Things to Consider When Buying A New Construction Home
If your budget allows it and you have also found the perfect Heritage at Todd Creek home, the decision to buy the property seems obvious and easy. However, there are a few things that you should pay attention to before you sign the contract – here are a few important aspects to consider:
- The builder and the building – you need to carry out some very thorough research to determine whether the builder who erected the building is reputable and reliable and you also need to evaluate the data made available about the quality of the building that you are planning to buy;
- Financing options – the builder of the property you are interested in will probably recommend you their lender, but research the terms the lender provides to you before accepting the offer. Financing solutions vary from one lender to the other and the differences between the options can be quite substantial;
- Research your rights and obligations as a buyer as well as the rights and obligations of the seller – you need to know exactly what your rights are in terms of cancellation, quality claims and payment and you need to know exactly what are the seller’s rights and obligations as well.