The Home Buying Process for Phoenix New Home Construction Under $500K:
Helping Clients Prepare, Find and Close Phoenix New Home Construction
The Phoenix new home construction market has been booming. With new homes popping up all over, there’s no shortage of options for those looking to break into the new home market. But with so many choices out there, how do you know which new home is right for you?
That’s where we come in. We’ll walk you through the process of finding and closing on your Phoenix new home construction under $500K – because it doesn’t have to be complicated!
This blog post will show you:
- Where to start
- What to look for when touring Phoenix new home construction
- How much deposit should I put down?
- Should I get an inspection?
- What are my new home options in Phoenix under $500K?
- How to get the most for your money when it comes time to close on that new construction property
With all of this information, you’ll be able to find and close on a Phoenix new home construction under $500K with confidence!
Where to Start
When you’re new to the market, it can be hard to know where to start. That’s okay – we’ll get you set up on a new construction home search from day one and get your planning consultation scheduled! We have access to Phoenix new homes construction options under $500K that other agents cannot provide their clients with.
With our advanced tools and new home builders’ databases, we can help you find Phoenix new home construction that fit your lifestyle and budget. We’ll search new home communities by location, price, number of bedrooms and bathrooms, design features – the list goes on! New construction home shopping has never been easier.
What to Look for When Touring Phoenix New Home Construction
Once you’ve found new construction homes in Phoenix under $500K that fit your criteria, it’s time to see them in person! We’ll schedule appointments for new home tours so you can find the perfect new construction property.
When touring these new homes, keep an eye out for things like square footage, number of bedrooms/bathrooms/staircases/living space – basically anything that will impact how much house you get for your money.
Ensure there are enough closets or storage spaces if needed (this is especially important if planning on moving furniture), and make sure all appliances function properly before signing off on a purchase agreement at closing.
Remember: don’t be afraid to ask for the incentives, process, and design options that the builder has. We want to know as much information up front (before you commit and lock down your lot and plan) so that you are well prepared for what to expect while the home is being built.
Not sure what new house you want? We’ll walk you through new homes in Phoenix to determine which options fit your criteria best. Once we narrow down our search for new construction homes in phoenix under $500K, we can get down to numbers.
How much deposit should I put down? This is a question new home buyers ask often, but one that’s difficult to answer.
With new Phoenix new home construction homes under $500K, you can expect anywhere from a few hundred dollars to more than 20% of the new construction home price.
Should I Get an Inspection for my Phoenix new home Construction?
This is one of the most important questions to ask when buying new construction property in Phoenix under $500K. Will you need an inspection? If you’re new to new construction homes in Phoenix, inspections might seem like a waste of money. But, don’t sign that purchase agreement without one!
There are many things that can go wrong with Phoenix new home construction – which is why new homeowners should always get an inspection before buying new construction property. It’s completely normal for builders to miss items, or for repairs to slip by.
By getting an inspection for your new build home, you may have the opportunity to correct items before drywall is put up. This is such an important step to prevent having to repair items after you’ve moved in and now have extra costs, time, and the inconvenience with the needed repairs.
What are My Options for Phoenix New Home Construction Under $500K?
When it does come time for buying your new house, be prepared! We’ll walk you through everything from what’s expected from the home builder, and what the process looks like financially. That’s where we come in: our agents will create customized plans for your budget and show you exactly how new homes in Phoenix under $500K can be yours!
You can start looking for new construction homes on our home search site today. But, just know that this doesn’t include ALL of your options and once you’re working with us, we’ll be manually searching other databases as well.
Ready to start your Phoenix new home construction search? Contact us today to get started!
How Much Deposit Should I Put Down?
This question is such an important one, but the answer really depends on your loan type and the builder. Your earnest deposit will secure your lot and home build, and will be applied towards your down payment and closing costs at closing.
With the high demand for Phoenix new home construction in 2021, we’ve seen deposits range anywhere from $1,000 to $10,000. And in addition, once those buyers went through the design center and selected their upgrades, there were some additional deposits required.
This is something we talk more about in our financing new construction blog post. We’ll also address this in our home buyer consultation so we can come up with a plan that you are comfortable with and can afford to do when we’re starting your new construction home purchase.
How to Get the Most for your Money When Buying a New Build
We want to make sure that you’re stretching your money as far as it can go when you’re buying a new build home in Phoenix. It’s why we think it’s so important to have buyer representation, even when buying a new construction home!
There are so many options from the community, to the lot, along with the upgrades and design options. We are able to guide you through that process to make sure you’re getting the best (and the most) options that fit within your purchase budget!
We start by making sure that we’re looking at what’s available below you’re overall budget so that we know you have room to make structural and design upgrades, and which upgrades can be saved for after you close to save money.
We also help you compare new home builders, their included features, and design costs to make sure that your money is being stretched the farthest it can, without sacrificing quality and your must haves in your home purchase.
We know that buying a Phoenix new construction home under $500K can feel overwhelming, and maybe even impossible. Our team is here to help you identify what your new build options are under $500k and guide you in the process from planning and searching, to design, building, and finally closing.
We want you to love your new build home and feel educated from the very beginning all the way through the end.
It’s never too early to start preparing. Ready to start your new construction home search? Contact us today to get started!