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New Construction

Do New Construction Homes Come With A Warranty?

new construction home warranty

Do New Construction Homes Come With A Warranty?

One of the biggest advantages of a new construction home is that pretty much everything from top to bottom is brand new.  Being brand new does not mean picture perfect though as there still can be problems/issues lurking in a new construction home.  Buyers of new construction home have the option to have a home inspection performed and the inspection usually is done in multiple stages as the progress of the home is completed.  In this article new construction home buyers can learn what sorts of warranties and guarantees they may get after they close on the home.

New Construction Home Warranty

The warranty coverage and warranty time frames will vary builder by builder and buyers need to understand what type of warranty they are getting before they sign on the dotted line.  By working with a real estate agent or real estate attorney the buyer can have someone in their corner representing their best interests.  Warranties for things like appliances installed in the house will be passed onto the buyer by the builder after closing on the house.  So if for example the refrigerator goes bad the buyer will need to contact the refrigerator manufacturer to get service for it.  On the other hand, if the issue is related to the warrantyinstallation of the appliance then the builder should be taking care of any defects related to the appliance installation.

Many builders offer a one-year general warranty on the home which covers defects outside of normal wear and tear.  Some...

New Construction Home Mortgage Options

New Construction Home Mortgage Options

What Sort of Mortgage Options Are There For New Construction Homes?

With the inventory of homes available for sale being tight in many markets, home buyers are looking at new construction homes.  With a new construction home a buyer can buy a newly built home that is ready or almost ready to move in.  Or they can select a floor plan offered by a builder, select a lot/location and select the finishes and fixtures as permitted by the builder.  For financing that new construction home purchase there are different options to consider as this article explores.

Construction Mortgage

Some new construction homes are available in new developments and the builder is building new homes in particular lots that have been set up previously.  For other new construction homes the buyer is responsible for finding the land for their home, purchasing that land and then getting in touch with an architect and/or builder to plan the actual home.  The land for the home can be anywhere where there is enough space to build the desired home and the land is buildable.

Mortgage lenders do offer land loans to purchase land although the interest rates and terms of land loans are not as favorable as a mortgage loan for an owner-occupied home.  Lot loans are viewed as somewhat riskier to the lender for a variety of reasons and hence come with higher interest rates and shorter overall terms.  Buyers may get a better deal if they get a loan that covers the purchase of the land as well as building of the home as discussed below.

Some mortgage lenders will offer construction...

Batavia, Ohio new construction homes by DR Horton.

In this video I tour the Milford model new construction home for the Heritage Farm development in Batavia, Ohio built by D.R. Horton. East of downtown Cincinnati Batavia is close to shopping, entertainment, transportation and more. This is a new development with new homes.  Take a look and reach out to get assistance with buying a new construction home.  If you are interested in buying a new construction home in Northern Kentucky or Greater Cincinnati please reach out to me at: paul@cincinkyrealestate.com or call/text 513-560-8002

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Triple Crown New Construction in Union, KY

Check out this walkthrough of the Blair model home in the Justify development of Triple Crown Union, Kentucky.  Built by Fischer Homes this home features 4-5 bathrooms, up to 5 bathrooms, 3000 square foot and up and many more features.  Take a look and reach out if you need assistance buying a new construction home.  If you are interested in buying a new construction home in Northern Kentucky or Greater Cincinnati please reach out to me at: paul@cincinkyrealestate.com or call/text 513-560-8002

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Questions to Ask a Builder Before Buying New Construction

Questions to Ask a Builder

Questions to Ask a Builder Before Buying A New Construction Home

When buying new construction, asking the builder the right questions is important. We will cover various aspects to consider when buying new.

You'll see a detailed analysis including the builder's background and credentials, selecting the right type of construction, a checklist of questions for homebuyers, contract and warranty details, financing options, customization possibilities, quality assurance, completion timeline, HOA management, energy efficiency, visiting the construction site, and communication channels with the builder.

One thing to keep in mind is you should always have a Realtor when buying new construction. Making mistakes and finding yourself in a tough situation without representation is easy.

Gain insights and make informed decisions before purchasing your new home.

Understanding the Builder: Company Background and Credentials

When embarking on purchasing new construction, it is vital to understand the builder's background and credentials thoroughly. By considering their experience and reputation, you can gain valuable insights into their expertise in the construction industry.

Company Experience in Construction

One crucial aspect to inquire about is the builder's experience in the construction field. Understanding how long they have been in business, their track record, and the number of successful projects they have completed can indicate their level of expertise and reliability.

Top Real Estate Builders in the Market

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Sanctuary Village, Villa Hills, KY Mitchell Home Tour

I recently had an opportunity to tour the Mitchell model home built by Fischer Homes in the new construction community of Santuary Village in Villa Hills, Kentucky.  This new build community will have a community pool, club house, workout room and more.  For the Mitchell model you can get 4-5 bedrooms, between 2-5 bathrooms and a 2 or 3 car garage.  Take a look at the walkthrough and reach out to me if you are interested in buying a new construction home in Northern Kentucky or Greater Cincinnati, Ohio area.

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RealCincy.com Podcast: Home Remodeling, New Construction and more

podcast hom remodeling

For this podcast I sat down with Greg Matulionis, Master Carpenter and owner of Sawdust Therapy.  During our conversation we discussed home remodeling, new construction, permits for home remodeling and more. This podcast is helpful for those about to purchase, or sell real estate or those considering remodeling their home rather than selling.  I hope you enjoy the podcast and find it informative.  Please also share with those who may find it useful.

Listen via YouTube:

Feel free to ask any questions via the comments section below or to email either Greg or myself.  Also if you have any ideas for future podcast topics you would like to see let me know!

You can connect with Greg on FacebookLinkedInGoogle+,  and ...

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