Buying New Construction – Things to Look For

Recently, I helped first time homebuyers purchase a terrific new construction townhome in Concordia (btw, love Concordia). CONGRATS, Cory and Taylor!! Thought I’d share my impressions of what to look for from the builder/seller side of the fence, as this one was a great experience and one that I thought set the bar high.

  • Access to Q&A with the builder: In this case, the builder met the buyers onsite once their offer was accepted to do an initial walk through to answer questions about the design, finishes and in general. Ceanne, from Caliber Homes, also did a thorough “pre-blue tape” walk through to see what kinds of dings and damage happened in the finishing touches of construction, creating a thorough log of repairs to complete, in addition to those that turned up in the inspection (which were few).
  • Incentives: Don’t be shy about asking for any missing appliances or “extras”. Builders get great deals on appliances and if it means closing the deal, they’ll often install. In this recent case, I was able to negotiate the installation of an AC, washer dryer and a new fridge AND closing cost credit. Boom.
  • Warranty: Most new construction comes with a builder’s warranty. Be sure to get a good understanding of what is covered, in addition to any home warranty coverage you should always ask for that is layered on top as part of the sale.
  • After move in walk through: This was also a pleasant surprise – Caliber offered a walk through after the buyers moved in, so they could repair any paint, scuffs or other cosmetic dings that often occur at move in
  • One year walk through: Caliber also will be performing a one year walk through to make sure all systems are operational. Pretty thorough service, if you ask me.

New construction definitely has its appeal – you are getting all new systems and appliances. And depending on the builder, great quality. What can be lacking is the soul and architecture of old Portland.

At any rate, if you’re thinking of buying new construction, give me a shout – we can walk through in more detail.

Till then, high fives!