mind throughout the entire process.

Close on the Home 

Finally, once everything has been agreed upon between buyer and seller it’s now a closed house sale. Make sure to review all paperwork thoroughly prior to signing documents to ensure nothing was missed during the negotiation phase, otherwise it could lead to costly issues later on down line. During this step you also need to set aside money to cover closing costs such as taxes, insurance title transfer and other items required to complete the transaction successfully without issue moving forward.

How to Buy a Home From a Builder at Rivers Pointe

When you buy a home from a builder the process will feel a bit different from purchasing an existing home. Most buyers are very excited about the prospect of a brand-new house built just for them. Following these four tips should help make the process smoother overall while ensuring long-term satisfaction after moving day arrives. If you’re interested in working with one of our builders to build your new home at Rivers Pointe, contact us today for more information. Want a proper tour of the community before you decide to build? Schedule a personal tour of the development with our developer, John Toebben.