Buying a New Construction Home: Guarding Against New Home Heartbreak

Buying a New Construction Luxury Home in DenverBuying a new construction home is an emotional experience that stirs up excitement in Denver-area home buyers. There are many new construction homes for sale in Denver, but we frequently meet home owners who share nightmare stories and complaints. By working with an experienced real estate agent, it’s possible to prevent new home heartbreak. One report by explained how home buyers often gravitate to new housing developments, but feel disappointed when they deal with everything from melting siding and holes in the foundation to loose bricks and cosmetic flaws. A real estate agent helps you not only tour models and receive builder incentives such as free upgrades. Your agent also stands by you to make sure the builders uphold their end of the bargain. A real estate agent reviews the binding arbitration clauses and other important parts of the new home sales contract as well as explains costs associated with new home ownership. The report by ABC News recommends working with a buyer’s agent instead of the sales agent who represents the builder’s interests. Rely on your agent to negotiate a price.

Choosing the right builder

Buying a Front Range New Construction HomeIf you decide to buy a new construction home, talk to your real estate agent about the most reputable new home builders. Simply disregard the model homes built by builders with excessive complaints to the Better Business Bureau and other consumer protection agencies. Most real estate agents hear from their satisfied and unsatisfied new home buyers.

Protecting yourself with warranties

Before closing on your new home, make sure you read and understand the new home warranty terms. Ask your real estate agent to go over the fine print of the sales contract. Make sure everything you want is in writing including the specific carpeting, models, brands, appliances and countertops.

Other important considerations include a cancellation clause, refund based on a completion date, a home inspection and final walk through. Your real estate agent and home inspector identify minor and major problems for the builder to correct before closing. When buying a luxury new construction home in Denver, every detail matters. Most people wait for decades to afford their ideal new home.

We help buyers receive builder incentives and perks when choosing a home in a new construction community. Whether you choose an inventory home ready for immediate occupancy or design your own home, we can represent your best interests. Talk to us about touring new home models and saving money.

For more tips on buying a new construction home in the Denver area, please contact us.