Did you know that 41% of Americans would rather purchase a brand new home rather than a home that has been previously lived in? If you're on the market for a house, you should look at all of the properties that are still being built as well. The realtor or property management company should give you a good idea as to how your property will look like once it's finished. If you're interested in buying a new home that is still being built, you'll should take these 3 tips into consideration.

Understand the Floor Plan and Which Features Are Considered Upgrades

Although the property management company may have a bunch of samples for you to view, keep in mind that you might not be getting the same thing for the price that they are offering you. Take a look at the exact floor plan of the new house that is being built, and ask to see which features are part of the basic packages and which features are considered to be upgrades. For example, while the sample showroom or set that you see might have a walk-in shower, you might actually have to pay extra for that.

Get a Completion Clause in the Contract

One of the disadvantages of purchasing a new construction is that you are at the mercy of the contractor's timeline. If you're not careful, you might find yourself in a situation where the contractor will delay handing over the keys due to unexpected obstacles that have emerged. Make sure that you include a completion clause in your contract, so that the contractors must hand over the keys before a specific date. If they don't, you are either entitled to cancel your purchase and get a refund, or you might be entitled to some additional savings.

Make the Extra Effort of Getting an Inspection

You might think that there's nothing to worry about in terms of the structure and condition of the house, as it is new. However, don't be too sure about that. Most contracts will allow you to hire inspectors to take a look at the house as it is being built. These inspectors will be able to identify potential problems so that they can be fixed before the house is completed. These inspections are definitely well worth their investment.

Conclusion

Buying a new house comes with its own set of concerns; however, it means that you can customize the house to your liking. This will allow you to easily get your dream home without having to make any renovations in the future.

For more information about buying a home, talk with a real estate agency in your area, such as Fischer Homes Real Estate.