Buyer’s Tip 3: Understand the Types of New Home Builders
Understanding the Types of New Home Builders and Products.
All builders are not created equal, and it’s very important to know which ones best meet your specific needs. This is where your experienced new home-focused agent can help save you a lot of time, energy, and money. Every builder has a niche or brand focus. Your budget, style/personality, and life stage can all come into play. Are you a first-time buyer on a tight budget? Looking for an ideal move-up home with more space? Ready for an active-adult lifestyle? No matter what, there’s a builder and product that’s right for you!
What builder product line best fits your style and budget?
Entry-level or first-time buyers
Some first-time buyers already paying high rents may jump right into a spacious home with lots of upgrades and room for growth. But others may prefer a smooth transition into a more affordable price range – maybe even a condo or townhome. Several area builders specialize in “value engineering” to help first-time buyers on tight budgets get the most bang for their buck.
Need a bigger, better home?
Are you an experienced homeowner ready for a bigger, better home? Today’s market is filled with builders competing in this category. You’ll have a lot of choices, and your buyer agent will play a critical role in matching you with the right builder “personality.” Your agent should know best-selling neighborhoods and which builders are open to negotiation on price, upgrades, loan rates, and more. All of this will help you narrow down your options in order to find the best builder for you.
Types of “niche” products
Want an “active-adult” or age-restricted neighborhood filled with amenities? Many builders/ developers are targeting baby boomers with a variety of choices. Or you might prefer the classic hometown charm of a TND (traditional neighborhood development) that promotes a pedestrian-friendly lifestyle. Make sure your agent understands the design process for area builders.
Ready to get started building your dream home? Here at 9Yards, we can help you understand the types of new home builders, and find you the perfect builder that meets all of your needs. Get in touch and let’s begin this new-home journey!