Guide to Buying New Construction in Charlotte, North Carolina
Overview: New Construction in Charlotte, NC
In this guide, we explore essential considerations for purchasing new construction homes in Charlotte, North Carolina. Hosted by Steve Jarrell from The Longleaf Group, this video covers crucial insights, potential pitfalls, and invaluable tips, including a cost-saving strategy for new builds.
Key Considerations When Buying New Construction
- Builder Quality and Options
Builders vary significantly in terms of customization options and quality. The main types are:
- Custom Builders: Offer full customization of floor plans, finishes, and more.
- Semi-Custom Builders: Provide a range of customizable options within specific guidelines.
- Speculative Builders: Construct homes with predefined designs, offering limited customization.
Price points often correlate with the level of customization and quality provided.
- Understanding Timelines
The timeline can vary:
- Custom Homes: 12 to 18 months or more.
- Semi-Custom Homes: Approximately 6 to 9 months.
- Spec Homes: Could be move-in ready or 3 to 6 months from ground-breaking.
- Selling Your Current Home
If selling your current home, plan proactively. Most builders require homes to be sold before securing the new build.
- Buyer Representation and Inspections
Buyer representation is critical, as the sales rep represents only the builder. Inspections are vital at various stages, such as pre-drywall and post-drywall, for optimal assurance.
Cost-Saving Tips for New Construction
- Strategize on Upgrades
Consider completing certain upgrades post-closing to avoid builder markups, potentially saving a significant amount.
Key Takeaways
Buying new construction in Charlotte can be a rewarding investment. Understanding the various builder options and timelines, planning your current home sale, and ensuring proper representation and inspections are all crucial for a successful purchase.
