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11 things to ASK about when buying a new home in Colorado Springs

Buying a New home in Colorado Springs?

Search for New Homes in Colorado Springs

I recently showed a variety of new build homes to a client moving from out-of-state to Colorado Springs. We carpenters-building-house-uid-1178637 looked at properties in Gold Hill Mesa in West Colorado Springs and at homes in Banning Lewis Ranch. It made me think about all of the things that are different between new build properties and resale homes, perfect for a new blog post. Here’s my list of 11 things to Ask about ………..

(1) Ask about the lot premium. Many new home communities charge a lot premium (an additional charge) for what they consider premium lots. Lots in a cul-de-sac, larger lots, lots with better views; all of these are considered more desirable lots, hence they may have a lot premium associated with them. These prices can range vastly, $2,000 to $50,000 and is added to the cost of the home.

(2) Ask what is the build time? More and more builders don’t start pulling the building permit hence they don’t start building a home until they have a purchase contract from a buyer. Build times can be as short as 4 months, and as long as 8 months. And, if a buyer signs a contract in the winter for a a new house, the length of the build time can be dependent on mother nature; as many portions of the project can’t be completed or even started in the winter months.

(3) Ask if the builder has a model of the house a buyer can look at it vs. looking at the plans? Many buyers aren’t comfortable purchasing a home from blueprint drawings; they want something they can walk through, something they can touch and feel. If a builder has a brand new model, they may only have Read the rest of this entry »

Tags: Banning Lewis Ranch, Buying a brand new home in Colorado Springs, colorado springs area real estate, Colorado Springs new home, first time home buyer, Gold Hill Mesa, Lot Premiums