If you’re looking to buy a brand new Menifee home, then you have plenty of options. That’s what’s so great about new construction. You can customize it just about any way you want.
Of course, buying a new Menifee home is much different than purchasing a Menifee home that’s already built. If you’re considering new construction in Menifee, here are the six most vital questions to ask yourself before buying.
What types of financial incentives do lenders and title companies offer?
The sad fact is that builders are usually pretty reluctant to bargain on the sale of the home. Though custom builders tend to be more flexible, regular builders are fairly rigid in what they want.
The reason for this is because once a price precedent is set, it’s hard to get that price back up. For example, if you pay $390,000 on a $400,000 house, the next person you sell the home to is going to want that amount as well. You’re shooting yourself in the foot to pay a bit less, but that could mean a lot to you.
If you do decide to go through your preferred title or lending company, however, you may be able to knock out some fees. Some builders will knock off some closing costs. Others may negotiate the price of a few finishes or upgrades.
Which finishes are standard?
When you look at a model home, keep in mind that it has all the upgrades and finishes. Most homes you buy new construction will have fewer upgrades, but they will be cheaper.
Talk with the builder before agreeing to find out which upgrades come with the actual home and which ones are upgrades. You can always add those upgrades later.
What long-term plans do you have for the community?
Subdivisions grow fairly quickly. If you don’t want to live in one, then you should investigate what the other empty lots around you will be used for.
If your home is one of the first, then you’ll have to listen to loud construction for a few months while the other homes are built. You also run the risk of the builder losing funding. Consider these options before you break ground.
Are there any homeowners association fees?
Homeowners association fees are usually used to pay for landscaping around the neighborhood as well as any club house upkeep, if there is one. These fees vary by subdivision and condo, so it’s important to get all the facts up front.
These fees also outline what you can and can’t do with your property. In some, sheds aren’t allowed or the only pools allowed are in-ground. Find out all the details before you buy.
What warranties are available?
The standard is a workmanship warranty that lasts for a year as well as a structural warranty that lasts for 10 years. Always make sure you double check those warranties to find out what they actually say.
Can I speak with past clients?
Speaking with clients can get you a sense of how happy they are with their new homes. Now builders will probably provide only people who have good things to say, so make sure you check online sites like Angie’s List for more honest reviews.
Buying a brand new Menifee home is an exciting time. Remember to do your research and your home will be everything you want it to be.