buying a home, new build
1500 square foot
4.99% interest
3.5% down payment using FHA
total price of the house is $253k
4 bedroom 2 bathroom
all new appliances, washer dryer too
no landscaping done but it’ll be level dirt front and back and getting a $700 stipend to use for landscape
realtor is getting me a 100 inch TV
I had to google information but still don’t know much.
this is in Texas
I’m already approved for loan and everything
what kind of questions should I ask, get clarification?
what do I look out for when signing?
is there something sneaky they may try to put on the contract?
it’s my first time buying a home, I’ve lived in an apartment for 3 years
Posted by master_chiefin777
4 Comments
Congrats on the new build! Make sure you get teh warranty details in writing and ask about any HOA fees that might pop up later – new developments love to spring those on people 😅 Also triple check what “level dirt” actually means because sometimes builders have a very loose definition of that, and $700 doesn’t go far for landscaping these days 💀
You need to find an inspector and pay to have it inspected even though it’s a new build. A lot of things will likely be overlooked by your lender’s inspector.
Don’t use the inspector your realtor recommends once you tell them you are hiring your own independent one.
Find one who uses heat/cold sensing meter plus a moisture sensing meter.
Instagram has some inspectors that post problems they find in new builds like big sections without insulation, unconnected furnace ducting, bathroom fans that vent into the attic space, plugged weep holes on windows, inadequate caulking both inside and outside, exposed shingle nails which create roof leaks…
$700 won’t even BEGIN to cover landscaping unless you have just a tiny strip of dirt on both sides. 🙃
Congrats, this will be an adventure. Make sure to do a final walk through and identify any issues. Hirings an inspector to go over everything with a fine tooth comb is a good idea. You will probably have a 1 year warranty where they return in 12 months to correct any issues that arise. I do not know much about landscaping in Texas but do know $700 will not go far. Some shrubs and a box of grass seed. Plan on putting in some sweat equity. A good idea is to go for low maintenance options. Less stuff you need to water to keep alive. Good luck and enjoy.