3 Myths About Buying A New Construction Home

If you don't like the idea of living in a home that someone else has lived in, then you might want to look into buying a new construction home. Usually, in a situation like this, you buy the home from the builder. You sign a contract to buy a home that has already been commissioned to be built but that is not yet standing. This process works really well for many homebuyers, but it is important to know exactly what you are getting into. Some of the things you may have heard about new construction homes are actually myths.

Myth: You can design the home however you want.

It's common for people to mistake buying a new construction home for buying a custom home. If you want to have a home custom-built, then you can buy land, hire a builder, and do just that. However, when you are buying what's sold as "new construction," the home will already have been planned out, for the most part. There will be a set list of things you can customize, such as the color of the counters, the paint colors, the type of carpet, and so forth. You won't be able to change major things, like the square footage or type of foundation.

Myth: New construction is overpriced.

You will pay a bit more for a new construction home than for one that has been lived in. But consider what you are getting! Everything inside the home is brand-new. There's no wear and tear. You won't have to replace any of the appliances for at least 10 years. You get what you pay for. In most cases, buying new construction is more affordable than building a custom home.

Myth: The process of buying new construction is long and stressful.

It is true that contractors sometimes take longer than expected to finish building new homes. This is just part of the industry. Sometimes materials are back-ordered and the builders have to wait for them, and sometimes work may need to be redone to ensure it's up to quality standards. There can be waiting involved, but you won't be waiting an extra 6 months or a year for your home to be built. It will be an extra month or two at most, and if you go into the process expecting this, you should not feel too stressed out when delays do occur.

Don't let the myths above keep you from buying new construction. It really can be a great experience. 

To learn more about new construction homes, contact a real estate agent.