5 Tips for Buying a New(er) Construction Home in Michigan

Sep 29

Whether it is a new construction home or just a newer build, you will want to know this before you buy and invest.

I've been helping Michiganders secure mortgages for their dream homes across Michigan since I started in the mortgage industry seven years ago. When it comes to buying a new(er) construction home, there are some key things you should be mindful of.

*A home on Water Ridge Street, Byron Center, Michigan secured for buyers by Iris Mortgage. Buyers represented by Kyle Kimble of REMAX*

First and foremost, do your research. Builders' reputations vary, so look for reviews and testimonials from previous buyers. Visit their past projects if possible to get a sense of their craftsmanship and quality.
Budgeting is crucial. New construction homes might seem move-in ready, but there can be hidden costs. Ensure you have a clear understanding of what's included in the base price and what upgrades will cost you.
Don't forget location. A newly built home might be beautiful, but if it's in an inconvenient or undesirable area, it can affect your long-term satisfaction and resale value.
Inspect, inspect, inspect. Even though it's new, have a professional home inspection done to catch any hidden issues.
Lastly, understand your financing options. Work closely with your mortgage broker to secure the best loan for your situation. We have products to build on land you own, build and buy land all in one, buy a new built home in a subdivision and more!