Dreaming of luxury style without the price tag? Looking for the comfort and convenience of an easy commute? Need more space for your money? Finding a home that matches your sense of style and is move-in ready can be really daunting, especially if you’re looking to stay as close to Manhattan as possible. More and more home buyers are looking for new construction homes that are move-in ready and make their lives much more convenient while even adding parking and even outdoor space.

Here are a few things to consider when purchasing a new construction home or condo.

1. Find an amazing Realtor©

There are a lot of new construction homes going up in Hudson County. Hiring an experienced realtor is the first thing you need to do to help you negotiate the ins and outs of new construction. An experienced Realtor© has all the connections and information on what is coming on the market as well as extensive knowledge on possible customization options.

2. Location

A great Realtor© should know where there are new construction residential developments occurring and have a network to grant you access to see them.

3. Understanding pricing

Most new construction residential homes have a specific price point that is tough to negotiate down. Come in at your best offer and it’ll be yours to build your equity with.

4. Understanding timing once under contract

This could be a stressful thing depending on what part of construction the home is in. Is it just foundation? Are walls and rough plumbing in place? This all is an indicator or timing for a scheduled temporary certificate of occupancy or certificate of occupancy. Your Realtor© and attorney will be able to guide you as to when actual closing will take place in a timely fashion.

5. Home Warranty + Utility Company Protection Plans

You’ve picked your newly constructed home and have done your inspection (for due diligence purposes). Now you’re well on your way to closing. In addition to your home insurance, which you will need to be able to close, you should look into home warranty plans and Worry Free plans provided by local utility companies like PSEG, to prolong the life of your furnace, hvac, etc.

6. Six Months to a Year After Move In

We all agree that the earth is constantly changing and moving, right? Your home sits on a foundation on earth, as the home is lived in; wear and tear and heating/cooling etc. You may start to see seams in the dry wall come through the paint. Do not fret! New homes have not yet been lived in or experienced the internal elements that contract and expand paint. Just repaint every few years and you’ll be fine!

The Mumoli Group at Keller Williams City Life JC are new construction and residential development consultants, we know new homes because we sell them. Contact us for in-depth information on building a home, developing your land and creating your real estate dreams.