How safe to buy a newly built house
It becomes a nightmare to buy a house for a common man in the present days when you realize the actual cost. Some buyers focus on the more practical aspect of buying a new home because it typically will require less maintenance than an older house. It’s very important for some buyers to have everything new, plus they have the peace of mind that comes along with the builder’s warranty.
New houses often come with more space and better appliances, require less immediate fix-up work, and are more energy-efficient than older house at a competitive price. But that’s not the only good point to buying a brand new house. Buying a new build also helps the environment and means you don’t have to deal with greedy previous owners forcing you into a bidding war for the property.
A brand new home is real fresh start for any family. You can decorate every single room exactly to suit your individual needs. But as well as looking exactly how you want, a brand new home is very kind to your pocket as well. Newly built homes are much better insulated than older properties and include double-glazing windows as standard. So they are much safer to buy.
Mostly newly built houses comes with an energy rating certificate which means you can be sure that you are reducing your carbon footprint – and helping save the planet. Newly built houses are much safer and more secure than older properties. Fire safety, in particular, is helped by the standard installation of smoke alarms, fire doors, and fire retardant materials. Most of the builders will include security locks, burglar alarms and security lighting as part of your standard specification in the newly built houses.
Financial incentives include getting your stamp duty paid or a certain amount of cash back after you move in. Once you agree on a move in date, very little should stand in the way of your move. And if you have any doubts, you can even ask your solicitor about getting the completion date written into your contract.
Most important factor in buying a new house is not what you instead whom you buy it from. Don’t rely on oral commitments get it in writing when dealing with a developer’s sales representative, get all promises as to what will be done, and when, in writing. Before you sign the purchase contract, make sure it includes every one of the agreed-on changes.
Ask whether any complaints have been filed against the developer. Hire an experienced contractor or home inspector to visit the house you’re buying at various phases during construction to evaluate the quality of the work.
Visit your home site regularly during construction and take a final walk-through to catch last minute finishing deficiencies. Ask the builder to allow your inspector or contractor to give the home a once-over at least these three times during construction.
Many developers advertise houses at comparatively low prices to get you to come out and have a look. Once there, commissioned salespeople show you models loaded with expensive extras and if you seriously interested, the advertised price will rise as you decide that certain extras are essential. So take care of essentials first. Make sure prices are fair since some developers are less ethical in pricing extras than others.
It’s best not to close escrow on a newly built house until the work is completed. Don’t allow the builder to delay construction into the indefinite future. If the developer fails to make a good faith effort to do the work, you may be able to sue in small claims court if you have out-of-pocket losses.