Episode 5: Buying new construction
Episode Summary
New construction homes are a great option for first-time home buyers because they often come with incentives from builders, such as lower down payments and price breaks. Additionally, these homes come with warranties that cover any quality issues, reducing the risk of unexpected
1. Why do you recommend new construction homes to first-time home buyers?
New construction homes are a great option for first-time home buyers because they often come with incentives from builders, such as lower down payments and price breaks. Additionally, these homes come with warranties that cover any quality issues, reducing the risk of unexpected repair costs. As a realtor with strong relationships with builders, I can negotiate additional benefits for my clients, such as including appliances or getting a portion of closing costs covered.
2. What are some of the incentives that builders offer for new construction homes?
Builders often offer incentives to make new construction homes more appealing. These can include lower down payments, price breaks, and even including appliances like a washer, dryer, or fridge. Some builders also offer to cover a portion of closing costs or offer credits to buy down the interest rate. These incentives can make new construction homes more affordable and attractive to buyers.
3. What is the advantage of having a warranty on a new construction home?
A warranty on a new construction home guarantees the quality of the build for at least one year. This means that if there are any issues with the home, such as a faulty air conditioning unit or improperly installed flooring, the builder will fix it for free. Some parts of the home, like the roof or furnace, may have longer warranties. This reduces the risk of unexpected repair costs for the homeowner.
4. What should a new homeowner do to extend the warranty on their appliances?
New homeowners can extend the warranty on their appliances by filling out and sending in the registration cards that come with them. This not only lets the manufacturer know if there’s a recall, but it also usually results in a one-year extension on top of the normal warranty. This can provide additional peace of mind and financial protection for the homeowner.
5. What is the importance of having a realtor when buying a new construction home?
Having a realtor when buying a new construction home is important because they can represent your interests and negotiate on your behalf. Realtors have relationships with builders and can often secure better deals and incentives for their clients. Without a realtor, you may not be fully represented and could miss out on potential benefits.
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