The first step after you’ve got that loan commitment in hand is to make a list of the new communities in the area you’re interested in. Before you waste a lot of time driving out to them, call and find out the median price of the homes. Don’t go by the starting price in the advertising. Projects rarely have homes or even sell them at the bottom of their price range.
From the builder’s standpoint, the name of the game is to upgrade you to the maximum you can qualify for. Before that can happen, they have to get you out to the models.
It’s similar to buying a car. You may be attracted to a dealer by the low advertised price, but when you get there, you find it’s a stripped down model. The salesperson then pressures you to upgrade. New homebuilders are masters of this. By the time you get through the options and upgrades, the real price range starts about halfway up the scale. If you plan on this from the beginning, you’ll save a lot of running around. This is not to say that builders are dishonest, just that new home marketing stretches the envelope a little to get people through their projects.
From the builder’s standpoint, the name of the game is to upgrade you to the maximum you can qualify for. Before that can happen, they have to get you out to the models.
It’s similar to buying a car. You may be attracted to a dealer by the low advertised price, but when you get there, you find it’s a stripped down model. The salesperson then pressures you to upgrade. New homebuilders are masters of this. By the time you get through the options and upgrades, the real price range starts about halfway up the scale. If you plan on this from the beginning, you’ll save a lot of running around. This is not to say that builders are dishonest, just that new home marketing stretches the envelope a little to get people through their projects.
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