The purchase of a new home, whether it is an existing construction or you are building it through a local home builder, is a detailed process and includes many contract and legal details that you need to understand in order to make sure your home build comes out the way you want it. When you work with a builder to construct a new home, it is great to have a real estate agent on your side who will help you along the way with contracts, negotiations, and construction management. Here are some tips to help you buy a new construction home with the help of your real estate agent.

Evaluate the Home Upgrades

When you walk through a model home that was built by your builder, it is important to understand that the model home is going to be impressive in its features. A model home is built as a way for the builder to advertise their construction skills to show you what you can purchase through their company. A model home is going to be upgraded in many areas of the home, from the flooring, lighting, cabinets, and fixtures. Keep this in mind as you walk through the model home, especially if you are on a limited budget and don't plan to order all the same upgrades. 

Because there are many upgrades you can complete yourself later on while you live in the home, you can save on some of your home financing by requesting the builder add these components into the home's construction as the base model and not upgrade. However, look at the upgrades that you know you cannot save money on by adding on your own, such as countertops, and tile flooring, as examples, and add them into your home construction contract with the help of your realtor.

Review the Contracts

To build a home through a local builder, the contracts that you complete at the beginning of the process are going to determine exactly how everything is completed and finished on your home. You are going to have a contract regarding the type of construction materials that are used to build your home. Then, if the cost of construction materials increases while your home is being built, the builder may ask you to cover the extra expense, which would be included in the contract. 

For this reason, you will want to go over all the contracts with a real estate agent from a place like Weichert, Realtors® - Good Life before you sign them. This will ensure that you understand every detail of the contract and so your real estate agent can point out details you may miss.