Buying your first home is always an exciting time. You’re finally realizing one of your lifelong dreams because you’re buying a brand new home. It is important to remember that everything is not perfect and there are things that you need to be aware of. In order to protect your interests and set the right kind of expectations, you need to ask questions. Here are 8 questions you need to ask when buying a brand new home.
You should ask this question to get a look at the quality of your home builder’s past projects. Their past projects will give you an idea of the quality of your brand new home.
Question # 2: When will my home be finished?
Asking this question lets you know when you can expect the project to be completed. Knowing this ahead of time, lets you make the necessary preparations with regards to your finances and make the arrangements with your landlord if you’re currently renting.
Question # 3: When can we actually move-in?
When a home is finished, you cannot move-in right away. Knowing the expected dates of completion and when you can actually move in are very important as it helps you make the right kind of preparations.
Question # 4: What are the unit’s standard features or amenities?
Knowing the standard features or amenities of your unit lets you budget your money wisely. You can plan ahead for the things you need to buy to complement your house’s features. For example, knowing the specific dimensions of the kitchen lets you choose the right kind of refrigerator to buy.
Question # 5: What are the restrictions?
What are the restrictions that you need to be aware of? These are the things or changes that you cannot do with your property. Violating these conditions can void your home’s warranty.
A brand new home is bound to have some defects that will only be known when it is actually occupied. You should know what are the things you can claim as warranty to save money as you now need to balance your monthly mortgage payments with your living expenses.
Question # 7: Any fees that are refundable?
There are fees that you need to pay when buying a home. You should know if any of these fees are refundable to set your expectations right.
Question # 8: Any discounts?
You should ask these questions if there’s any chance you can save money. There’s nothing to lose and everything to gain by asking for discounts.