What to Know Before Buying or Building New Construction
New construction is the ultimate luxury for many homeowners. While moving into a brand new home can be an exciting experience, the process of buying new construction is not easy. It requires the know-how to navigate the ins and outs of a complex transaction.
At McFerrin Real Estate, we pride ourselves on providing top-level service to our clients. We are thrilled to have assisted a multitude of our clients in purchasing brand-new construction in Boise, Eagle, Meridian, and throughout the Treasure Valley. If you’re looking at new construction, having the right advisors on your side will give you the peace of mind that you’re making the right decisions.
In the hot Boise market, many buyers are choosing new construction due to a lack of inventory. It’s absolutely an option worth exploring. New construction gives you the chance to get your dream home at a dream price.
Featured Community - Star River Ranch
Located off of Highway 44 and Bent Ln, the brand new Star River Ranch is the definition of refined country living. Located in the beautiful city of Star, Idaho, Star River Ranch provides tranquil walking paths, easy access to the Boise River, and premium waterfront homesites throughout the community.
Star River Ranch features an incredible builder team that ensures unparalleled quality and service throughout every step of the building process.
Why You Should Consider New Construction
Buying new construction provides many unmatched advantages. Nothing beats the feeling of brand new.
Depending on whether you are purchasing a spec build, custom, or semi-custom, you may have the opportunity to customize and personalize your new home by choosing finishes that express your personal taste and style.
When you move into a brand new home, you know that no one has ever lived there before. Unlike moving into an existing home, you won’t be surprised by repairs. Your home will have the new and latest materials, making it a clean and sparkling option.
Another benefit of buying new construction is energy savings. New homes are built to be more efficient. They include energy-efficient appliances, saving you on rising energy costs.
Although new construction is becoming more expensive with rising material and labor costs, your home value will rise over time, especially if you buy new construction. New construction comes with modern and updated features that will make your property stand out on the resale market.
Having Representation Matters
The first benefit of working with an agent when you’re buying new construction is that you don’t have to do it all on your own. A good agent will have a network of reputable home builders and knowledge of communities that fit your needs. You can lean on their expertise instead of making all the decisions by yourself.
When you buy new construction, the paperwork includes lengthy documents. Your agent will be the second set of eyes for you to look over the purchase agreement and handle the contracts. Having an agent who can identify mistakes and keep the builder honest could save you money and bring you peace of mind.
Many people choose to buy new construction without their own representation to get a discount from the builder. However, this isn’t always the case. Some builders won’t give a discount even if you’re not working with an agent. In those cases, working with an agent won’t cost you anything. Also, even if you give up a discount in order to have your own representation, an agent could save you sizeable costs by negotiating on your behalf and looking out for your best interests.
At the end of the day, the builder’s agent represents the builder. Their job is to get you to pay more for the property so they can make more money. Don’t be surprised if the builder’s agent suggests you make every upgrade. Having an agent during these negotiations can bring a voice of reason to your side of the table, and make sure you're making the best decisions for the value of your new home.
Make Sure To Get A Home Inspection
You may not think you need to get an inspection for your brand new home, but it absolutely is a must. Just because you’re buying new construction, you can’t assume that your new home will be flawless. Mistakes happen.
Sometimes contractors work too fast or subcontract work out to many different vendors. Getting a home inspection will identify many common problems for new construction homes. Some common issues on the exterior include incorrectly applied siding, cracks in driveways, and grading/drainage problems. On the interior, a home inspection might find cracks in drywall, doors sticking, and appliances that were not installed correctly.
We always recommend that our clients order a home inspection when they purchase new construction. An inspection is a reasonable request and the right of any buyer. You don’t want any surprises to dampen the experience of moving into your brand new home.
Bottom Line
In the Boise real estate market, the current inventory continues to hover around all-time lows. With fewer existing houses available on the market, many buyers are turning toward new construction to find the home of their dreams. With the right advisors, purchasing new construction can be a rewarding experience.
The McFerrin Real Estate team is excited to help you navigate the process of buying new construction. We provide a highly-personalized approach to walk you through the entire transaction from start to finish. Contact us today to learn more about opportunities in Boise and throughout the Treasure Valley.