When it comes to building a new home in Minnesota there are a lot of home builders and new home developments to choose from. It is important that the Realtor you choose to guide you through the new construction process is experienced and knowledgeable in the new construction field. One of the biggest mistakes I see home buyers make is using the wrong real estate agent or not using a real estate agent at all. Having a realtor that with a new construction background, represent you, negotiate for you, and advise you on the project, can save you thousands.
Choosing the right builder can make a huge difference in how your new home turns out. Having the right builder and the right agent to represent you can make the process fun. We recommend you meet with a few top local real estate agents who are licensed builders or who have represented licensed builders for at least a few years. It is incredible how much there is to know and learn about new construction and until I got my builders license and built a few houses I had no idea how much I did not know. Having a construction background has proven invaluable when I represent buyers and protect them from some of the unscrupulous salespeople, builders, and contractors that are out there.
When selecting a new home builder it is important you meet with the actual builder and the site supervisor. It is common for the builders and site supervisors to utilize a salesperson and licensed realtor to do their talking, but it is a huge mistake for homebuyers to accept this. If you are building a custom home and making a lot of changes to a stock floorplan or are building your own design or a completely custom home from scratch it is even more critical.
Homebuyers in the Twin Cities area of Minnesota tend to do a lot of networking and research when it comes to choosing the right place to live. It is important that you thoroughly research the neighborhood, the development, the neighboring communities, the city, and the county before you get too far along in the process. It is common for a homebuyer to walk into a Parade of Homes model home, or a new construction open house and get emotionally attached to the home. When buyers get emotionally attached to real estate they often overlook some of the basic things that will later disappoint them. Some things to think about when looking for the right new home development are the style of homes, the proximity to things you value, the space in between the homes, the neighborhood amenities, the building covenants and restrictions, the size of the yards, the views, the general feeling of the area, the schools, the taxes, and the demographics to name a few.
Not a Market for the Fainthearted Looking at the housing market in the Twin Cities for February we are going to be focusing on four factors; an ever-shrinking supply of inventory, declining home sales, a consistently upward trend of median sales ... Read More