Real Estate News has some exciting information -- according to reports from Redfin, in 2024's first quarter, new construction homes accounted for 33.4% of available homes for sale.
There are countless benefits of purchasing a brand new house, but construction process insights can't be ignored. This helps you know what to look for in a new build so you're getting the most for your money and working with a trusted builder.
Here are some off-plan purchase tips in Lafayette, Indiana.
Only Work With Reputable Builders
One of the best ways of finding a reputable contractor is through online reviews. In fact, upwards of 88% of consumers say reviews affect their purchasing choices (Luisa Zhou).
The builder you work with should have a website that lists testimonials and photos. More than that, check them out on the web, looking for reviews on impartial third-party sites, Google included. Don't be afraid to ask for references so you can speak to other clients before investing in something as big as a house.
Look for Issues With Homes
When purchasing Lafayette new homes for sale, always check out a builder's other projects before entering into an agreement. Ask to look at other builds, including:
- Residential homes
- Commercial buildings
- Apartment buildings
Just because you're not a professional contractor doesn't mean you can't spot potential red flags, especially if something seems blatantly wrong at a construction site. If you're looking to work with a trusted full-service property management company to assist with your new build, ask them to accompany you, as they have a lot of expertise in this area.
Conduct a Home Inspection
Just because you purchase a new home doesn't mean you shouldn't inspect it with a professional. These trained individuals can look for potential issues so you can request repairs before moving into your new home. This works to keep you and your family (or potential renters) safe in more ways than one.
As with a builder, always work with trusted and approved home inspectors recommended by a neutral third-party source, and not your home's contractor.
How Many Homes Have Been Sold In Your Neighborhood?
The percentage of homes available in your prospective neighborhood can be very telling. If it's a popular area but the homes available from this particular builder just aren't moving off the real estate market, there may be a reason for it.
This doesn't necessarily equate to subpar builds -- it can very well have something to do with pricing or available mortgages. Just be sure to do your due diligence and find out why the homes aren't selling before entering into any type of contract.
Invest in the Best New Construction Homes
New construction homes can be very exciting to purchase. They're customizable, so you can invest in your dream house. You may even benefit from some warranties not available on older homes.
However, contractors in Lafayette, Indiana should be researched before agreeing to any contract, ensuring they're reputable and the best company for the job.
No matter what type of property you're looking to purchase, should you need a professional property manager, PMI Lafayette can help. Choose from a variety of services, including tenant screening, maintenance requests, rent collections, and other essential services for landlords. Contact us today at 765.249.7274 or get a Free Rental Analysis.
