Top 5 Things You Need to Know When Building a Home

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Rise Utah Realty
Published at : 26 Jan 2021
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The first thing you need to know is to have patients. It takes time to build a new home. Most new homes take 4 to 9 months to complete. It’s also important to remember the contract you sign is in favor for the Builder. Builder’s contracts have clauses that allow the flexibility for weather, and other home builds at the location. Which may cause you to increase your wait time. What you need to have is flexibility with your living situation. Be prepared to possibly paying month-to-month rent while you wait.
The second thing you need to know is the Builders have a preferred lender. On top of prequalifying they will also want you use their lender. It may be a benefit to use the Builders lender. But on occasion there are gift offers that my cause an extra charge in the backend. Be sure to compare your lender and the Builder’s lender before you make your decision.
The third thing you need to know is about Sale price. In the current market the Base Price is not negotiable. So you may find a Lot that you really love but that specific lot is in fact 10,000 dollars more than originally intended. Upgrades are also not included within the Base Price. So the model home you had originally walked through might not be in your price range.
The forth thing you need to know is what’s not included. Typically a new construction does not include a finished basement, backyard, and fence. These upgrades are figures you may want to think about when deciding on your budget.
The fifth thing you need to know is to bring your own Agent. The Buyer’s agent represents you as the buyer. When walking through a model home the agents that may approach you represent the Builder.
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