Monday, September 1, 2008

Thinking of New Construction?


Thinking of new construction? Wondering if you should have an agent? The answer is yes!
The number one reason you should have an agent is resale. There have been countless times where I've gone to list a resale home that someone purchased from a builder and missed some big money and saleability because of things they did or didn't do. There's a lot to consider! The 2 foot bump out? The fireplace? The finished basement? The granite or Formica counter tops? Will my choices be dated in 1 year? Wood Floors? Upgraded carpet? The luxury bath? The elevation? The color of the exterior? What items are going to bring me the most money when it comes time for resale? Where do the decisions end?

An agent is going to point out some key decisions. Take a fireplace as an example. Is it worth the money? Will you get the money out of the house if you add the fireplace? The real question is what if you add the fireplace later, can you? Better yet, what are all the other people who are buying in this subdivision adding? Are they getting a fireplace? Do you want to be the only home in the neighborhood, when there's 8 others on the market, and yours is the only one that doesn't have a fireplace? There's a good chance your neighbors house would sell before yours does, just because of the fireplace. Often times, the best places to put your upgrade money is in the things you can't change later or will be to costly.

Let's talk price. Builders are giving away great incentives! Some builders are even giving away more than what they're saying they'll give. But how do you know? Talk to your agent, they may have a good idea who's offering what.

Most importantly-Do you know about quality of construction? Do you know what good quality cabinets look like? Are those 'upgraded' cabinets, really upgrades? Is this builder a quality builder? Will he stand by his work when the plumber forgot to put on enough glue in that shower pipe? Better yet, did he use a plumber that likes to save money by cutting back on his glue use?:) Your agent should know who's a good builder and who is an 'economical' builder, and be able to give you that information.

Ever drive 12 hours in a day to find that new home community that was right there yesterday? Don't miss out! Save yourself the drive. Your agent has access to new home communities, custom builders, lots, plats and more!
When your sitting at the table with the nice salesperson, going over all the options and costs-it can get not only overwhelming, but emotional. Your REALTOR is there to help. A REALTOR is not going to be influenced by the beauty of the tile, or the shine of the stainless stove, they're going to be looking at the decisions you make as an investment. An investment, that if they're a good agent, you're going to hire them to sell for you in 5-10 years. And they want to know they can sell it for you as quick and at the most money as possible. Agents know what buyers wants and needs are and they're going to make sure that new investment your buying is going to appeal to the most buyers as possible in the resale market. So do yourself a favor, bring your agent with you when you're thinking of that new home purchase-it'll pay you back today and in the future!

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