Here are some of the common new home buying myths and misconceptions that should be considered.
1. New Construction Homes Are More Expensive
While custom homes can be expensive, they don’t always have to break the bank. Costs vary widely based on design choices, materials, and location. With proper planning and budgeting, custom homes can be built to suit a range of financial situations. In addition, a new home comes with brand new materials, appliances, HVAC equipment and major systems, which may not need to be repaired or replaced for a long time. This saves the buyer from additional costs in the short term. Additionally, new homes most often now have energy-efficient features, which can lower utility costs over time.
2. Builders Don’t Need Guidance
Some customers believe once they hire a builder, they can step back entirely; however, it is important for customers to stay engaged, ask questions, and be part of the decision-making process to ensure their expectations are met.
3. It Is Harder To Finance A New Home
This is common misconception. A new home may actually be easier to finance than an older home. Builder upgrades and incentives and the lower risk associated with buying a newly constructed home, can make the process less challenging and faster. Experienced builders often have strong relationships with lenders or subsidiaries whose primary focus is to help borrowers find creative lending options.
4. New Homes Are Of Poorer Quality Than Older Homes
New homes are subject to the latest building codes which have become tighter over the years. These tighter codes have resulted in better energy efficiency, safety and structural integrity, better equipped to resist fire, and better health and indoor air quality.
5. You Can Easily Add More Features Later
Some customers think it is easy to add features like a basement or a deck later, but retrofitting can be more complicated and expensive than including such features in the original plan. It’s a good idea to work with an experienced builder to ensure they help you thoroughly plan out your new build to ensure they capture all you necessities early in the planning phases.
6. Building A Custom Home Is Too Complicated And Time- Consuming
There is no question that building a custom home involves countless decisions, but it doesn’t have to be overwhelming. The easiest way to simplify the process is to hire a reputable builder you trust and who communicates effectively and often. An experienced builder knows what questions need to be asked, even if you do not. In addition, they will provide guidance and expertise throughout the process.
7. Assuming Your Builder Knows Exactly What You Want
The level of communication between the homeowner and designer can impact the final results of the project. As a result, make sure that you communicate well and ask questions anytime that you have concerns.
8. Construction Will Progress Perfectly And Without Delays Or Errors
The most damaging misconceptions new home buyers often have is that construction will progress flawlessly during the build and that they will move into perfect home upon completion. The reality of new home construction is there are usually delays and unforeseen issues during active construction, and then service items or minor touch-ups and repairs that need to be addressed after the home is completed. It is important to keep a positive attitude and “rolling with the punches” in order to have a satisfying experience when building a new home. – Joel Comino, Next Modular
We’re happy to discuss any of your concerns or questions as well as help inform your home buying research regardless of what stage you’re in.
Call us today at (780) 476-7070, info@montorio.ca,