What to Know About Building a New Construction Home
Building a new home may come with a unique set of challenges different from buying a pre-existing home, but it doesn’t have to be overwhelming. When building a new home, you have two options. You may select a new home in a subdivision that is already complete or that just requires you to choose from available floor plans and options. The second option is to build a custom home.
If you decide to build a custom home, you will need to purchase land, select a builder, and then work with that builder to make all the necessary decisions. Either way, there is a lot of work to be done.
You don’t have to manage this alone. Let the Snyder Real Estate Group help you through this exciting time. Put our extensive knowledge of the market to work for you.
Production Homes vs. Custom Homes
What options are there when you buy a new construction home? There are actually quite a few things to consider. One of the first questions you should ask when they’re planning to buy a new construction home is if you want to buy a production home or a custom home.
What’s the difference between a custom-built home and a production home found within a subdivision? A custom home will be completely customized to meet your expectations, while a production home will be built for you after you select one of the available floor plans and choose your customizable options.
The Value of Production Homes
Production homes are most often built in a neighborhood or subdivision by a large builder. In some cases, the builder may develop the entire neighborhood. If you choose to build here, you will select a floor plan, a lot, and an assortment of other options, including countertops, appliances, colors, and flooring, as well as additional upgrades such as outdoor kitchens and bonus rooms.
Sometimes, the builder will build a few “spec” homes within a neighborhood that are already complete. These homes are still new, but the customized options have already been pre-selected by the builder. A production builder is going to offer a faster build time than a custom builder, but your options will be more limited.
If you are looking to have some control without making every single decision, while completing the building process on a tighter time frame, a production home may be the best choice for you. If you are looking to get more for your money, a production home is often the way to go.
The Value of Custom Homes
A custom home is just that. The home will be completely customized to fit your wishes. You will work with a builder of your choosing to build a home that truly meets your needs. Because you will be responsible for making all of the decisions about this home, this can be a lengthier process; however, building a custom home gives you the option to have your home be exactly as you wish.
If you are looking for a unique property with nothing left to chance, a custom home might be the way to go for you. From simple to elaborate and everything in between, a custom home will truly be the home of your dreams.
Because custom homes are built for you, all of the cost will be passed along to you, meaning it might cost you more in the long run but you will have unlimited options when it comes to customizing your home.
How Can the Snyder Real Estate Group Help You?
Have you made the decision to build a new home but don’t know where to start? Give The Snyder Real Estate Group a call. We have years of experience to rely on to help you through this process.
Here are just some of the areas we can be of help to you when you build a new home.
- Helping you determine the best new construction home option for you
- Helping you purchase land if you don’t already have some
- Helping you select a lot if you are building in a subdivision
- Showing you the top new communities in the area that meet your criteria
- Negotiating on your behalf with the builder or land owner to get the right deal for you
- Working with you during the building process to make sure everything meets your expectations and you understand all the steps of the process
- Helping you decide which upgrades and choices are right for you
- Sharing our local market knowledge with you so you are well educated
- Making sure your interests are forefront and protected throughout the building process
- Introducing you to trusted professionals that you may need during the building process such as inspectors and lenders
- Working with you to make sure everything is taken care of prior to closing
Building a new home doesn’t have to be stressful. The right representation will ensure the process goes smoothly and help you transition to your new home.