5 Key Questions to Ask Before Buying New Construction

Buying a brand-new home is a thrilling experience, from being the first to live in the space to the possibility of choosing your own finishes and layouts. However, purchasing new construction comes with its own unique considerations. To make the most of this exciting opportunity, be sure to ask the following questions during your search.

1. What Are the Long-Term Plans for the Community?
   Most new construction homes are part of a development or master-planned community. It’s essential to ask about future plans for the area. Will there be additional subdivisions, parks, or amenities? Are there plans for schools, retail spaces, or recreational facilities?
   If only a few homes are built so far, be prepared for ongoing construction noise and traffic for the foreseeable future. Also, research the builder’s reputation to ensure they have the resources to complete the community as planned.
2. What Are the HOA Rules and Fees?
   Many new developments have homeowners associations (HOAs) with specific rules and regulations. Ask for the HOA bylaws and CC&Rs (Covenants, Conditions, and Restrictions) to understand what’s allowed—particularly for exterior modifications or landscaping.
   Also, find out when HOA fees begin. In some cases, fees may start before your home is completed.
3. Are Buyer Incentives Available?
   Builders often offer financial incentives or upgrades to attract buyers, especially in the early stages of development. These incentives might include discounts, free upgrades, or closing cost assistance.
   However, make sure to read the fine print. Some offers come with conditions, such as using the builder’s preferred lender.
4. Are Warranties Provided?
   Most new construction homes include warranties, but the coverage can vary. Ask if the builder offers a workmanship warranty covering components like windows, roofs, and HVAC systems. These warranties typically last one to two years.
   You should also inquire about structural warranties, which provide coverage for foundational issues. Ensure you understand what’s covered, for how long, and what your responsibilities are if repairs are needed.
5. Can I Speak with Current Homeowners?

It’s always wise to do your research before making a major investment. While builders often provide positive testimonials, talking to current homeowners can give you a clearer picture of what to expect. 

Purchasing new construction is exciting, but it’s important to ask the right questions to ensure your investment meets your expectations. We can guide you through the process, helping you make informed decisions every step of the way.