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4 Things to Know About New Construction

Posted by Katherine Haas on February 26, 2018
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new construction

If you’re looking to literally start with a clean slate when it comes to your next home purchase, then new construction is the way to make it happen.  In today’s real estate market, new construction is readily available—and especially in the Auburn-Opelika area. If you are considering a newly-built home as part of your next real estate purchase, keep in mind these things to know about new construction.

  • Many new construction homes sell before they’re built. Builders are going to try their best to sell as many homes as possible before they are even constructed. They do this by showing a model home and then letting interested buyers pick out available floor plans, amenities, fixtures, etc. for their home that is under construction. Keep in mind that many builders release homes for sale in phases, so if one phase in your desired community sells out, you could still get in during phase two.
  • Early buyers may be entitled to discounts. In their effort to sell the first few homes in a new construction area quickly, builders often offer discounts or incentives to the earlier buyers. Have homes sold in an under-construction community makes it appear more attractive to other potential buyers. What does this mean for you as an early buyer? Early in the sales process, you may be able to negotiate a home price down. Builders may also offer incentives in the form of upgrades if they are nearing the end of a sales cycle and want to get all of that phase sold quickly.
  • You don’t have to worry about emotional attachment. Comparing a new construction home purchase to an existing home purchase, in the former situation, you don’t have to worry about the seller’s emotions playing any part in the real estate transaction. The builder should have no emotional attachment to the home. This means it is less likely that you will be put in a situation where a seller chooses another buyer over you based on personal reasons, the seller prices the home too high because he or she is not ready to leave it, etc.
  • New construction may not be included in your local MLS. Because not all options available to build are listed for sale, not every new construction option may not appear on the Multiple Listings Service like other homes for sale. Contact your local agent to get insight into available new construction floorplans in your area.

New construction homes can be beneficial for those wanting to fully customize their new living spaces without having to worry about the wear and tear of an existing residential structure. If you are interested in either type of home for sale in the Auburn, Opelika or Lake Martin areas, contact Realtor Ryan Roberts today at 334-750-9872, or email [email protected]!