Buying New Construction Homes: Some Pointers

Are you considering purchasing a new construction homes Lexington, KY? Do you want to buy anything completely new? Purchasing a new building requires some knowledge. They have several advantages, including energy efficiency and no worn-out parts that need to be repaired—plus, you may customize it to your liking. However, there are some elements to consider regarding the new building, such as budget and schedule. Here are some of the best essential factors to consider when choosing whether newly built homes are ideal for you.

Understanding what a newly constructed house is the first step in purchasing one.

A new build home is one in which the buyer is the first to live in it once it is completed, but this can occur in various ways. A customer can buy their property and hire everyone they need to build a custom home, including an architect and a builder. On the other hand, a buyer may purchase an entirely constructed home and the land it sits on from a developer. The home-buying process can be anywhere in the middle. For instance, a buyer might buy vacant property from a developer and then select from a variety of home design alternatives, after which a builders in Lexington KY will construct the home.

Recognize your personalization options (and costs)

The following personalization choices are available in most new build homes:

  • The home was built on the speculative market and is available for buy as-is.

  • The structure is mainly completed, but there are some options for customization.

  • You have complete control over everything.

Once you've decided the level, you're comfortable with, be sure you understand what's included and what's not. Then get it down on paper. If the quartz counters and hardwoods you adored in the model come with a hefty price tag, you'll be disappointed.

Keep track of new construction schedules.

Aside from the cost, timing is an important consideration when picking customization options (or whether to go with new construction at all). Because of weather, vendor worrying and waiting for procedures such as to permit clearances, the timing for building a home can be unpredictable.

The faster the procedure should run, the further the home is in the construction process when you buy it (whether it's semi-custom or on-spec, for example). Building a home takes three to seven months on average, depending on size, but it's not uncommon for it to take a year closely if there are any delays.

If you're thinking about building a new construction home, pick a design that complements your current living environment. Building from the ground up can be suitable for you if you're willing to be flexible enough to allow for a long—and perhaps unpredictable—lead time. A semi-custom or built-on-spec home may be a better option if not.

You should hire your agent and lender.

Purchasing new construction is similar to buying a home: you'll need a team that has your best interests at heart. Just as you would with an existing house purchase, research, interview, and hire your real estate agent, and apply to various mortgage lenders to locate the best offer. Builders frequently have an on-site realtor and preferred lenders, and it's not uncommon for them to advise purchasers to utilize their services exclusively. However, you should conduct your research. While a builder's lender may provide you with incentive money, an outside lender may charge you less in points, resulting in more significant savings over the life of your loan.

J Perry Homes is one of the builders in Lexington KY specializing in semi-custom and production subdivisions. Our new home development is noted for its eye-catching exteriors, contemporary floor plans, and designer-inspired interiors, as well as its attention to detail. J Perry Homes construct homes that we would desire for our own families, from using environmentally friendly building materials to incorporating air barriers to safeguard indoor air quality and ventilation. Our entire staff is devoted to guaranteeing that no shortcuts are used in our houses, from the J Perry family to the office manager to the site superintendents.