Deciding to build a new custom home for your family is an important personal decision and probably the biggest financial investment you will ever make. Naturally, you’ll want to protect your investment by understanding the process and eliminate costly mistakes.
Finding the right builder who provides the best overall value and service is an essential element of this process. The experts at Noah Homes understand this and do everything in their power to help you reduce your stress and avoid problems.
Here are a number of things that will help to make the buying process enjoyable and successful.
Knowledge Is Key - Do Your Research
It’s important to know how the buying process works before you start thinking seriously about building a new home. Read articles (like this one!) and browse the Web, newspapers, magazines and industry/government publications to understand what is available.
Another good source of information is your family, friends and co-workers. Most importantly, visit model homes and talk with builders and salespeople. You’ll quickly learn which builders are trustworthy – and the ones you should avoid.
Get A Pre-Arranged Mortgage
Talk to your bank or mortgage broker early in the process and determine what amount of financing is available to you. Knowing what type and how much of a mortgage you qualify for means you won’t waste anytime looking at options that are above or even below your means. You’ll be able to make a quick and sound decision when the right opportunity comes along.
Check Your Builder's Qualifications
A couple quick calls and discussions with knowledgeable people, and you will quickly know if a builder is worthy of your trust, who do quality work, build great homes and provide great service.
Here are some things to consider:
- How long has the company been in business?
- Is it a member of the Canadian Home Builders' Association?
- Will the builder provide references?
- What after-sales service does the builder offer?
- Does the builder supply a warranty and what does it cover?
- Does the builder listen to you and understand your needs?
- Does the builder offer useful advice?
- Is the personality of the builder one you feel confident in working with?
Always Preview Plans and Model Homes
Take every opportunity to look inspect the quality of the builder's home and understand what's included. If they are selling directly from drawings and plans, always ask to see homes they’ve already completed. Check the windows, open drawers and doors. Inspect every part of the home – inside and out. That is the best way for you to be convinced of the builder’s quality.
Ask to see a description, and samples, of standard features, along with the description and cost of options the builder offers. Check the builder's "spec" list for details of the construction materials and finishing products that will be used to construct your new custom home.
Make Sure You Understand The Costs
There is more to buying a home than just the cost of the home itself. There are closing costs, legal fees, taxes, window covering, appliances and moving expenses to consider.
Always make sure you get detailed prices and estimates on everything involved in buying a home. Talk with your builder, your bank or mortgage broker, and your lawyer to help explain in detail all the costs involved. This way you will avoid surprises and be totally prepared when closing time comes.
Remember…knowledge is key to making the home building experience enjoyable.