New Construction Yay Or Nah

New Construction Yay Or Nah

New Construction Pros

1 year warranty

Most builders will include a one year warranty on a new construction house. As the house settles, screws can pop out of the walls etc. With this warranty, your house will still feel like the first stay you moved in one year later.

If you get in early enough, you might be able to pick out your finishes

This is a maybe but it’s possible! So if you’re seriously looking for a new construction property, talk to your agent about what he/she knows that is coming down the pipeline within the year. If the project has just broken ground or soon after, you have a chance to pick your finishes.

Most come with a roof deck

Roof decks are seemingly as common as living rooms at this point, especially in new construction houses. Warning! Your friend base might increase as word gets out that you have a killer roof deck with amazing views.

Move-in ready

Not handy? Don’t have the time? You won’t have to fix so much as a lightbulb when you move into a new construction property.

New Construction Cons

The price is the price

There’s very little negotiating if at all on new construction properties. This is especially true if the builder is building multiple units. That’s because if they sell it to you for less than what they have it listed for, they will have to lower the prices for the rest of the properties they haven’t sold yet.

Your house looks like everyone else’s

This could be argued as a pro as well. When a house is cookie-cutter, it appeals to more people’s taste. When a house is too specific in its finishes or layout, it might be on the market for a long time.  

If you don’t get in early, your finishes could be chosen for you

It’s not ideal to make updates or changes after you buy a new construction house. You’re already paying top dollar for new construction. Sinking more money into the house to fix a bathroom that you didn’t care for might not make as much financial sense. Whereas, if you bought an older home with an outdated bathroom, the price usually factors that in. With new construction, they’re assuming you love everything and you’re willing to pay for it.

There might be delays

That’s life, right? If you’re renting and on a month-to-month lease, this might not affect you. If you have a settlement date on the books, it can get down to the wire. Just keep in constant contact with your agent and he/she will work with the builder.

Emily Terpak Headshot
Phone: 609-605-6507
Dated: August 20th 2018
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