Research the Builder: It is important to research the reputation of the builder. Check online reviews, ask for references, and check if there have been any complaints filed against them. Also, inquire about the warranties they offer.
Hire a Real Estate Agent: When buying new construction, it is advisable to have your own real estate agent who has experience in new construction purchases. They can provide guidance and negotiate on your behalf.
Understand the Local Market: Research the local real estate market in the Sacramento area. This will help you make an informed decision on the neighborhood and the type of property that suits your needs and budget.
Inspect the Model Home: If you are buying a condo or home in a development, usually there is a model home. Keep in mind that the model home may have upgrades that are not standard. Ask for a list of standard features and what upgrades are available.
Get a Home Inspection: Even if the home is new, it is still important to get a home inspection. There may be issues that are not visible to the untrained eye. Having an inspection can help identify these issues early.
Be Prepared for Delays: Construction timelines can be unpredictable. Delays can be caused by weather, supply chain issues, or various other factors. Be prepared for the possibility that your move-in date may be pushed back.
Review the Contract Thoroughly: Make sure to carefully review the purchase agreement. It may be beneficial to have a real estate attorney review the contract as well.
Ask About HOA Fees: If you are buying a condo, it's important to ask about Homeowner Association fees. These fees can add a significant amount to your monthly expenses.
Look Into Tax Incentives and Programs: Research any first-time homebuyer programs, tax incentives, or other programs that may be available to you as a buyer in California. This can potentially save you money.
Think About Resale Value: Consider the potential resale value of the property. Even if you plan to live in the home for a long time, it’s wise to think about its long-term value.
Be Aware of Mello-Roos Taxes: In California, and especially in the Sacramento area, there is something called Mello-Roos taxes which are special taxes for new constructions to fund infrastructure and services. Make sure to check if the property is in a Mello-Roos district and budget accordingly.
Check for Energy Efficiency: California has stringent energy efficiency standards. Check if the home or condo meets or exceeds these standards, as this can save you money on utility bills in the long run.
Consider the Impact of Natural Disasters: Research the risk of natural disasters in the area you are considering, such as wildfires or flooding, and consider how this might affect insurance costs and your quality of life.
Community Amenities and Fees: If the new construction is part of a planned community, inquire about amenities such as a clubhouse, pool, or gym, and if there are additional fees associated with using these amenities.
Understand the School District: If you have children or plan to have children, the school district is an important consideration. Research the quality of schools in the area, and carefully check school boundaries.
Plan for Landscaping Costs: For new construction homes, the yard may not be landscaped. Be sure to budget for landscaping costs if this is the case.
Additionally, the real estate market can change over time, so staying informed about trends and developments in the Sacramento area will be beneficial. Don't hesitate to seek advice from professionals such as real estate agents, financial advisors, and attorneys to help guide you through the process. We here at Serve First Realty are happy to help you navigate this process.
Contact us today and let us walk you through the many areas of new development in the Greater Sacramento Area, and help you buy your new home with confidence.