6 mistakes to avoid when buying a new construction home

Choosing a new construction home is one of the most exciting and potentially stressful experiences of your life. It's easy to go from daydreaming about kitchen layouts to being overwhelmed trying to select flooring to match your budget. It's important to maintain a clear head throughout the process and keep an eye out for potential pitfalls along the way.

Mistakes to avoid when buying a new construction home

1. Choosing the wrong home builder

   When it comes to building a new home, the relationship with your builder will be a significant partnership for the duration of your project. Building a new home can be exciting, but take your time when selecting a builder. Be sure to ask questions to determine if you are comfortable with their process, personality, and communication style.

2. Not speaking up

   Don't be afraid to ask questions if you are unsure about the process or options available. At first, you may feel a little uncomfortable, but remember that this is your home. The more you research the construction process and ask questions, the more confident you will be about your role. Knowing when to review contracts or make decisions will limit delays and costly change orders.

3. Underestimating your total costs

   When determining what you are willing to invest in your new home, remember to maintain a buffer for unexpected costs associated with building and moving into your home. For example, does your estimated price include appliances, window treatments, grass, and landscaping? You will also want to factor in the cost of movers, any temporary storage or housing requirements if needed, and furnishings for additional square footage.

4. Not leveraging experts

   Most experienced home buyers wouldn't recommend buying an existing home without engaging a realtor, lawyer, or home inspector. Still, people often begin their new construction process without having those resources on their team. Talking to a realtor can help you start on the right foot. In addition to looking out for your interests, they can suggest reputable builders, available properties, or new construction communities. It is always a good idea to have a lawyer review contracts before signing them, and a home inspector can ensure that your new home is ready for you to move in.

5. Not building with resale in mind

   The lifestyle requirements you and your family have when making decisions about your new home will undoubtedly change as the years go by. Thoughtful planning at the beginning goes a long way and will ensure that you have a home that is resale ready. Focusing on storage and flexible spaces and avoiding unique or trendy designs will help the home grow with you and maximize your return on investment if you decide to put your home on the market.

6. Second-guessing yourself

   One of the many benefits of building a new home is that it will suit your particular needs. While it is exciting to talk about your project with friends and family, they may have opinions or stories to share. Don't let that discourage you or question your decisions. It is important to trust yourself and the team you put together and to enjoy the ride.

*PRO TIP: Stay organized by keeping a binder of paperwork. It will help you with the construction process and the home warranty punch list. Keeping appliance warranties, paint selections, and flooring details in one place will be helpful if you ever need a repair.