Thinking about buying a new construction home? These Frequently Asked Questions cover common questions about the process, costs, and what to expect. If you need more details or personalized guidance, Syan Real Estate is here to help—contact us anytime for expert advice.
New construction homes offer several benefits, including modern design, energy efficiency, and minimal maintenance. Builders use the latest materials and technology, meaning better insulation, higher efficiency HVAC systems, and smart home features. Additionally, buyers often have the option to customize finishes, such as flooring, cabinetry, and countertops.
How Syan Real Estate Can Help: We can guide you through the entire process, from selecting a builder to negotiating upgrades and understanding warranties.
The timeline for building a new home varies based on factors such as weather, labor availability, and material supply. On average:
Unexpected delays can occur due to supply chain issues, permitting, or inspections, so flexibility is important.
Yes. While builders have their own sales representatives, those agents represent the builder’s interests—not yours. Having a knowledgeable real estate agent ensures you have someone negotiating on your behalf, reviewing contracts, and explaining potential hidden costs.
How Syan Real Estate Can Help: We advocate for you throughout the entire process, ensuring you get the best terms, incentives, and protections when buying a new home.
The base price typically covers the structure, lot, and standard finishes. However, many upgrades—such as premium countertops, higher-end flooring, and extended patios—cost extra. Additionally, landscaping, fencing, and even appliances may not be included in the base price.
How Syan Real Estate Can Help: We help you compare builders’ standard features vs. upgrade costs so you can budget effectively.
Builders are less likely to lower the base price since it affects future sales, but negotiations are possible in other ways. You may be able to get:
How Syan Real Estate Can Help: We leverage our experience to negotiate builder incentives and maximize your savings.
Most builders provide a structural warranty (10 years) covering major components like the foundation and framing. Additionally, there are:
Understanding these warranties ensures you know what’s covered and for how long.
Yes. New homes are built with better insulation, high-performance windows, and energy-efficient HVAC systems. Many also feature LED lighting, smart thermostats, and Energy Star-rated appliances. Some builders even offer solar panel options or pre-wiring for EV chargers.
Beyond the base price, buyers should budget for:
How Syan Real Estate Can Help: We provide a full cost breakdown so there are no surprises.
You are not required to use the builder’s lender, but they often offer incentives like closing cost assistance if you do. However, it’s still wise to compare rates and terms from other lenders to ensure you’re getting the best deal.
How Syan Real Estate Can Help: We can connect you with reputable lenders for competitive mortgage options.
Researching a builder’s reputation is essential. Look at:
How Syan Real Estate Can Help: We help vet builders, ensuring you work with those who deliver quality homes and excellent service.
Yes. While new homes must pass local building codes, an independent inspection can identify overlooked issues such as plumbing leaks, electrical miswiring, or improper installations. A phased inspection (pre-drywall and final inspection) is ideal.
How Syan Real Estate Can Help: We recommend trusted inspectors to ensure your home meets high standards.
Delays can occur due to material shortages, weather, or labor constraints. Most builder contracts include estimated completion dates but allow for flexibility. If delays push your move-in date beyond your mortgage rate lock, you may need to renegotiate with your lender.
How Syan Real Estate Can Help: We help you understand contract terms and plan for potential delays.
It depends on the stage of construction. Early in the process, you may be able to adjust floorplans or select different finishes. However, once framing, electrical, and plumbing are installed, changes can be costly or impossible.
Builders usually require a deposit to reserve a lot, which may be refundable or non-refundable depending on the contract. Some developments have waiting lists, while others sell on a first-come, first-served basis.
How Syan Real Estate Can Help: We help you navigate lot selection and reservation policies.
Many lenders offer extended rate locks (6-12 months) for new construction, though they may require an upfront fee. If rates drop before closing, some lenders offer a one-time float-down option.
How Syan Real Estate Can Help: We help compare lenders to find the best financing options.
Initially, taxes may be based on the land value, but once the home is completed and reassessed, your tax bill will reflect the full property value. This means your first tax bill may be lower than future ones.
How Syan Real Estate Can Help: We explain how tax assessments work so you can budget accordingly.
You’ll need to:
How Syan Real Estate Can Help: We assist in finding suitable land, vetting builders, and understanding the construction loan process.
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With access to current home builder incentives, buyer resources and the latest new construction subdivisions, we can help you find new homes in Albuquerque. There’s no pressure and no obligation.
Utilize AlbuquerqueBuilders.com as a valuable resource when consider buying a new construction home in Albuquerque. Also, take advantage of the knowledge and experience of Syan Real Estate. Just remember to contact us prior to visiting a home builder’s office.
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