FAQs

While not required, working with a real estate agent when purchasing new construction can be advantageous. Agents offer expert advice, handle negotiations, and assist you in navigating the complexities of buying a newly constructed home.

It is recommended to have a home inspection for new construction properties. Despite being newly built, homes may have hidden defects or issues. An inspection can uncover potential problems before you complete the purchase.

An HOA, or Homeowners Association, is an organization within a subdivision, planned community, or condominium complex that establishes and enforces regulations for properties and residents. It typically oversees shared areas and manages community matters.

The extent of customization for a new home often depends on the builder and construction phase. Many builders provide customization options, such as choosing finishes, fixtures, and sometimes layout changes, particularly if you're involved early in the construction process.

The duration of new home construction can vary considerably based on factors such as size, complexity, and weather conditions. Generally, it takes approximately 6 to 12 months from groundbreaking to completion.

New construction homes typically include warranties covering various aspects of the property. These may encompass short-term coverage for workmanship and materials, and longer-term protection for major structural components. It's essential to carefully review the specific warranty terms with your builder.

In most instances, HOA membership is required if you purchase a property within an HOA-governed community. This requirement is usually specified in the property's deed and community bylaws.

Opting out of an HOA is typically not possible if you own property within a community governed by an HOA. Membership and compliance with HOA rules are usually conditions of property ownership in these areas.

HOA fees can influence your mortgage qualification as lenders consider them part of your monthly housing expenses. These fees are included in your debt-to-income ratio calculation, potentially impacting the loan amount for which you can qualify.

Access to the construction site during the building process is usually restricted due to safety concerns and insurance regulations. However, many builders arrange scheduled walkthroughs or inspections at crucial stages of construction for the homebuyer.