New Homes NH
Is building a new home for you?
Be warned; new home construction is not for everybody.
Qualify yourself before taking the leap.
New Construction Quiz:
1. Do you enjoy making lots of choices?
Starting with the floor plan, features, specs, flooring, kitchen design, style of windows, wall colors, lots of big and small questions that need to be resolved quickly so you don't delay the completion of your new home.
2. Are you ready to pay premium for a newly built home over the resale value of existing homes?
Just like a newly purchased car looses some of its value as soon as it leaves the dealer's lot, a custom built brand new home if offered for sale to someone else may not attract a purchase price that covers the construction costs. Think of a custom tailored suit: the size, the hem, the textile, the style were all your choices and may not fit someone else. Unless you're planning to stay in that new home for at least 5 years, consider resale instead.
3. Do you want state of the art home construction technology, energy star rating, green home building features?
They all come with significant price tags, and while allow you to save money in the long term, require an upfront investment.
4. Are you disciplined enough to stay within budget?
Most buyers end up spending 5-10% over the sticker price for upgrades as the home is being built. Bigger kitchen, more expensive cabinet and flooring choices, upgraded counter tops, the list can grow endless. You'll need to have a firm hand on the purse to control spurious expenses, and sudden temptations to go for the best in every item.
Grade Your New Construction Aptitude
Number of YES Answers:
3-4: Go ahead you'll be happy to have your new home built and will enjoy the process.
2: Caution, new home construction may not be for you. May want to look at some existing homes first.
0-1: Stay away from new construction, especially from custom homes, you will not like the result. Consider buying a newer home instead.
New Homes NH Properties
Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Jan 23, 2020 12:56:am.