Shopping today is so convenient. You only need to add items to a cart and enter your credit card details. It’s more complicated when you’re shopping for a home, especially one that’s brand new.
So why go with a new build? For one, you can customize new home construction Bay Area to fit your preferences. You can choose modern designs and go with energy-efficient features. New homes are also built to meet the latest building codes and safety regulations.
New home construction is also more affordable than buying an existing house. Building a new home costs an average of $308,758. An existing property today has an average sale price of $434,700. This is why new construction houses make up about a third of today’s housing market.
The process of buying a new home construction is like that of an existing property. But there are some extra steps and considerations. Here’s how to buy a new construction home.
Decide on Your Budget and Financing Options
You should first determine how much you can afford before diving into your home search. New construction homes Bay Area often come with customization options. These will add to the base price.
It’s best to get pre-approved for a mortgage first. It will help you understand your financing options. This can also help you determine your budget.
Research Builders and Communities
Choosing the right builder and community is crucial. Research builders in your desired area. Check out their past projects and look at their model homes. You should also look for reviews or complaints. This will help you gauge the contractor’s reputation and build quality.
Work with a Real Estate Agent Specializing in New Home Construction
It’s best to have a real estate agent specializing in new construction at your side. This specialist can help you navigate negotiations. They can also recommend reputable Bay Area contractors. A professional real estate agent will ensure your interests are always protected.
Visit Model Homes and Explore Floor Plans
The best construction companies in San Francisco have model homes you can tour. Visiting these units will help give you a feel for the finished product. You can explore different floor plans until you find one that suits your lifestyle and needs.
Understand the Construction Timeline
One of the advantages of new home construction is the ability to move into a space designed for you. Building from scratch takes time though. Make sure you understand the construction timeline.
The best Bay Area contractors will explain the timeline in detail. They will also include milestones like selecting finishes and inspections.
Negotiate and Review the Contract
Buying a new construction home requires signing a builder’s contract. Make sure you review the contract. Don’t hesitate to negotiate terms. Check that the contract includes details like the timeline and warranties. It should also have a detailed breakdown of what’s included in the base price.
Be Mindful of Your Upgrades
One of the most exciting aspects of new home construction is customizing it. You have the option to choose upgrades, whether it’s the flooring or countertops. Don’t get carried away though. Focus on upgrades that add value to the home. This can be energy-efficient features or a spacious kitchen.
Schedule Inspections During Construction
Inspections are vital, even if it’s a new home. You must schedule inspections at different stages of construction. For example, inspect your home before the drywall installation. Then do another inspection at the final walkthrough.
Inspections are crucial as they can help catch potential issues early. It also ensures the contractor is building your home to the highest standards.
Close on Your New Home
The closing process only moves forward after the completion of the structure. The house should also pass all inspections.
Closing involves signing the final paperwork and transferring funds. This is also the stage where you’ll get the keys to your new home. Make sure you understand all the closing costs. You should prepare everything in advance.
One Last Thing
At Pacific Bay Construction, we’re here to help bring your dream home to life. We’re a family-owned kitchen and bathroom remodeling company. Our company has been creating stunning spaces in the San Francisco Bay Area since 2011. We’re dedicated to excellence and top-tier craftsmanship. Our team specializes in bath and kitchen renovations. We also handle full home remodels. We’re licensed and insured. We’ll ensure your project is in safe hands from start to finish. Give us a call at (925) 775-3173 to schedule a free consultation. You can also reach us here.
