During the home buying process, there may be many exciting highs and some unexpected challenges. Managing a buyer’s expectations, especially during the building process is important to do before concerns arise. While a new home under construction will be yours soon, during the buildout, the builder and the construction crew will be in charge of overseeing the build and ensuring the safety of workers and the new home buyers. Equipping yourself with as much knowledge as possible can help realistically deal with the construction process, especially when some unexpected things occur, including bad weather which can significantly delay construction timelines.
Will the builder let me visit the construction site of my new home often? Builder’s should welcome the buyer visiting the construction site of their new home. There are some considerations that both may have for the other in these situations. First, a construction site can be dangerous with nails, metal, brick, stone and wood scraps, so it is advisable that you let the builder know when you’d like to visit so they can make sure that it is safe for you to roam the site. Second, there may be times when the builder would prefer that you visit, such as when someone is working on the home that can give you answers. Most builders will keep you informed about your home’s progress and share any updates with you as your ho e nears completion.
Once I start building my home, what happens if I change my mind abo t some of the elements in my home? Once the home building process begins, making changes to an established plan will almost always come with significantly increased costs and longer build time. It is advisable to make all the changes you wish to your home prior to the contract being signed.
How long will it take to build my new home? Most homes take between 4 to 9 months to build. Some high-end custom homes can take over a year to complete.
My home is taking longer to build than the builder told me and now, I’ve got to find a place to live until the home is finished. Will the builder pay for my interim apartment? This is a tricky question. In most cases, the builder will not be responsible for your living arrangements while your new home is being built. If a home is taking longer to build than anticipated, it may mean that you’re going to need to stay with family, in a hotel or an apartment until the hoe is ready to move into. Some builders will help with this expense, but not all will. If you’re concerned that the builder of your new home may take longer than anticipated, you may want to discuss provisions in your agreement that they will help pay for emergency living expenses if they don’t complete the home in time.
My builder told me that he wouldn’t write a contract unless he saw a pre-qualified letter from a bank. Why? Many builders want to make sure that you’re a bonified buyer that can afford a home. One way to do this is to require a pre-qualification letter from a bank before they spend time showing shoppers homes that they cannot afford. While most builders won’t go to this extreme, there are some that won’t even show you a house unless they see this document. Many real estate agents have started using this tactic as well. Getting pre-qualified is a good idea for any new home shopper prior to beginning the process of shopping for a new ho e. This information will let you know how much home you can afford and help you focus your search.
What items should I bring with me to a model home? When you visit a model home, you should always bring your phone so you can take pictures of the home or homes you’ll be visiting. Take pictures of the rooms from different angles, so you have a good idea of what the home looks like when you’re back at your house. Also, take pictures of lighting fixtures, faucets, and fans that you find attractive. You should also bring your list of wants and needs and get some preliminary pricing for each item you think you’d like in your home. You may not get exact pricing on everything you want, but you’ll get enough of an idea of what some things cost when you’re back at home adding up numbers. At some point, you’ll want to bring your children if you have any to see how they move in the space. Bring a pencil or pen so you can m ark-up floor plans and get exact square footage. Bring a clipboard so you can make notes. You can also bring your pre-approval letter to show the on-site salesperson to make sure they’ll be fully engaged with you because you’ve demonstrated that you’re a serious buyer.
If I want to visit a model home, which is the best day of the week to shop? The most popular day of the week for families to shop for new homes is Sunday, followed closely by Saturday. Most on-site salespeople are off on Mondays and Tuesdays or Tuesdays and Wednesdays. During these days the builders will have a sales assistant or a real estate agent in the model. If you want to look at a model without a sales person following you around, it’s best to go on a day that they are not working. If you’d like an expert on the home to answer questions, it would be best to visit a model as early after they open (usually 10:00 am) on a Thursday or Friday. That way you’ll have the model and the salesperson all to yourself as you shop.
Managing expectations during buildout can help keep buyers as excited as they did the moment they signed the contract to help make their dream home their reality!