January 8, 2009
Chesapeake New Construction. New or Old What to do?
The decision to go for new construction or stick with the previously owned home is always a tough decision. Maybe the following information will help you decide. Chesapeake New Construction. New or Old What to do?
One of the most crucial decisions you will ever make in your life is whether to buy a new construction home or a previously owned home. There are several advantages to buying new construction. With new construction, you can be reasonably sure that the roof won't leak, and if for some unlikley reason it does, the builder will quickly fix it. Not so with the pre-owned homes. If it wasn't raining on closing day and you had no reason to think the roof was bad, then Katie bar the door. Normally you have no recourse but to make the roof repairs yourself. Or sue the home inspector who failed to identify the faulty roof. What? you say you did not use a home inspector. Shame on you..
Also remember, that buying an existing home does not banish you from a leaking drafty house that will tie you up every minute working on repairs.
No doubt about it, following the construction of a new home step by step, can be an exciting experienxe. The process can be a long and many times difficult undertaking. Most folks depend on the builder to guide them thru the process of the entire project from start to finish. However in my opinion, the builder is not the best person to be taking you by the hand, as it is not to his benefit to point out the short comings of his work. Makes a lot of sense huh?
And for god sakes, do not depend on the city building inspectors to keep you out of trouble. The function of the city building inspector is to make sure the builder is in compliance with the code for the city. This does not necessarily equate to quality, just simply compying with the city rules (code) does not mean high quality. Besides the inspector is only on the site for a tiny amount of the total time of the building project.
My strong recommendation is that you use an independent, licensed, professional home inspector or new home agent that has lots of experience to hold your hand. That person can objectively and completely oversee the entire building project from stem to stern and provide you with knowledgable, unbiased information that can be worth its weight in gold.
Too often a home inspector is not called until you are already experiencing problems with the construction of your new home. This could be many months after the home was built. Rarely do new home buyers consider hiring a home inspector while the house is under construction.
Too often, the home owner is unaware that an outside inspector could be hired. However its important that it is written into the contract that you will have your own home inspector, as many builders restrict anyone on the property except on special occasions when they give you an occasional guided tour.
You always have the right to choose who will oversee the construction of the most valuable asset you will ever own and make sure you do not let the builder bull doze you on this. Its your right. If the builder resists your bringing in your own inspector, its is a sure red flag that something may be wrong.
Make sure everything of any importance between you and the builder is put in writing. You should discuss your warranty thoroughly with the builder and make sure your home inspector has a copy of this.
Make sure you have a detailed paper trail. Send all correspondence to the builder by certified mail, return receipt requested.
Another super person to walk you thru the construction process is Tom Chambers with Resh Realty Group. He has carefully monitored the day to day construction of many new homes and has been able to divert many potential problems before they becam e monsters. Also you can view thousands of color photos and homes for sale click here. Thousands of color photos just waiting for you to view in the comfort of your home.