New Home Construction – A Buyer’s Guide

As the economic recession continues to bite and pinch, more Americans are thinking about buying new home construction rather than buying a resale. There are several reasons for this, but one of the most prominent is the sheer cost of buying new house versus buying resale. The average cost of new house construction is almost double that of pre-construction house prices. A lot of people don’t realize that when they go to sell their old home, they will have to fork over several thousand dollars for the costs associated with buying new.

There are a few things you can do in order to save money on new home construction at cameronmiller.ca. One thing you can do is get your real estate agent to find builders who offer financing options that will help you lower the total amount you have to pay. Many builders now offer what they call “add on” financing options that you can add to the original construction costs. If you can find a builder who offers add on financing programs, it may be a good idea to go with them so you can keep as much of the initial building cost as possible. You can usually get this type of financing from most lenders who work with new home construction companies.

Another way you can reduce your new home purchase cost is to use the services of cameron miller real estate agent. Get a referral from a friend who recently bought a new home or contact your local real estate agent to see if they have any leads on new home builders in the area. Find out as much about the builder as you can and then ask questions. You want to be sure that they will be able to handle the building process well and that you will be satisfied with the house once it is finished. A good builder should be able to give you a list of references you can contact to see if the builder’s reputation fits with your needs.

Getting a quote from the new home construction company before you sign any contracts is also very important. A good builder will always give you a written quote, not an estimate. Make sure that you know exactly what the cost will be, whether it is flat rate or an hourly rate. Don’t sign any contracts until you are completely satisfied with the quote and the price. A good builder should never try to pressure you into signing one.To know more about real estate, visit this website at http://www.ehow.com/how_15369_start-real-estate.html.

Finally, you can save even more money when buying new home construction by using the help of a reliable real estate agent or broker. These individuals will have worked with several builders and know which ones will offer the best deals on comparable homes in your area. Your real estate agent or broker will also be familiar with builders who specialize in certain types of construction, such as luxury homes, eco-friendly homes or custom built homes. They can also help you narrow down your search so that you can focus on only those homes which are right for you.

Buying new home construction is definitely more affordable than buying a resale. However, it can still be quite expensive if mistakes are made along the way. Reputable builders make every effort to ensure a smooth transaction and a fair deal for all parties involved. Ask friends and family for recommendations if they have had any experiences with different builders in your area. If all else fails, check out reviews online and compare features of each one so that you can make the best choice possible.

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