Must-Ask Questions When Purchasing New Construction from a Builder

Are you in the market for a new construction home? If so, it’s important to ask questions to help you make an informed decision. After all, this is one of the biggest purchases of your life! A knowledgeable builder can be a great asset in finding just what you’re looking for and avoiding costly mistakes. But how do you know which questions to ask?

When choosing a builder, there are questions like Is the company experienced in building homes like yours? Do they have good references from previous customers? It pays to do your research and find out how long they’ve been in business and their level of expertise.

In addition to researching the builder, many other factors come into play when purchasing new construction. What type of materials are being used? How much customization is available? What kind of warranties or guarantees does the builder offer? These critical points must be addressed before investing in a newly built home.

Let’s learn more about specific questions that any savvy buyer should bring up before signing. Questions now can save you many headaches later.

Qualifications and Experience

When buying a new construction home, asking questions about the builder’s qualifications and experience is essential. This ensures that your contractor has the necessary expertise in all areas of building design and execution. It also helps to ensure that they have been certified by relevant organizations and can provide evidence of their architectural knowledge when constructing your home.

Inquire into the types of certifications or licenses they possess and any specialized training they may have had. Ask for examples of similar projects completed successfully in the past, and ensure you are comfortable with their level of expertise before signing an agreement.

Building Materials and Methods

It’s also important to ask questions about the building techniques and selected materials. The structural integrity and future maintenance of your home depend on these decisions. Ensure you understand the type of insulation chosen for energy efficiency, how much power appliances will use, and any other specialty products that may have been utilized during installation.

Ask how long the process should take from start to finish and inquire if an outside contractor was/is involved with certain aspects of the project. It’s also helpful to get clarification about warranties related to construction materials or labor in case something goes wrong. Asking these questions can help avoid costly mistakes or delays due to substandard materials and processes being employed during the build.

Project Execution Plans

Buyers should ask questions about the building timeline, construction schedule, and quality control measures that have been taken or will take place. Here are some key inquiries to consider:

  • What is the estimated time frame for completion of the project?
  • How will you manage any potential delays in construction?
  • Who will oversee quality control onsite during and after construction?

These three questions serve as a starting point for further inquiry into how your builder plans to ensure an efficient, effective, and safe build. Knowledgeable builders should provide detailed answers regarding their protocol for managing timelines, schedules, and overall quality assurance. A proper timeline can also help you plan other work and decisions about the purchase.

Budget and Estimate

Requesting a cost breakdown and price quote will help you get an accurate financial overview of your project. Ask for a detailed cost analysis that includes any additional costs or fees associated with building on the property. Review all figures thoroughly to ensure that the agreed-upon budget is realistic and achievable for both parties. Ask what happens when budgets are exceeded or when part of the plan doesn’t fit into the overall budget.

It’s also beneficial to ask about financing options, such as payment plans or discounts, depending on when payments are received. You should also be aware of any potential risks related to changes in market prices during the build. The more details and scenarios you can get in your contract, the better.

Warranties and Guarantees

Lastly, warranties and guarantees are critical in supporting your long-term plans and purchase. Buyers must understand what type of warranties and guarantees are included. To ensure customer satisfaction, many builders offer a comprehensive warranty on all aspects of the construction process. This includes everything from materials to labor to installation.

Customers should also inquire about any specific guarantees related to defects or repairs needed after the completion of the project. Many times, these types of issues can be addressed with extended warranties or guarantee periods.

Buyers should also make sure they get copies of all contractual documents, including such things as contracts, specifications, permits, and other required documentation prior to signing anything. Doing this will help protect them against potential problems down the road as well as provide peace-of-mind during their purchase experience.

Questions to Ask a Builder When Buying New Construction

If you’re in the market for new construction, it pays to ask the right questions before signing on the dotted line. Asking about a builder’s qualifications and experience, building materials and methods, project execution plan, budget estimate, and warranty and guarantees will give you insight into their capabilities as well as provide assurance that your investment is protected.

It may seem overwhelming initially, but don’t let yourself be intimidated – after all, it’s your money! By taking these steps, you’ll set yourself up for success with an amazing home that will last seemingly forever – or at least until you decide otherwise. Asking questions of any potential builders is essential if you want to build something truly extraordinary.

tatyana-storck

Tatyana Sturm-Storck

Tatyana and Aaron have over 36 years of combined experience in buying, selling, and investing in real estate. Between 2020 and 2022 they had 282 buy/sell transactions. Approximately 70% of those transactions were in Aurora, Centennial, and Parker.