Purchasing a new construction home in Ocala, Florida is exciting, but it’s essential to protect yourself throughout the process. In this blog post, Ocala real estate expert Scott Coldwell shares crucial steps to safeguard your investment when buying a new build home.
Key Takeaways
- Professional representation is crucial for protecting your interests during new construction
- Multiple inspections throughout the building process help ensure quality construction
- Proper contract review and understanding of warranties provides long-term protection
- Expert guidance is available at no cost since builders typically pay agent fees
The Importance of Professional Representation
When buying a new construction home, having experienced professionals on your side is crucial. While builders have their own sales agents, remember that they represent the builder’s interests, not yours.
“I’ve seen too many buyers attempt to navigate new construction purchases alone, only to miss important opportunities for protection and negotiation,” says Scott Coldwell. “Having an experienced agent and legal counsel review your contracts can prevent costly mistakes and ensure your interests are protected throughout the entire process.”
Essential Due Diligence Steps
Before signing any contracts, take these important steps:
- Research the builder’s reputation and track record
- Review previous projects and customer satisfaction
- Check for complaints with the Better Business Bureau
- Visit completed communities by the same builder
- Speak with homeowners in the builder’s other developments
- Verify the builder’s licenses and insurance
Protecting Your Financial Investment
Financial protection during new construction requires careful attention to:
- Securing your earnest money deposit through proper contract provisions
- Understanding the builder’s payment schedule
- Reviewing all upgrade costs and their impact on final price
- Negotiating builder closing cost contributions
- Maintaining detailed records of all transactions and communications
- Getting all changes and promises in writing
Inspection and Construction Oversight
Don’t skip inspections just because the home is new. Proper oversight should include:
- Foundation inspection before concrete pour
- Pre-drywall inspection of framing, electrical, and plumbing
- Final inspection before closing
- Documentation of all inspection findings
- Follow-up on necessary corrections
- Final walk-through verification
Understanding Warranties and Contracts
Carefully review all warranties and contracts, paying special attention to:
- Builder’s warranty coverage and duration
- Manufacturer warranties on materials and systems
- Construction specifications and standards
- Timeline commitments and delay provisions
- Post-closing repair procedures
- Dispute resolution processes
Why Choose Scott Coldwell for Your New Construction Purchase
When buying a new construction home in Ocala, Scott Coldwell’s expertise becomes invaluable. With over 19 years in real estate and more than 500 homes sold annually in North Central Florida, Scott and his team understand how to protect buyers throughout the new construction process.
Their expertise includes:
- Deep knowledge of local builders and their track records
- Experience negotiating builder contracts and upgrades
- Relationships with qualified inspectors and attorneys
- Understanding of construction processes and timelines
- Track record of successful new construction purchases
Best of all, when you work with Scott Coldwell on a new construction purchase, his services typically come at no cost to you – the builder pays his fee! This means you get expert protection and guidance throughout the process without additional expense.
The team’s impressive credentials include:
- Selling homes 48% faster than other local realtors
- Managing over 8,276 successful transactions
- Hundreds of verified 5-star reviews
- Multiple buyer guarantees including their exclusive “Love Your New Home or We’ll Buy it Back” guarantee
Protect Your Investment Today
Don’t risk your new construction investment by going it alone. Contact Scott Coldwell at 352-290-3512 to benefit from his team’s extensive experience and builder relationships. Their expertise ensures your interests are protected from contract to closing and beyond.
Frequently Asked Question
Most new construction homes come with a builder’s warranty that covers defects for a specific period after closing. Working with Scott Coldwell ensures you understand your warranty coverage and have proper documentation of any issues. His team can also help coordinate with the builder for necessary repairs and ensure they’re completed to satisfaction. This ongoing support is another valuable benefit of having expert representation throughout your new construction purchase.
