Buying a new construction home can be a very rewarding experience, but before building can begin, many decisions must be made. If you're a homebuyer who would like to purchase a new construction home, here's what you need to know.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Where Will You Build?
Location is critical for ensuring that the homebuyer will be happy in their new home. When selecting a location, home buyers must ask themselves a variety of questions. How close should the neighbors be? How important is it to live close to businesses, healthcare services and entertainment?
Often rural locations have larger plots of land and more
There’s a lot that goes into buying a new home, and buyers need to know about everything that may stand in their way before the closing date arrives. One thing that home buyers should be familiar with is called private mortgage insurance, or just PMI. But what exactly is PMI, and why is it important? Here is what home buyers need to know about private mortgage insurance cold possibly affect their mortgage loans.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
What is PMI?
When a home buyer pays their down payment, depending on their mortgage loan of choice, they can pay anywhere from 3-20%. However, in exchange for a down payment lower than 20%, the
When purchasing a new home, the new homeowners may find that they are receiving offers in the mail for something called a home warranty. A home warranty covers appliances and systems in a home like a warranty that someone would buy for a new phone or computer. Many homeowners are on the fence about if they should buy one or not because they tend to be more helpful in some homes over others. Here are some of the different reasons homeowners choose to buy a home warranty.
The Home and Its Appliances Are Old
As electronics and appliances age, they have a tendency to break. And though new home technology may appear to never wear out or break, it can happen. Wires get old, screws come loose, motors stop working, and if these things happen, it can