What are things to consider when buying a new house?

Well, that is a loaded question with unlimited topics. First, consider the conditions that are prompting the move. Is it a job transfer? Have the kids moved to a new school district? Are you considering downsizing? The list is endless. Make a list of your needs in your new house. What are the amenities that you desire in the new house?

Now, think about the style and location where you want to live. Do you want a new house, or would you consider an existing house? If a new house, do you want a custom-built house, or a house built by a production builder?  What subdivision amenities do you desire?

New Houses

  New houses are constructed according to building codes. These codes help to ensure stronger and more efficient houses. New houses have modern designs and new finishes installed in them. They are more efficient in function helping to lower your utility bills. They also offer modern amenities that add to a more comfortable living experience.

If you desire a custom-built house, plans will need to be developed by an architect or plan designer. These plans should reflect your wishes in living spaces and amenities. When the plans are complete, construction bids should be received from reputable, licensed contractors. Permitting, financing, and purchase of the property should all be completed prior to construction of the home. As you can tell, this will be a journey. You will likely work very closely with your contractor in making material selections and establishing the pace of construction. Together you and your contractor can make your dreams become a reality.

Existing Houses

Existing houses in established neighborhoods offer timely opportunity for moving into select areas. The purchase of existing houses is often secured with the use of a real estate agent. Existing houses offer individuals an opportunity to relocate into communities that offer various amenities, school districts, or proximity to work environments.  Often, real estate agents have access to available house for sale and can assist home buyers with their relocation experience. When comparing comparable amenities of existing houses to new house construction, existing houses may be less expensive in the same neighborhood.

Additional considerations when relocating to another house, should include property tax expenses, insurance premium adjustments, and homeowner association fees, to name a few.  When considering an existing house purchase, a home inspection by a licensed home inspector is strongly encouraged. You will learn about the condition of the house during this process. This information can be invaluable when negotiating the purchase of your house and can provide anticipated maintenance requirements for the existing house.

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