Thinking of Building? Know Your Options!
Unlike buying a new car, new homes don’t loose their value as soon as you buy them. In fact, they can be a better investment than a used home if you choose the right builder and have your home built in the right location. New homes have come along way over the years and if you want the latest and greatest in your next home, new construction is the only way to go. Finding the right location, however, can be a bit hard if you don’t know what you’re looking for.
New Construction Homes have all of the latest energy efficient and smart home functionality. Getting a new home warranty is another benefit when buying a new construction home. While you can buy a home warranty with a used home, it normally only covers the appliances and minor coverage on the systems of the home like electric, plumbing and HVAC. The State of Mississippi mandates that all new home builders must warrant their home’s build quality and systems for 1 year and structural for 6 years. Check out the Mississippi Home Warranty Act for more information.
There are many pitfalls in building a new home, so we decided to go over a few of them here. All agents at NextHome E-Realty have worked for multiple builders and have vast knowledge in new home building along the Mississippi Gulf Coast. While many builders try to take care of their customers, many do the minimum to get to the end. There are really two types of builders you will be dealing with in single family residential homes. The first is a Production Home Builder which builds you a home with hardly any changes that you can make. The second type is a Custom Home Builder which is just the opposite. They do mainly what their name suggests… build you a custom home that fits you exactly down to the door knobs and plumbing fixtures. Let’s take a closer look at both types.
“Production” Home Builders
Essentially, production home builders build the same homes over and over and they’ve gotten very good at it. The more efficient they get at it, the more they can bring down their cost of the home and pass that saving along to you. Production builders also build on their own lots in their own subdivisions that they sometimes have developed. The main three production builders on the Mississippi Gulf Coast are Adams Homes, DR Horton and DSLD Homes. All offer to pay closing costs as long as you use one of their preferred lenders. While value seems to be the biggest focus for production builders, they don’t give you the ability to make changes to their plans. This means that you will most likely have to compromise on your home’s design.
“Custom” Home Builders
If production home builders offer the best value, custom home builders offer you the best design… at a price. So if you need some specifics in your next home, custom home builders offer you the best peace of mind because ultimately, you’ll be the one having to live in the home. There’s nothing more annoying than to be reminded daily you should have chosen to build your home differently after you move in. Having a home builder that asks the right questions eliminates this way up front. You need to discuss how you live in the home, not just how many bedrooms and bathrooms you need. The most well known custom home builders along the Mississippi Gulf Coast are Elliott Homes, Fritz Homes, Shepard Homes and Sapphire Homes.
Have a New Construction Home Builder in Mind?
Remember to contact me first before contacting any new home builder. They have their own sales staff representing the builder’s interest and I will be representing your interest. The great part about having me on your side is that it costs you absolutely nothing. I get paid by the builder, but as the state mandates… I represent you! If you have already visited the home builder’s model home, it’s okay! I can still represent you as long as you have not signed their construction agreement yet. So, contact me now to get started!