Marco Santarelli

MARCH 20, 2025

Limited Space: Coastal cities often have limited space for new construction, leading to a shortage of housing and increased competition. Don't Waive Important Contingencies Lightly: While it can be tempting to waive contingencies like inspections to make your offer more attractive, be very careful.

Pre-approval

Marco Santarelli

MAY 12, 2025

Others might be experiencing a slowdown in retiree demand or an increase in new construction finally catching up. The days of having to make an offer in 5 minutes with no inspections are hopefully behind us in most areas. It's likely a mix of reasons. Some may have seen prices get particularly ahead of local incomes.

Marketing

Redfin

AUGUST 5, 2025

This type of house can come in a number of popular styles and is specifically designed to appeal to a buyer’s interests. They’re often cheaper than new construction homes Model homes are meant to be a reflection of what other properties will look like in a given development. There’s an increased chance of construction errors.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Builder’s warranties and routine inspections are part of a comprehensive quality assurance plan that can be implemented through specialized consultants or managers. The best new construction advice is to ask to review the warranty early on. It is designed to address defects in craft or materials.

Purchase and sale agreement

The Close

APRIL 3, 2025

However, Kiavi has the highest credit score requirement of 680, and uses a draw process that requires an inspection to release funds periodically. Bridge loans A bridge loan is designed to cover the gap between buying and selling a new home, and can have terms as little as a few weeks to a few months.

Loans

Redfin

JUNE 17, 2025

Modern design With newer homes come up-to-date designs like open floor plans, en suite bathrooms, and larger kitchens and closets. New builds also often come with home warranties, which can protect you from future expenses. They could also have green and smart home features like thermostats or solar panels.

Renovation

Housing Wire

MAY 6, 2024

In particular, HUD Form 92900–C is designed to “collect loan-level data that is needed for insuring purposes and not found on Fannie Mae form 1003,” according to the original announcement. HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S. Department of Veterans Affairs (VA) loans.

VA loan

Realtor.com

OCTOBER 15, 2020

However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. Possible upgrades and design options. Quality of the build.

New Construction

Realtor.com

NOVEMBER 9, 2022

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

New Construction

HomeLight

AUGUST 17, 2022

Buying a new construction home can be intimidating. If decisions aren’t your thing, you might be able to buy a new construction home that is already built and ready for you to move in. Find a buyer’s agent who works with new construction. Find a Buyer's Agent to Help You Buy A New Construction Home.

New Construction

HomeLight

JULY 31, 2020

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new? Pros of new construction.

New Construction

Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

New Construction

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

New Construction

Housing Wire

MARCH 2, 2022

Without effective and properly enforced regulations — including peer-reviewed engineering and licensed inspections — we risk catastrophes like the Champlain Towers collapse. Design standards, which impose costly building requirements and can be incredibly strict in places where beauty is part of the local brand.

Development

Realtor.com

JUNE 24, 2021

Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. The Krouses’ new-construction home in South Austin, TX Nicole Krouse. We ended up touring three or four other new constructions in different areas of town, just to do some due diligence.

New Construction

HomeLight

OCTOBER 29, 2021

If living in a brand new house with no footprint other than yours appeals to you, you might be thinking about a new build. New construction gives you the chance to move into a house that is exactly what you want because you get to choose everything, from the builder and lot, right down to the light fixtures and bathroom hardware!

New Construction

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

Agents

HomeLight

MAY 19, 2021

Common zoning designations include: Residential: Areas designated for single-family homes. Commercial: Areas designated for businesses like restaurants, retail shops, and so on. Industrial: Areas designated for factories. Rural: Areas designated for farming. Step 11: Have an inspection done on the foundation.

Construction

HomeLight

SEPTEMBER 26, 2022

New construction might seem less expensive — but if, for example, it doesn’t include landscaping, and that’s something you have to do yourself after closing, that can be expensive. So is building an affordable dream home really doable? Let’s find out! It depends on your area and what’s included in the builder’s package.

Construction

HomeLight

MAY 28, 2021

But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. Inspections. Home inspections are the best way for a buyer to prevent getting a “lemon” house. Basic home inspections don’t cover everything , though. Is there a lemon law for houses? Seller disclosures.

Inspection contingency

Redfin

MAY 5, 2025

In this Redfin article, we’ll cover everything you need to know about buying a new construction home. Whether you’re looking an an upcoming development in Sacramento, CA , or looking at land outside of Milwaukee, WI , here’s what to consider before purchasing a new construction.

