Buy. Sell. Mortgage. Law

What Should You Know Before Purchasing a Home From a Builder?

KCP Home Purchase

If you are considering purchasing a new home from a home builder, there are some things you should think about first. This can be a great option, especially if you are looking for a brand-new home that meets your specific needs and desires. However, there are some things you should know before making a final decision. Let’s talk about some things to keep in mind when buying a home from a builder.


Learn About Your Builders History

KCP Builder

When you are looking at builders, one of the first things you should do is look into their history. How long have they been in business? What kind of homes have they built in the past? Do they have a good reputation? These are all important factors to consider before making a final decision. You can usually find this information online or by asking the builder themselves.


Ask For A Detailed Estimate

Another important thing to consider is getting a detailed estimate from the builder. This estimate should include everything from the cost of materials to the cost of labour and any additional charges that may occur. It is important to have a clear understanding of what you are paying for upfront so there are no surprises later on.


Understand The Warranties and Guarantees

When you purchase a home, it is important to understand the warranties and guarantees that are included. Most builders will offer some kind of warranty on their workmanship and materials. It is important to understand what is covered under these warranties before making a final purchase.


Discuss The The Details Of Your Agreement

KCP Purchase Agreement

Before you sign any agreements or contracts, it is important that you discuss the details with the builder. This includes things like the completion date, payment schedule, whether or not you can rent the property out, and any other important details. You want to make sure that you are on the same page before moving forward.


What Will The Timeline Of The Build Be?

Finally, it is important to ask the builder about the timeline of the build. When do they expect to start construction? When do they expect to finish? It is important to have a clear understanding of the timeline so you can plan accordingly.


If you are looking into buying a house from a builder, be sure to keep these things in mind. By doing your research and being prepared, you can make sure that you are making the best decision for yourself and your family. 

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