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The residential real estate market has been booming since the end of the pandemic. It seems that the slow phase never happened. New construction homes are the real winners when it comes to the housing industry. Statistics show that new construction in the country has witnessed the biggest surge in three decades this year.
Permits for future constructions have increased, and the market size touched a high of $910 billion in 2022. Undoubtedly, the new construction market is on the brink of a big boom, regardless of the fear of recession and credit conditions being tight. As a buyer, you will surely want to join the bandwagon and opt for a new building rather than an existing property.
Building your dream is about choosing a reputable new home builder you can rely on to deliver to your expectations and beyond. You cannot just trust a random provider to handle the investment of your lifetime. Here are a few tips to help you explore new builders and compare their offerings to find the best one.
Tour Model Homes
The average construction cost of a new single-family home in the US was about $392,000 in 2022. That’s nearly $100,000 more expensive than the cost in 2019. Before committing to such a massive expense, you must know what to expect from a new home builder. The best way to do it is by touring a model home.
Builders often have a few ready to showcase their work to potential clients. Century Communities notes that checking portfolios online is a good start when finding a professional you can trust to construct your dream abode. The best thing about these virtual tours is that you can plan one at any time and from anywhere. You can always drop in at the real property once you are sure about it.
Prioritize Construction Quality
The build quality of construction projects should be the mainstay of your decision when it comes to choosing a builder. According to Zippia statistics, the American real estate market has more than 44,000 builders. That means home buyers are spoiled for choice. It also gives them a reason not to settle for sub-standard quality.
As a novice, you may not have much idea about the quality parameters of a new construction house. But you can definitely trust your eyes and instincts in this context. Besides assessing material and design, you can dig deep into details. Things such as the smoothness of the drywall finish, well-mitered corners in the baseboard, and level installation of hardware define the quality of the project.
Check the Credentials of the Builder Team
The offerings of a home builder are as good as the team that works for them. You may find a reputable business owner through referrals and recommendations but don’t proceed without checking who else is involved. Go through the credentials of the construction team, from architects to engineers, interior designers, and contractors.
Are they qualified for their jobs? Do they have ample experience with residential projects? Do you see them showing genuine interest in your needs? Are they prompt, courteous, and professional during interactions? Check each point on the list before sealing the deal because a great team makes a great company.
Look for Industry Involvement
The American real estate segment is heavily regulated on the federal, regional, and local levels. Builders need to follow several rules and compliance requirements to stay on the right side of these rules. Compliance also results in quality, making it a big plus for any business owner in the industry. Buyers can easily trust providers with good industry involvement.
While all builders may not choose to be a part of their local associations, membership shows their commitment to quality standards, excellence, and sustainability. It also shows that the builder has the best connections in the industry, from building product suppliers to trade contractors and community developers. Collaborating with them is a great idea.
Seek Design Fits
The custom home trend is big in the US, with more and more American homeowners looking for houses seamlessly matching their lifestyles. Choosing a builder that offers design fits enables you to find the home of your dreams. Look for someone with a robust portfolio comprising custom-built properties for diverse needs.
The good thing is that you can find providers with expertise in different design styles and architectural details. Also, discuss your lifestyle and expectations with them before going ahead with the project. Ask for suggestions and solutions to understand how well they follow your requirements.
The Bottom Line
Finding a home builder to construct the house of your dream need not be a challenging journey. You can follow this simple checklist to explore, compare, and assess the options in the market. Digging deep before committing to a provider is the best option because you will not want to compromise with your vision of a dream home.
