Many people unknowingly go into the house buying and home construction process as victims. This is not to say that ALL builders, their realtors & lawyers are dishonest. But just like so many other professions, there are bad apples in the bunch. As a potential home buyer it is imperative that you be educated, well informed, and surround yourself with trusted knowledgable people.
Things you should know and do when building house plans or buying a new home includes:
1. Research the community. What it will cost you to live there? TAXES etc.
2. Understand production home building and house plans. Most new homes are part of an assembly line. Know how to avoid the downfalls of a production home.
3. Research and uncover the true reputation of your home plan builder.
4. Research the neighborhood. Know your rights as a property owner ahead of time.
5. The model house plan is just that, A MODEL (the lure). I admit it is a very affective selling tool but, don't let your emotions dictate your good judgement of purchasing. Know how to use this sales technique to your advantage.
6. Know the tactics used by sales agents to get you to buy.
7. Don't be conned by the "upgrade" gimmick.
8. Avoid expensive mistakes as you are "closing the sale".
9. Be aware of tactics by the sales people.
10. Avoid any legal maneuvering that your house plans builder may attempt during the new home construction. It could ruin your finances if something goes wrong with building your new home.
11. Have a clear understanding of the homeowner's warranty. Know the truth about new home warranties and protect yourself from the fine print of home construction warranties.
12. Have a good working relationship with your home construction supervisor. Don't be reluntant to research his or her experience and get the quality new home construction you paid for.
13. A good Home Inspector should be working for and looking out for your best interest. Consult trusted people to recommend an inspector who will look out for you.
14. Understand the home plan Building Process and Know the common pitfalls that happens throughout this process and know how to avoid them.
15. Understand the purpose of a "walk through" (inspection(s) prior to closing) with your builder. Know how to identify problems (with your home) before you close the deal with final payment.
16. After closing on your new home, problems may pop up. Know how to get them handled properly.
