Homes in a new community are very common for new construction. There are generally a range of floor plans to pick from as well as various upgrades. There is more paperwork to review for new construction homes. The information below on overview of new construction documents to evaluate in Florida might be helpful.
Special Builder Contracts
Many builders use their own forms. Those that use standard paperwork will often add their own addendum. Either way, there are contract terms and conditions that you must understand before buying the home. Real estate representatives are forbidden from advising you on them (since it is considered practicing law). You may find a lawyer for that. Note that many builders will not accept alterations to their paperwork.
Builder Warranty Details
When a builder warranty is included, it will be defined in its own document. Warranty terms can vary. Some builders warranty everything while others have a limited list. Certain changes to your property will nullify a warranty. Also, schedule a reminder for the warranty deadline to avoid missing it.
Most home builders include documentation on the floor plan and construction specs. Look through it closely to understand what exactly is included in the cost, and more specifically, what is not included in the marketed price. Be aware that some floor plans might be summaries and not precise blueprints.
Forms for Holding Certain Units
The ability to hold a unit is not always an option. If you are excited about a specific unit, it is not a bad idea to inquire about this. You ordinarily must submit a deposit and it is valid for a set number of days to decide. This can allow you time to review building specs and other paperwork.
There is usually a set of common add-ons and prices. First, know the applicable time lines. Acting after those dates could result in higher charges or not make them possible at all. Secondly, document your selections.
Overview Of New Construction Documents To Evaluate In Florida
The process of buying a newly constructed home is generally more complex than buying a resale. It is helpful to work with an agent who understands new construction. Your agent can assist with paperwork and help you stay on track. Overview of new construction documents to evaluate in Florida is just one of many considerations in the home buying process.