Expert Contributor by Sarah Forti Forti Real Estate at Keller Williams Realty
The Homebuyer’s Guide to New Construction:
3 Tips for Buying a New Home Newtown Square is a fantastic place to plant roots because of its convenient location, amenities and beauty. It’s no surprise that there’s a high demand for new homes here! With so many new construction options and price points, there is something for everyone. Before you walk into the sales center, be prepared with these 3 important tips.
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1. Location, Location, Location The first thing to consider is the lot location in the community. To immediately learn what lots are available, look at the site map. This info can often be found on the builder’s website. Certain lots can accommodate specific home designs or sizes. If a walk-out basement is important to you, you'll have to find out exactly which lots are sloped in a way that accommodate that setup. If privacy is important to you, look for a lot that backs to woods. And if being a part of the action and close to the community is a priority, consider a lot a few doors down from the pool, playground, or clubhouse.
2. Budget for Base Price + 15% To be realistic about your budget, anticipate costs of at least 10% over the “base price,” and know it’s more common for owners to spend upwards of 20% on upgrades and specific selections. For example, if the base price of a home is $500,000, budget to spend about $75,000 on upgrades for the lot and options you desire. The model home often includes up to 40% in options
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