Buying from a Builder
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If a brand new home is your dream, buying from a builder may appeal to you. Buying from a builder gives you the flexibility of defining the look and style of your home without being as involved as the self-build process, but there are still many elements to consider. From picking your lot, to choosing your upgrades, to moving in, the entire process can take months, if not longer to complete.
Contact your HLC mortgage professional to walk through your options, and take the first step in finding your dream home.
6 Tips For Successfully Buying From A Builder
- Do Your Research. Look at homes and communities, and talk with builders. Do some pre-planning to help focus on the decisions ahead and prepare for a successful house search.
- Define What You Are Looking For In Your New Home And Community. Identify your needs and wants, and how important these are to you. Then use this list to evaluate each house you visit.
- Get Pre-Approved. It is a good idea to determine your price range before you start looking for your new home. Discuss with your HLC mortgage professional your options for a pre-approval. That way, you know exactly how much you can afford to spend on your new home.
- Selecting The Right Builder For You. When you choose to buy a new home, you should be confident in the company that will build it. Ensure that your builder has the qualifications and the ability to meet your needs and expectations. Ask for references, and talk to other clients about the builder’s work or check with the new home warranty program.
- Warranty. Builders commonly offer a one-year warranty and after-sales service on workmanship and materials in your new home. This service is often backed up by a third-party warranty. Keep in mind that warranties vary from one province to the next.
- Maintenance (After Completion). Many builders will provide you with a home owner’s manual describing the various elements of your home and setting out the requirements for regular maintenance and service. This not only helps you to keep your home in great condition, it also helps to ensure that you do not void the warranty on your home.