Tuesday, February 17, 2009

New Construction

There are a lot of DEALS out there on newly constructed homes, along with many benefits.  There are even scenarios where purchasing new construction may be less expensive than some of the resale's in the same community. When purchasing a new home, (in most cases) the builder offers a one year bumper to bumper warranty. Anything wrong with the house, you just give them a call! Typically the second year is electric and plumbing followed by a limited 10 year structural warranty. 
Many builders will offer incentives, such as finance through one of their preferred lenders and we will pay for a portion of your closing costs. This amount can vary, but I have seen $3000 up to $6000 towards closing costs. They may also agree to pay 1 year of your Homeowners Association dues (if the community has one).
It is also important to use a Realtor when purchasing new construction. The sales person in the office represents the Builder/Developer, and it is important to have someone on your side.  Best of all, it costs you NOTHING!!
For more information on some of the areas that offer New Construction.