We work with a variety of clients, and through the years, we hear common questions.
Sometimes the answers are not always straightforward, and we like it when they are. To address your new construction questions, we thought we would do it right here and right now!
What if you already own the land or lot for your newly constructed home?
You can choose to build your new home on private land, whether it’s land you already own or that you plan to purchase. Not all builders will build on your land, but your REALTOR® will help you find those who specialize in working with clients who have bought or inherited land or prefer to find their lot rather than buy within a development community.
Custom builder or production builder which is right for you?
Residential builders are generally divided into two broad categories, production builders and custom builders; even within each category, there’s a range of how much you can personalize your home. So what’s the difference between builders?
Production Builders – these builders create multiple homes at the same time, based on a set number of floor plans. You will personalize your home by selecting favorite choices from several options offered by the builder.
Custom Builders – offer various floor plans and build a unique home based on a one-of-a-kind home design created by you and an architect. Custom builders typically build fewer homes per year than production builders do, and many build individual homes for sale on individual lots all around town, the land they acquired.Â
Hybrid – Some companies offer a hybrid business model with both custom and production home services.
How much time and energy do you want to put into selecting the details of your home?
We recommend answering this question before picking your builder type because this will also frame the number of decisions you will make. The more decisions you have to make may prolong your construction timeline, too, depending on your ability to make timely choices.
Why should you do your homework before selecting a builder?
Do your homework. Your real estate agent can share with you his or her experience with each builder, you can research each one online for reviews, ask around the community, and tour homes built by the builder.
We recommend that you interview at least 2-3 builders. These are significant meetings because, in the end, you should have a good feel for who fits with your work style. You can see what kind of expertise a builder has when discussing the issues that need to be addressed with you.
Why Should I Use an Agent to Purchase A Home From A Builder?
The advantages of having an agent help you purchase a new home are the same as those for purchasing a resale home. They can provide you with valuable insight into the new construction industry, help you find the perfect home or home builder more quickly, negotiate the price and terms based on the quality and amenities of the property.
The builder has a professional real estate representative who watches out for his or her best interests, and you need and deserve the same expert representation watching out for yours. Buying a new home is a little more diffcult and time-consuming than buying a resale home.
A REALTOR® can guide you through this process. Having spent years working with builders, RE/MAX Capitol Properties has a rapport with local builders. Your interests must be professionally represented when entering into a contract for a semi-custom or a build-to-suit home. These transactions are complex, and the contract details must be precise to protect you and ensure that you get the home you want!
These tend to be the most frequent questions. However, we understand you may have more! Please reach out to us to discuss your new construction questions, and let’s get to work in finding you the best next home! Connect with us today at 307-635-0303 or sign up online to schedule an appointment to get started.
