Buying a new home can be an exciting process but first time home buyers can skip some important steps when buying a new home that can cause long term issues. Here are some common mistakes that you should avoid if you are in market to buy a new build home in Coppell ISD, Carroll ISD, Frisco ISD or Highland Park ISD.
Not getting an inspection - I don't care, new construction, resale even Mom's house (buying from family). Get it inspected... the piece of mind alone is worth it. In Texas, this will cost you roughly $500 or less. A good report might be 50+ pages.
The key is to be informed, yet not be alarmed. There's always things wrong with a home, there's always things that might need to be replaced in the coming months or years. It's part of owning a resale home. If you are not comfortable with the idea of replacing an air conditioning unit in next 5 years, buy a new home!
Not shopping / interviewing - (HUGE!!!) Most buyers choose the first vendor they interact with, whether that's a real estate agent, lender, inspector, the list goes on. It's sooo worth it to get good people. Online shopping for people can be hit or miss depending on the profession. In general, stay away from mortgage people online, whereas you might only be able to find a good inspector by visiting ASHI (American Society of Home Inspectors) first. Do your research. And ask your REALTOR for recommendations!
Not working with a budget. - If you've been renting it makes sense to buy, but a lot of buyers just see what they can get vs what they can afford. It's very common to see first time home buyers end up "house poor" where they can't afford to furnish the home.
Not driving the neighborhood - Not driving from the neighborhood to work, or shopping, etc. Nothing worse than buying a dream home only to hate your new commute! Don't just google map it out, wake up one morning drive out to the house and drive to work, see what happens. Chances are really good that there will be some fears that you had that might vanish and NEW ones will be there. This happens most often with home buyers buying new construction. The allure of the home is stronger than the rational side.
Not interviewing the schools! - This one is HUGE too. Stats only give a small sliver of the school picture. Go and visit the schools, how do they handle visitors, how about how you are treated? Diversity? Seeing it in person is so much better than just an online survey. I've had several home buyers change their mind about an area after visiting the school Some schools look really bad on paper but have excellent individual programs for certain specialities.
Not researching the builder! - Builders have a reputation in the community that can be found out by talking to current homeowners and looking at sites like BBB. Home building is a tough business where big builders have an advantage over the little guys. This gives an incentive to the smaller builders to treat their customers better but at the same time if the smaller builder has financial issues, they may not be as prepared as a larger builder to handle the financial woes. Make sure that you do not end up paying earnest money to the builder that may go under!
If you are planning to relocate to Dallas TX metro area and are planning to explore cities like Frisco, TX, Plano TX, Coppell, TX or Southlake, TX to buy a new build construction home, contact us. Our excellent New Builder Home Real Estate Services provided by top Real Estate Agents will make buying your first home much easier and will make your Dallas TX relocation less stressful! Check out our Dallas Relocation Resources at http://www.nitinguptadfw.com/dallas-relocation-real-estate-agent