Welcome back to the Capital City Real Estate Group! I’m Marc Iafrate, Broker-in-Charge of the capital city real estate group here in Raleigh. Today we are going to discuss investing in a Raleigh area New Construction Home.
Purchasing a lot to build your Dream Home on can be one of the most exciting investments you can make. Not only can you customize your floorplan to your lifestyle, you can choose from a wide variety of options and materials to truly put your own stamp on your home. That said, buying an undeveloped lot can be a little intimidating for some, so read on to find tips on purchasing a plot.
Do Your Homework: Before You begin your search for a New Construction Home
Before anything, figure out your priorities. Decide the approximate size of the home you want to build and the size of the lot you want. What amenities do you want your neighborhood to have? Where would you like to live? And of course, set an approximate budget. More specific questions will arise later around taxes, available utilities/water access – but, first, just start with your “must haves” and work from there.
Do Your Due Diligence: On The Lot Itself
Once you find a lot in a community that fits your needs on paper, get out onto it and take a look around. Walk the lot with an eye on the topography, any unexpected hills or valleys? What do the neighboring properties look like in terms of size and shape of their lots? Is there anything else that struck you such as airport noise? Are there undeveloped pieces of land neighboring the community – find out what those could potentially be used for in the future.
Don’t Despair: It’s Costly, But There Are some Well Priced Homes Available
Remember that when building your New Construction Home, you Budget for as many foreseeable costs as you can, including: upgrades as well as improvements after you move in, for example landscaping and new furnishings. That said, there are often incentives available on builder option packages and even builder incentives for closing costs that can help offset some of these additional expenditures with New Construction Homes. Be sure to ask about what incentives are available.
Don’t Be Afraid To Ask: Reaching Out to the Experts
Finally, talk to people. Ask current residents about what they liked about their own experience and what advice they would give if they were doing it all over again.
But most important, reach out and partner with your Capital City Real Estate Group professional. We have helped many individuals and families through the new home construction process. We know the process and can help guide you through it every step of the way. Your Capital City Broker can also be valuable if you experience issues along the way. They can be a the “voice of reason” if you feel your concerns are not being addressed adequately by the builder and can often encourage builders to respond more promptly. Give us a call, we are here to give you the benefit of our many years of experience and make your New Construction Home your Dream Home.
But remember: while you will need to talk with many professionals in your due diligence, let your local real estate agent be your first point of contact.
If you have questions or need input, contact your Capital City Real Estate Group Broker today! We are here to help
And remember, you can always rely on your Capital City Real Estate Group Broker for helpful tips and referrals for trusted professionals whenever you need them.
To search all homes for sale in the Raleigh area and surrounding communities, visit this link to our website http://search.capitalcityrealestategroup.com/search-landing.php
Marc Iafrate, MBA
Capital City Real Estate Group
8319 Six Forks Road, Suite 201
Raleigh, NC 27615