New Construction

Realty Biz

MAY 13, 2022

Carefully inspect the builder’s model home to assess the quality of its flooring, cabinetry, paintwork, and fixtures. Third party inspections conducted during the entire building process are another indicator of a builder that is trustworthy. Customization and Design Options. Start searching with us today!

Inspection

Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place.

Loans

HomeLight

JANUARY 31, 2023

Find a Buyer's Agent To help you navigate the ins and outs of building in North Carolina, we spoke with Thomas Wohl , a highly-ranked real estate agent serving the Raleigh-Durham-Chapel Hill region with 29 years of experience, specializing in new construction, first-time home buyers, and relocations. per square foot.

New Construction

Realty Biz

AUGUST 29, 2023

Building a new house can be both exciting and overwhelming. We will provide the best tips to ensure a smooth construction process. From selecting the right builder to planning for the future, designing your custom home, managing your budget, overcoming challenges, and being involved in the building process, we've got you covered.

Construction

Realty Biz

NOVEMBER 20, 2023

Start by researching the builder's reputation, understanding their design philosophy, and exploring their floor plans. Pay meticulous attention to finishes, fixtures, and design choices. Take the time to thoroughly inspect each room, open closets, and scrutinize every corner. Buying new construction is a process with many steps.

Staging

Windemere Buying

JANUARY 22, 2024

While not always true, older neighborhoods tend to be closer to major employment centers, mass transportation, and multiple car routes (neighborhood arterials, highways, and freeways), and new construction homes are usually found on the outskirts of city limits where there’s more land available for the development.

New Construction

HomeLight

MARCH 23, 2021

Single-family homes consist primarily of attached brick dwellings or detached frame construction, often with vinyl or aluminum siding. While new construction is booming in the Bronx, much of the housing stock dates back to the 1920s,’30s, and ’40s. Much of City Island looks like a New England fishing village. City Island.

Inspection

Redfin

JANUARY 6, 2021

It’s important to note that construction-related loans may be slightly harder to secure than a traditional mortgage. FHA first-time homebuyer loans are limited as well for new construction, so those without a strong credit history are advised to do research to ensure adequate financing is available.

Construction

HomeLight

MAY 28, 2021

Myrtle Beach is also a FEMA-designated flood hazard area. Homeowners like to make the most of what they’ve got in their outdoor space,” says Laurie Dragunoff, interior designer and owner of Decorative Interiors. Dawson notes a particularly high rate of HVAC systems past their prime during his Myrtle Beach-area inspections.

Inspection

Rent, Buy & Sell

NOVEMBER 5, 2022

So you want a home that is brand new rather than one that has been previously lived in. Great, now you need to decide if you want to self-build your home or purchase a new construction. New Construction Home. New build homes are more costly upfront, however they have fewer repairs initially than an existing home.

New Construction

The Residential Specialist

MAY 3, 2022

After getting an energy audit through a home inspection company, he followed recommendations to install foam insulation in the attic, replace the furnace and heat pumps with more energy-efficient models, and add solar panels to the roof. Builders that received federal incentives for new construction could pass those savings onto buyers.

Marketing

HomeLight

SEPTEMBER 1, 2022

As far as home styles go, new construction is trending toward a country style, says Raymer. Buyers will also find a lot of coastal home designs, as well as a good number of condos and townhomes. Contingencies: Financing, home inspection, and appraisal. Order inspections and appraisal. Closing date. Home warranty.

Earnest money deposit

The Close

JUNE 15, 2022

Home inspection checklist 52. Home inspection checklist for sellers 53. Home inspection checklist 73. Home inspection checklist for buyers 54. What is the best way to prepare for an inspection? New constructions homes 39. Appraisal and home inspection fees? For sale by owner 32. Housing bubble.

Closing costs

Redfin

MARCH 3, 2021

When you decide to tackle a home improvement project, you probably think about paint colors, design options, if the project will increase your property value , or if you’ll need to hire anyone to help you with the job. The cases where you won’t need a permit or inspection include smaller projects like repairs and light fixture installations.

Inspection

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. Historic districts can be designated by the federal government and at the state or local level.

Construction

Redfin

MARCH 15, 2021

Schedule a pre-listing inspection. Having a pre-listing inspection allows you to attract serious buyers and gives you an advantage over other sellers before your home even hits the market. It’s common practice for the buyer to request a home inspection as one of their contingencies when submitting an offer.

Inspection