When buying a new construction home, several misconceptions can lead to misunderstandings or unrealistic expectations. Here we’ll break down an extensive list of some of the myths you may encounter as you search for your next new construction home.

·      New Construction Means No Problems
Many people assume that a new home is flawless and won’t have issues. However, new homes can still have defects or problems, so an independent inspection is wise.

·      The Price is Fixed
Buyers might think the listed price is final, but there can be additional costs for upgrades, landscaping, or unforeseen expenses. Customizations and changes can also add to the cost.

·      Builders Always Stick to the Timeline
Construction timelines are subject to delays due to weather, supply chain issues, or other unforeseen factors. It’s important to have a clear understanding of the expected timeline and potential for delays.

·      Everything is Covered by Warranty
While new homes often come with warranties, they don’t cover everything. Warranties typically have limitations, exclusions, and specific conditions, so it's crucial to understand what is and isn’t covered.

·      Customization is Unlimited
Buyers might assume they can make unlimited changes to the home’s design and layout. In reality, there are often limitations based on the builder’s policies, design packages, and budget constraints.

·      The Builder Will Address All Issues Promptly
Builders are generally reputable, but they may not always prioritize issues or address them as quickly as expected. Clear communication and understanding of the process for handling issues is important.

·      The Home Will Appreciate Quickly
Some buyers believe new construction homes will quickly increase in value. While some homes do appreciate, market conditions, location, and economic factors can influence property value.

·      You Don’t Need a Real Estate Agent
Buyers might think they don’t need a real estate agent when buying new construction. However, a real estate agent can provide valuable guidance, help negotiate terms, and advocate on your behalf.

·      The Model Home is Exactly What You’ll Get
The model home is often upgraded and furnished to showcase the best features. The base model you buy might lack some of these enhancements, so it’s important to understand what’s included in the base price and what’s extra.

·      Homeowners Association (HOA) Fees and Rules Don’t Matter
If the new home is in a community with an HOA, it’s important to review the fees and rules. These can impact your living experience and additional cost.

·      New Homes Don’t Require Maintenance
Even new homes need ongoing maintenance and care. Buyers should be prepared for regular upkeep, even if the home is brand new.

·      You Can Negotiate Price as with Resale Homes
Builders often have fixed pricing policies, and negotiating the purchase price might be less flexible than with resale homes. However, you might be able to negotiate upgrades or other incentives.

If you’re thinking of a new build home, understanding these misconceptions can help you approach the process with realistic expectations and better preparation. Another resource that can also help you on your new construction journey is an experienced professional from Metrowest. Contact us today and let’s discuss your options!