When Building a New Home, Buyers
"Don't Even Know What They Don't Know..."
WHY YOU NEED AN AGENT WHEN BUILDING A HOME
Avoid the "We Wish We Would Have Done That" Problem
Advice from a Realtor along the way can really make you feel like you made the right decisions UPFRONT.
Cost to You
Nothing! Any compensation given to REALTOR is recognized by the builder as a marketing fee and has no impact on the final cost of the home. Builders desire, expect and encourage REALTOR participation.
Savings to You
Are you getting what you're entitle to have ... both in quality and value? Your experienced agent knows what you should receive and what "extras" might be available.
Resale...Appreciation & Profit
Give your investment the best opportunity for appreciation at resale. Questions concerning site location, builder, design and decor are important. Your agent knows you are building not only for today ... but for tomorrow.
You Are Represented
With your real estate agent, YOU are represented! Your agent's experience, knowledge, and reputation represents strength and leverage on your behalf. A Builders on-site salesperson only represents THE BUILDER!
Builders Use Their Own Contracts
Builders are not required to use the Colorado Real Estate Commission approved forms-they are very PRO-builder contracts. A Realtor can explain the pros and cons of the contract and help to negotiate adding provisions the will protect YOU!
When you work with our team, we will go through the following steps with you:
BUYER PLANNING TASKS
1. Pre-approval and budget
-Interview Lenders if needed
-What does a lender need to see from you
2. Identify/prioritize needs and wants
-Examine lifestyle needs
-Items that deliver the most value
-What can and cannot be added later
-What is acceptable/objectionable
-Individual wish lists
3. Assemble a professional team
-Choose the right builder
-Professional Team Coordination between builder/architect/interior designer/landscaper/lender
4. Select Homesite/community
-Orientation of home on lot
-Match floor plan to size of home
-Match Homesite/House to lifestyle
5. Sign a solid contract
-Fixed/cost plus/bidding process
-Contract as agreement
-Specifications and materials list
6. Organize shopping tasks and more
-Plan buyer shopping time
-Coordinate product choices and costs
-Discuss design trends
-Agent as a local resource for referrals
-STAY ON DEADLINE
-Final walkthrough before sitting to the table/punchlist
-Review all documents BEFORE you go to the closing
-Get your keys!
8. After the Sale
-Maintenance of home
WHEN IT IS ALL SAID AND DONE, OUR TEAM WILL SAVE YOU TIME AND OUR TEAM WILL SAVE YOU MONEY WHEN BUYING A NEW HOME!
What You Should Look for in New Homes
Neighborhoods and modern conveniences are just a few of the reasons homebuyers choose new homes. But before deciding on your new dream house, make sure to do your homework and find the right builder for your needs and budget.
Finding a Builder
1. Look for an experienced builder with a good reputation.
2. Use your budget and how long you plan to stay in the home as helpful guides.
3. Find out what options are available for your home.
4. Choose a location that fits your needs and budget.
Look for an experienced builder with a reputation for quality workmanship and customer satisfaction. A great way to find a builder is to ask your real estate agent for a recommendation. Your agent can also guide you through tours of homes in new subdivisions, and help you make notes about your favorite houses and who built them. Once you've made a list, try contacting homeowners who previously worked with the builder and find out how satisfied they are with their homes.
Remember, too, that the model homes builders use to showcase their work may differ from other homes in the same development. For this reason, speak with the builder early on so you can find out exactly what options you'll have for appliances, cabinets, trim work, landscaping, paint colors, etc. Your builder will want you to enjoy your new home, so don't be afraid to ask about adding personal touches to get exactly what you want.
Choosing the Location or Lot
Try to find a location that suits both your lifestyle and budget. While factors like access to work and shopping are important no matter where you live, bear in mind that even lots within the same development can have drastically different prices. For example, a lot overlooking the 18th hole of a championship golf course will likely cost more than an interior lot a few blocks away. It's also important to find out whether your location is subject to any restrictions, homeowner's covenants or special assessments such as sewer and road fees.
Important Factors for Choosing the Right Location
Access to employment, shopping and transit
Convenience to recreation and parks
Quality of the local schools
Fire, police and utility services
Covenants, restrictions and special assessments
Negotiating a Price and Upgrades
When it comes to negotiating a price for your new home, it's wise to have a real estate agent representing you. Though deals can sometimes be found at the beginning or end of a new development, it takes an experienced agent to help evaluate different prices and handle the negotiation. One area where you may have the most room to negotiate is for construction upgrades. For example, you might agree to pay the full asking price in exchange for a custom fireplace and higher quality kitchen cabinets.
Virtually all new homes come with warranties covering structural defects and major systems such as the plumbing, heating, cooling and electrical systems. Make sure to speak with the builder beforehand about exactly what is covered and for how long. Another good idea is having the house inspected by a professional before construction is complete. Even the best builders occasionally make mistakes, but an experienced inspector can help identify problems during construction when they're easier to fix. To find a new house inspector, ask your agent for a recommendation.