When you’re thinking about building a new home – one with all the space, convenience, and features you desire – you may find yourself buzzing with questions. What home style should you pick? How long will it take? How much is it going to cost? How do I know what questions to ask the builder? And the list goes on and on.
Never fear, we’re here to help to help get you started. Choosing a top-notch builder is all about asking the right questions. Here are 11 questions that will help you get all the information you need during your visit with an area manager.
1. When Will My Home Be Finished?
Being aware of the timeline for your new home build affords you plenty of room to plan ahead and prepare for a smooth transition. Furthermore, if you’re trying to sell the home you’re in now, this gives you a closing date to aim for. If you currently rent, you’ll be able to determine how much longer you’ll have to pay and be able to get a new renter to sublet your home if need be.
2. What Are Your Most Popular Home Models?
Most building companies have a variety of home models to choose from, and there will probably be a few that pique your interest. Although it’s wise to be aware of the builder’s most popular layouts, you shouldn’t let it influence your choice too strongly. If you prefer a different model that better satisfies your desires, go with your gut feeling.
3. Which Model Is The Most Valuable With Respect To Its Price?
When it comes to value in the long term, which model gives you the best bang for your buck? Try to think about the home’s cost effectiveness, durability, and resale value. With respect to resale worth, the home’s location, its visual appeal, and the integrity of the model’s framework are all important factors to consider.
4. How Energy-Efficient Is The Home?
If the home isn’t very energy-efficient, any money you saved on purchasing it will soon vanish after you move in. Find out if the home is designed to be economical, especially in terms of major elements like the heating, air conditioning, doors, and windows.
5. What Standard Features Are Included In The Home?
How will your new home look? What types of finishes will it have? Will the kitchen have granite countertops? Will it have stone, wood, or carpeted flooring? Once you know the standard features that come with the home, you’ll be able to decide if you want to add any upgrades. Which brings us to our next point…
6. What Are My Upgrade Options?
After you’ve determined what features are standard, you’ll want to know about the add-ons your builder provides. These would include any special finishes or accessories that are offered at an additional cost such as quartz counter tops, hardwood flooring, appliance packages and a few other must-have features. Some other possible upgrades could be plumbing fixtures, cabinets, and extra storage space.
7. Can I Alter Upgrades While The Home Is Being Built?
Many builders anticipate that you may change your mind about the enhancements you’ve requested. Check to see if you’re able to change any upgrades during the building process and if there are any extra costs involved. If you can’t make adjustments during building, you’ll need to know when things become set in stone in order to do so in advance.
8. Can I Cancel In An Emergency?
Life is full of surprises, so you’ll want to be prepared. Whether your job changes or another unexpected situation develops, you may need to cancel your building contract. Builders do things in diverse ways, so it’s a good idea to know if you’ll have the option of cancelling and, more significantly, when you’ll lose that ability.
9. How Will I Be Kept Up-To-Date On My Home’s Development?
After making this kind of major investment, you’ll no doubt want to monitor its progress. Building companies all have different means of updating their clients about their property’s progress. When you know what to expect update-wise, you’ll establish trust with your builder and feel more secure. Keep in mind a good builder will go above and beyond to keep you updated throughout the process.
10. Are There Any Builder Promotions Available?
Most builders offer some type of promotion at various times throughout the year. Find out which promotions are in effect at the moment, and also whether they will offer other ones later on. The most beneficial incentives should cater to your needs as much as possible, so make sure you select the option that best accommodates you and your family.
11. What Mortgage Companies Do You Work With? Am I Required to Use Them?
This question is of particular importance if you’ll be getting your first mortgage. The builder you choose is very knowledgeable about the home-buying procedure, which includes who to get in touch with for a mortgage.
Most builders have a list of preferred lenders they work with. They may be able to get you a better interest rate on your mortgage, and lock it in for a longer period of time. These lenders also have the added value of being experienced with the new home build process and the financing requirements along the way. Whether you choose one of these lenders or not, asking a builder this question will provide you with some valuable information you can add to your property purchasing toolkit.
These 11 questions represent the most basic concerns you’ll want to touch on when you speak with a builder. Seeking these answers ahead of time will not only help alleviate stress caused by the unknown, they’ll have you well prepared for your new home building adventure.