When you’re thinking about buying a new home, it’s always an exciting time. There’s nothing quite like the joy of imagining what your life will look like once you’ve found your dream home.
San Antonians on the hunt for a house may look for a home that’s already built, but sometimes they don’t exactly fit the needs of your family. When purchasing a home, it’s important that it represents who you are and offers you the type of lifestyle you want.
One option, in addition to an existing home, is a new construction home. Depending on your budget, your timeline, and your needs, there are three different types of new construction homes you can purchase — custom, semi-custom, or spec or production— and each one has its benefits.
With a fully custom home, you will have a say in every aspect of the design and layout of your house. If you aren’t in a rush and like to be hands-on, this option could be the best way to create the perfect house for you.
A second option is a semi-custom home. These are typically in more affluent neighborhoods owned by developers.
Thirdly, you could buy a spec or production home if you don’t want to take the time to fully design every detail of your house. Even with a spec or production home, you’ll still make key decisions such as paint colors and design models to make sure the house is a reflection of you and your lifestyle.
Deciding on what type of home is best for you is not an easy decision to make. For many people, having a trusted realtor on their side to help them explore their options is always a welcome asset in the home-buying process. Members of the San Antonio Board of Realtors (SABOR) are experienced realtors who can help you find the perfect new construction home for you.
When buying a new construction home, there are a few important steps you’ll need to take. First, you’ll want to verify your credit score and review your finances, so you can know what you’ll be able to afford and plan accordingly.
From there, you can put together the paperwork necessary to get pre-approved by a lender. Even if you’re pre-approved by one lender, you aren’t tied to them and can still shop around for other loan options.
Next, it’s important to have a realtor on your side. They’ll play a vital role in negotiations, especially when purchasing semi-custom or production homes.
They’ll also have extensive knowledge of neighborhoods, the housing market, and the different builders around town, all of which will aid you in your hunt for your dream house.
Once you have a realtor on your side, it’s time to understand your timeline. Custom homes will take time to create, so it’s necessary to work with your realtor and builders to understand how long the process will take. This will allow you to plan ahead for when to sell your current home and get yourself ready for move-in.
Lastly, once you’ve found your new home, you’ll need to review your options and may negotiate for the best price. It’s essential to have a realtor advocating on your behalf. They’ll have the experience and knowledge to get your home for you at a fair price.
If you’re thinking about buying a new construction home, your realtor can help you every step of the way. To find a realtor visit sabor.com.