Buying your own home is an exciting process, especially when you have only rented a home in the past. When you buy a brand new home, you are the first one to live in the home, however, there are some items you should consider when you buy a brand-new home. Here are some tips to help you budget for when buying and moving into a brand new golf course home for sale.
Is Sweat Equity Available?
When you buy a new home, you can often select the floor plan, interior home features, and material that will be used to build the home to your specifications. When you are having a home built, you may check into if the home builder will allow you to do some of the work yourself to save on the cost; this is especially helpful when your budget is tight and any small savings can help you afford your new home.
Doing some of the work yourself is referred to as sweat equity and can include such items as interior painting and drywall, mudding drywall, installing doors, molding and other trim work, and hanging fixtures. Talk to the real estate agent listing the home in the beginning of the building process to find out if this is an option for you. You can find out what types of sweat equity work are available for you to complete and how much cost it will help you save off the price of the home.
Is the Landscaping Included?
Another big factor when you buy a brand new home is if the landscaping and yard around the home will be included in the home's price. Many times you may build and buy a home that does not include the cost of landscaping this yard, which can leave you with a dirt and rock-covered yard full of tall weeds that attract pests and insects. If you have children or pets, they can track dirt and mud into your new home and on your new carpeting. Leaving your yard void of vegetation can also cause your yard and home to be hotter during summer, which will result in your air conditioner working harder to cool your home's interior.
Landscaping a yard can be costly to you when you have to pay for it on your own after you move in, and you may find your new home mortgage payment has your budget stretched tightly to make it difficult to pay it out of your pocket without putting it on a credit card. For example, laying sod to install a new lawn and installing a sprinkler system can cost $3,500 or more, depending on the size of your yard. Talk to the agent for the home builder to find out if you can squeeze the landscaping into your home budget or cancel on an interior upgrade in your home to afford the landscaping.Share
28 May 2018
I have always been someone who is passionate about making the world around me more beautiful, which is probably why I was drawn to real estate initially. I really wanted to create a place where me and my family could spend a lot of time together in a peaceful, relaxing place, so I started looking for places in my area that were fit for the job. Within a few months, I was able to find an incredible property that was within my price range, so I purchased it as soon as possible. This blog is all about choosing beautiful real estate.