Tips For Buying A New Home: Freshly Constructed

The joy of buying a new home is unparalleled. If you have decided to buy a new home you might have two choices. You can either choose a house that has already been lived in and is up for sale or a newly constructed house. While the former is always easier to house in, there comes a sense of desirability to live in apartments that have not been lived in before- the newly constructed homes.

Your options

While properties can be broadly divided into old, and newly constructed. There are several divisions under the latter.

1. Full-custom: This is just a piece of land that is yet to get a structure built upon. You have a say in everything.
2. Semi-custom: The basic structure is mostly built, but you can still make small changes in the structure.
3. Newly-constructed: The home is fully constructed but has not been used or modified beyond basic construction.

Heed these tips to avoid hurdles down the lane when buying a newly constructed home.

Engage in research

So you have decided to get yourself a newly-constructed apartment. One of the privileges of buying a new home is its chances of getting customized. But you need to engage in research to avail its benefits. Don’t shy away from asking too many questions from your builder. From the insurance till the flooring pans, don’t hesitate in asking questions. After all, it is your future home. 

Also Read: Questions To Ask While Searching For New Housing Options

Choose your builder

You might feel that selecting the right apartment is all and the only research you need to indulge in. But that is not true. Make sure to invest time researching your builder too. 

1. Go through their website and social media pages
2. Ensure their RERA certification
3. Look your builder up online
4. Go through their previous projects

Also Read: How To Choose The Right Builder For Your New Home?

Be careful of the fine print

The excitement of buying a new home knows no heights. But don’t hold your head in the clouds to miss out on important terms and conditions, and policies. Documents and warranties from builders could protect the building more than the buyer. Hence, buyers need to be careful of the agreements they sign.

Invest time in inspections

Most people believe that home inspection is only necessary for homes that have been lived in already. Contrary to popular belief, home inspections are vital for newly constructed homes. You would not want sockets and electrical outlets in unfortunate corners or have an awkward nail left naked. Make sure you allocate time and make enough rounds before finalizing the best house for yourself.

Walk-through the neighborhood

So you have decided on buying a new home where you wish to watch your future stories unravel. The apartment has just the right features, almost tailor-made for your choices. But this is not enough. Take some time out to stroll through the neighborhood in search of amenities. Running essential errands must not feel as far as the moon. Make sure that the claims made by your builder are not just limited till their banners and brochures.

Think your decisions through

With a newly constructed home, the ball is in your court with regards to the modifications. Make sure you choose the best options for your home to go ahead with. From flooring and electrical placements to kitchen and bathroom fittings, this is the best time to make modifications without disturbing your lifestyle. While this is the most exciting part of buying a new home, it is also vital to be observant.

Wait it out

Finally, have patience. A newly-constructed apartment is an empty canvas that you pour your ideas out in. Plan your paperwork well in advance. Get in conversations with people who moved-in to similar apartments to get a rough idea of the money you will spend. Keep a buffer period between the final date of renovations and the day of moving in to ensure everything is just the way you want.

Also Read: Best Season For Buying A New House

Benefits of Home Inspection While Buying Property

Buying a home is one of the herculean tasks people can tackle. From choosing the location to finding the right agent to arranging the documents and finalizing the deal, one can easily get exhausted in the process of buying property. However, with the right guidance and instruction, the process can be a cheesecake being gulped down the throat- sweet and crumbly.

Home Inspection brings more transparency not only to the buyers and sellers, but also benefits the Real Estate developers, agents, interior designers, bankers, insurers, and the government predominantly. It saves money while ensuring quality control in the Real Estate industry.

There are certain benefits buyers get when they allot their time and money for the inspection while buying property they have been targeting. There are certain checks one needs to fill. Let’s talk about them for a while.

Warning Signals While Buying Property

When choosing your dream home, a thorough check into it can give you a clear idea about the wear and tear in the house. It is designed to help buyers make informed decisions while buying property, ensuring that the physical condition of the house is as good as the house appears to be. A thorough home inspection can give you the warning signals of these things, and also inform you about the future expenses you would need to consider to make your house durable.

Negotiable Purchase Price

Once you have the chosen house in your vision and if there are some things that need a fix, you get certain options to place before your home-seller. First being, you can ignore all the faults and flaws and carry on to buy the property anyway. Second, you can ask the seller to make fixes to the flaws. Thirdly, you can ask him/her to lower the purchase price of the property, as you would be already investing the saved amount into making the fixes in the house. If you’re considering the third option, you have the rock-solid reason to bargain hard.

Also Read: Tips For Buying A Vintage Home In India

Repair Budget

Once you have known the places you need a fix in your future house, you can already invest your time into preparing the budget for those fixes. It can help you manage the additional costs as well as plan your overall spending on your new property. Once you have the estimated budget, you can easily try to manipulate it through what is needed in the house, and what can be easily excluded at your convenience after buying property.

Future Planning

Home inspections also get you an idea about what your future home would look like with all your belongings. How would your closet look like in your bedroom, or your working/study table in your living room; it can help you plan your things out easily, making you free from all the after moving-in hassles.

Right Investment

When you inspect your future home or have someone professional to get it done for you, you are left with 2 thoughts. One, is it the right investment? Or is it the wrong deal to invest in? Well, if your home looks somewhat like your expectations, you are on the right track. You can carry on to invest your amount into it. But if it doesn’t match the criteria of your expectations you would have to consider again about investing in the deal. Things become easier when they are kept transparent.

Also Read: Smart Ways Of Property Investment

Let’s not forget that buying property is an enjoyable journey and you need to be confident and cherish everything that’s part of the journey. There’s more to learn about your future home than just finalizing the contract. Home is an emotional feeling as there are people involved in it. Hence, checking and inspecting each and everything before tangling yourself into that feeling can save you from future hassles.