3 REAL ESTATE PRACTICES FOR NEW CONSTRUCTION
New home construction involves variables different from the traditional home buying. Though making the location a top priority is still one of the most important real estate practices, there are other critical factors. When hiring a real estate specialist in Minneapolis, MN, who can educate clients on what they need to know about building and designing a new home from the ground up. There’s no better choice than Mary Jo Quay with RE/MAX Advisors.
With 20 years of real estate experience, and Certification as New Home Specialist she explains that it’s vital for buyers to learn 4 points before diving into a project:
- Estimated Building Costs: To ensure you’re clear on costs you need to include all of the components of your new home. The advertised price comes with a standard template, but you may want more. You will want more, but upgrades come with a price. Keep your budget in check by deciding what you can and can’t live without.
- Builder’s Experience & Reputation: One of the most crucial real estate decisions is choosing the right builder. Not all builders are the same. You’d want to research which who has a long term reputation, is within your budget, and has design options that you love. There should be designs, lot locations, and upgrades clearly documented for you.
- Building Codes & Regulations: New construction is loaded with codes and regulations. In Minnesota, energy conservation is critical to the longer-term sustainability and affordability of your home. Ask your builder for a list of features, and specifically which materials affect energy. That would be roof, windows, insulation, air exchanger, wrapping, furnace, lighting, and even appliances. This isn’t grandma’s house, it is built very differently. New energy conserving materials affect efficiency, and affordability over the life of the home.
- Timelines: How long it will take to build your new home depends on what time of year the builder can excavate the basement, and how long it takes to complete after that is in place. Some builders take 90 days,120 days, or even 180 days. Besides weather or material shortages, the biggest challenge to completing on time are the home buyers requesting changes after the fact. It is costly and time consuming. Make sure that you’ve thoroughly thought through your selections before committing to them. You’ll have several opportunities to walk through the home during construction, and the last thing you want to happen is a delay due to you being undecided.
Choosing the right builder and experienced real estate professional are the keys to making your dream of a new home come true. Contact Mary Jo Quay with RE/MAX Advisors at (612) 384-1360 for professional help with the home building process, or visit her online for more information. Contact Mary Jo Quay with RE/MAX Advisors at (612) 384-1360 for professional help with the home building process, or visit her online for more information.