New Home Construction
There are many things to consider when contemplating new
home construction vs. buying a home that is already built. Having
a new home built can not only be very stressful but it can also
become very expensive. There are several things you can keep
in mind to avoid falling into a money trap.
Keep in mind that even experienced contractors have regretted
the decision to be their own general contractors due to the
complexity of the process and all that can go wrong. There are
also many factors of new home construction that have to do with
the financing aspect that can have you pulling out your hair.
On the other hand, there are definately some positive aspects
of new home construction. Many of the larger home builders today
are offering a wide variety of floor plans with a slew of customizable
options for cabinets, doors, building materials and energy features
that will fall into the contraints of their standard lot sizes.
One task that may be worth your while is asking if your home
builder will include closing costs in the final price of the
construction. Make sure to research builders thoroughly before
contracting them. You should talk with other home owners in
the community you're looking to build in and ask for references.
Also, check with the Better Business Bureau to see how your
prospective builder stacks up. Has your builder resolved problems
in a timely manner? Have they stuck to their original completion
dates?
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