January 4, 2021
What to Look for in a Luxurious New-Build Home
Buying a new home can be quite a process. There’s no doubt you have a massive list of must-haves, and you’ve got a set vision in your mind of what the “perfect home” is. For those looking into luxury new builds, the process can be even more intense as you’ll need to work with the builder to make decisions along the way on finishes, design details, and so forth.
Before you get too caught up in the process of purchasing a new-build home, here are a few things to look for and keep in mind.
Deals Can Still be Had on New Builds
When looking for a home, people typically negotiate with the seller to ensure they get the best deal possible. That same rule of thumb can be applied when purchasing a new build. Even though it will be a developer rather than an individual that you are dealing with, you can still negotiate the pricing.
Builders aren’t always willing to come down in price, but what they will do is throw in extra features, upgraded finishes, and other incentives to sweeten the pot. So, don’t be afraid to get in there and start negotiating.
Do Your Research on the Builder
Another tip is to do your research on the actual home builder. You want to ensure they have a good reputation in the industry, stand behind their work, offer quality craftsmanship, and also have the kind of styles that appeal to you.
It’s also quite common for builders to have various development projects going on at once, and just because you like the builder it doesn’t mean all their developments will appeal to you. You’ll want to take the time to research the look, feel, and layout of the various developments.
Customer service should also play a role in the decision-making process. One example of this can be seen through Muir Homes who make it clear that customer service is a big part of delivering a dream home to buyers. They have been building houses for over 45 years, so you know they go the extra distance with their clients.
When Will the Work Be Completed?
This is a really important question and one that can lead to all kinds of issues down the road. It’s important the builder provides you with a completion date so you can plan on your end. Experts recommend you negotiate a “long-stop” completion date. What this means is that if the work isn’t done by that date, the builder will be liable for compensation. This kind of deal will help to keep the builder or developer motivated and on schedule.
Will You be Buying Off-Plan?
Then there is the question of whether or not you will buy off-plan. This means that you will be able to have more creative freedom in the design, as it doesn’t follow the set design the builder currently has. This too needs to be negotiated in advance. Keep in mind that buying off-plan can delay the process somewhat.
The Luxury Home of Your Dreams
Purchasing a new-build home is a great way to ensure you get the home of your dreams, but there are still steps and tips you’ll need to use to ensure the process is smooth.