It's easy to see the appeal of new construction homes. You can put your feet up from day one without having to write a long (and expensive) list of chores to repair and renovate your new property.
However, all this convenience can pose a challenge when buying a home without seeing it first. Here's how to navigate the complexities of buying new construction homes off-plan.
Home Buying Tips: Check the Developer's Track Record
Before buying a new construction home, take the time to research the developer. You should look at:
- Whether they have a good reputation
- Whether they are an established business with financial stability
- Reviews and testimonials from previous buyers
- Examples of similar properties they've built
That is a crucial step to avoid buying a poor quality home beset with issues. A developer with a good reputation offers the reassurance you'll get the quality you expect.
Check the Timescales for Your Construction home Investment
When you choose off-plan, you'll get a date for when the property will be ready. However, delays can have huge consequences for owners.
They can leave you having to find a temporary home at the last minute and incur all the costs associated with it. So when checking timescales, pay attention to specific milestones and check back with the developers on those dates to ensure everything is on plan. You should also think about having a contingency plan so that you have a fallback if there are problems.
Research the Neighbourhood
New construction homes are rarely stand-alone. They are typically part of a more extensive development.
You should ensure you inspect these plans. Think about how it will impact views from your new property and what amenities will be on offer nearby. If you are an investor, think about how neighboring developments will affect the long-term value of your home.
Think About Personalisation Options
One of the most attractive new home benefits is that they offer a range of customizations and upgrades. That might include:
- Customised kitchen and bathroom designs
- Flooring options
- Landscaping
- Technical upgrades like state-of-the-art security systems
Some homes even allow you to make customizations to the layout. If that's something that interests you, make sure you ask the developer whether it's a choice they offer.
Financing Your New Construction Home
Start the process of financing early and before you choose a new construction home. Negotiations with a developer can be more straightforward if you show you have a pre-approved mortgage.
It also allows you time to shop for the best deal because some lenders may have more expensive offers for newly built homes, such as a higher minimum down payment.
The Best New Construction Homes in McAllen, TX
New construction homes can offer the dream lifestyle, but to achieve that you should always do your research. A few background checks on the developer and location can ensure you are securing the best real estate investment.
Start your search the best way possible by getting in touch with our expert real estate team at PMI RGV. Our friendly team put our client's first, and we can help guide you on finding the best investment in McAllen. Learn more here.
