When buying new construction home which is being built for you, you have to be prepared for possible delays and obstacles. This can happen as a result of several conditions such as shortage of labor or materials, weather, or the builder’s inability to meet the original delivery date.
This video gives an overview of what to expect when you are buying new construction home.
The good thing, delays as a product of human nature can be prevented. Knowing all upgrades and options available to you from the start will lessen the hurdles during the construction process. Changing items that needed to be ordered in the middle of the construction may take some days or even weeks; this could slow down or even stop the project. Any news especially one that concerns about the delay of the construction will have to be informed and addressed. Communication along the way between the builder, you, and your agent if you are working with one will do the trick. It is better to be honest and up front about the process so whenever there’s a cause for delay, things wouldn’t get worse for all parties. Construction delays in home construction are often the result of miscommunication between builders and property owners.
In a nutshell, weather related issues, acts of god, supplier unable to deliver in a timely fashion, shortage of man power etc. can cause delay and may also cause a chain of reaction resulting to losing your rate lock or not finishing some items right up to the closing. Again, having a real estate agent working on your side will give you leverage.
Buying new construction can be stressful, often a long, drawn out process for new buyers. But don’t let this deter you from buying, if you do your research, you’re good at negotiating, you’re patient and you have an experienced buyer agent working on your side, the process will be less taxing and your buying experiencing will be rewarding.
Looking to buy? Are you a first time home buyer? We can help! The J Michael Manley Team go above and beyond to help you find the perfect home, from searching the right property that meets your real estate needs until you finally sign the deal. We will walk you through the process and make sure that you get the best deal possible. Are you ready to find the right home?
Contact us or Call us at 864-881-1258