New Construction – First Visit with Builder

Great Questions For Your First New Construction Visit

If you’re having a hard time find the perfect house in Santa Fe that really gets you excited, building exactly what you want can be the answer. I want to share with you a few great questions to ask at your first appointment with the builder. By the way, you should always bring your realtor along on your first visit or the builder may refuse to work with your realtor. You see, builder pays for your realtor to represent you and there is no reduction in price for not having your interests represented by your own realtor. But if your realtor isn’t present at your first visit, you may lose the option of having representation. So bring your realtor to cover all your bases, level the playing field a bit and have someone helping you with the details.

Ok, smart questions to ask …

What is the average upgrade percentage? Remember the model home you see is packed with upgrades. If you fall in love with it, be sure you understand what the most common upgrades will cost you and what the most common upgrades are. Your realtor can help you select upgrades that will improve resale value down the line.

Does the builder have a relationship with specific lender who may be able to offer you incentives? On my last new construction deal my clients were able to receive 1% of the purchase price back at closing for going with the builders preferred lender. No one mentioned this to us but I knew to ask.

Are you planning on a corner lot or being near a park? Ask if that lot incurs a lot premium.

Can you have a third party inspection? It makes for someone besides the builder to check the builder’s work, doesn’t it?

Will you be building in an initial phase or a late phase for your area? This impacts whether you’ll be living amid construction noises for the next few years.

There are so many more important questions to ask to help you go into a new build with clear eye and a solid idea of what to expect in terms of money, timelines and the entire process. I’ve seen how easy it can be to get swept up in the excitement and it IS exciting! So let’s make sure we stay on top of the process every step of the way. Santa Fe has a lot of really cool new build neighborhoods going up right now. If I can help you choose the right one for you, give me a call and let’s go check some out.

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