There are some very exciting times in the luxury housingmarket across the country. The prices of existing homes are low and are still dynamic.Custom home builders are more in demand than ever before. Most people assume that existing homes will not sell as wellwhen there is more new construction. However, this is not true. The market is poised to experience massive growth due to thesteady rebounding housing market, low interest rates and a strong economy.
Unfortunately, some builders are trying to profit fromthis dynamic market by offering low-priced, poorly constructed models topotential buyers. How can aninexperienced buyer determine if they are getting the best deal when looking atthe housing market? Below are someindicators that can be used to assess the integrity of luxury homes for saleand the builder of them.
Price
A clearly reduced price may seem attractive, but thisshould not be a red flag. There are somegreat deals on brand-new homes that are available, and they are just waitingfor you to take them up. Most homes sell at or near their true value. Home buying isn't slowing down because interest rates onloans are now lower than ever, making it almost a buyers and sellers market.
You should always visit the home again with an appraiserif you are offered a deal that is too good to be true. There are great deals outthere, but the current market conditions may make it difficult to find them.
The Home Builder
The home builder is a major factor in the quality of anew house. Ask the home builder if youhave any questions about a home. The homebuilder will gladly answer your questions about past projects if they are proudof their work. Ask questions and listen totheir answers. Your intuitions and comfortwill help you.
You should ensure that all information is written down ifyou are hiring a custom home builder. Talk about timeframes, costs, and liabilities and thenorganize it into an itemized contract. Theseshould be done before you sign anything. You can also have a trusted lawyerreview your contract.
Energy Efficiency
Many home buyers are now choosing environmentallyfriendly buildings. Although greenbuilding is more costly than conforming to local building codes for your home,it has a lower environmental impact and reduces harmful VOCs.
ENERGY Star products are able to save electricity andreduce energy consumption. These products can be a good investment that will pay off inthe long-term. These home builders arecurrent in their field and are willing to provide quality products support longafter they have sold the house.
The past home buyers
Past customers are the best source of information forpotential home buyers. Get to know thearea before you commit to buying a custom-built home. Talk to residents and do your research about the area. You can learn from past customers' experiences, whether theyare positive or not, what the home builder does.
