New homes offer enhanced safety and energy efficiency and layouts more suited to modern lifestyles, and sometimes the ability to customize spaces that you don’t get with a resale. But if you’re not careful, costs and expectations can spiral out of control.
Here are five costly mistakes to avoid when buying a new house.
1.) Settling on one lender without shopping around -Unless you shop around for mortgage rates, you won’t have a basis for comparison.
2.) Not understanding builder warranties
3.) Choosing upgrades that won’t increase your home’s value
4.) Assuming you can’t negotiate with a builder
5.) Not budgeting for items you’re responsible for
These are the major points you should be aware about. If you want to learn more then call 208-870-4412.
