Pending home sales are up again in the Charlotte area, continuing a trend that parallels the increase in area home prices. According to data released by Carolina Multiple Listing
The Ins And Outs Of Building A New Home Part II
Let’s pick up from where we left off in Part I – as we covered the time frame after the lumber drop.
1. Rule of thumb: add a month to the estimated date of completion
As you discuss the details of your pre-sale purchase with the builder and/or sales rep, they will provide you an estimate date of completion. The keyword is estimate. This date is simply a projection of when the home will be ready for occupancy – providing everything goes as planned. As a conservative precaution, add a month to the estimated date of completion, as the process of building a home often undergoes unexpected delays.
2. Keep your agent or broker in the loop
As we mentioned before, having your own agent or broke is critical. Use their knowledge and expertise – ask your agent to attend walkthroughs and meetings with the builder, include them in emails and phone conversations.
3. Don’t expect perfection
Any homebuyer who is investing hundreds of thousands of dollars into a new home will expect the finished product to be flawless. Of course you should have high standards but prepare yourself for some imperfections. For example, you may notice knot holes or crooked boards and this is because the quality of wood used to frame houses isn’t what it used to be. If you do see significant problems, bring them to the attention of your agent.
4. Don’t get anxious to look around
Be very cautious if you enter a construction site as there are many physical hazards taking place (nail guns, loose lumber, stringing wires, etc.). Beyond the hazards lie more problems – you don’t want to delay the schedule or disrupt workflow, and you don’t want to suggest changes as the workers have strict orders to follow the original plan.
5. Be nice to the foreman!
The foreman of your home site holds the key to success. He or she will most likely be very nice but keep in mind they are busy people. Try your best to always be courteous to them, as they too want the job done right.
6. Take lots of photos
Bring your camera to every walk through and site visit. It may seem odd, but you will want to know what lies behind the drywall when you go to hand a shelf or a large photo. As an added bonus you may enjoy looking at all of the original photos when all is said and done.
7. Ask for leftover materials
It is common for bigger builders to provide the homebuyers with a box of touch-up paint, but feel free to ask for the remaining vinyl flooring, hardwood flooring pieces and carpet remnant. If you ever need to make a repair these materials will definitely come in handy. It never hurts to ask but don’t be bummed out if you are unable to get any leftover supplies – they are sometimes used for other projects or returned to the supplier.
8. Run your own inspection
Prior to closing on your home, ensure your purchase contract allows you to bring in a qualified home inspector to test the array of workings in the home. Builders often retain a time period after closing to repair defects, as they typically are in charge of repairing the items found on individual inspections.
9. “Certificate of Occupancy”
The final step prior to the builder releasing the home to you for closing will involve receiving signatures on the final inspections by the city/county. etc. thus allowing the home to be occupied. The term “certificate of occupancy” indicates that the final signature was received and the house is now yours!
10. Move-in day is the greatest day on earth
Prepare yourself to be overwhelmed with excitement when you finally turn the key to your brand new, pristine home. Be extra prepared by buying a roll or two of carpet protector or paper to cover the floors before the furniture arrives.
You are finally done! Pat yourself on the back for completing one of the largest projects you may ever face.
Donna’s top priority is providing you with quality service. To accomplish this, she’ll listen to your needs and wants, presenting you with properties that match your criteria. Donna, who is very p....
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