- Thread Starter
- #3
The house will be finished (It's brand spanken' new) March 17th, hopefully. I will be having a lawyer look over all contracts, etc. My cousin builds houses for a living, I'm going to have him take a look at the house before and after it is finished to get an unbiased opinion.
JimJ
5,000+ posts
Tangled Up in Blue
If it's new and not a custom project, your life is made a lot easier as there won't be a lot of the fun stuff to deal with //content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif
CaRBoNeTTe
10+ year member
lollipop
I just bought a house in Dec and it was 10 times easier than I imagined. Sounds like you're doing everything right anyway... I'm not sure if anything I say is relevant to you because I'm in oz...
But getting an architect to come and inspect the property beforehand to make sure that it's safe and sound (usually includes pest damage too & is guarenteed for 5 years) which here costs $500 give or take, is definately worth it.
Make sure the fenceline is correct, because the last thing you want is a dispute with ur neighbours over land.
I can't say I've come across any nasty surprises though... My only advice would be to shop around for a mortgage (no matter what the interest rate, you CAN bargain a cheaper rate)
Good luck.
But getting an architect to come and inspect the property beforehand to make sure that it's safe and sound (usually includes pest damage too & is guarenteed for 5 years) which here costs $500 give or take, is definately worth it.
Make sure the fenceline is correct, because the last thing you want is a dispute with ur neighbours over land.
I can't say I've come across any nasty surprises though... My only advice would be to shop around for a mortgage (no matter what the interest rate, you CAN bargain a cheaper rate)
Good luck.
sounds like you have everything worked out... but if for some reason, things don't work out, my buddy works for Baird and Warner. he can hook it up, and he obviously wouldn't be cheating you. send me a PM if you're interested.
bigbangtheory
5,000+ posts
CarAudio.com Veteran
Kinda confused here. You said you stumbled upon a nice starter home, but yet your next post says that your building a new house?? When I think starter home I think something cheap and older, not something brand new, lol!
Anyway, Congrulations on the new investment. I am sure you will be happy with whatever you decided to do. Buying or building a house is an exciting time in your life. I bought the house I grew up in and have a 20 year mortgage on it, but it should be well worth it. Hell parents bought the house 25 years ago for 20,000 bucks. We had it appraised about 7 years ago for 90,000. I bought it 2 years ago for a little under 60,000. Due to it being my parents house. I am in the process of trying to sell it for over 100,000 to see if I can get any bitters. If not I will keep it. Just me myslef and my dog, zoe. I kinda wish I didnt put it in the market it though. But the girl I was with wanted a bigger house. Too bad she dumped me on the day we where supposed to look at this beautiful 1700sqft house. Oh well shit happens lol!
Have fun with it and get some pics of it sometime. Peace!//content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif
Ignatowski
5,000+ posts
CarAudio.com Veteran
dont get a mortage from anyone other than a bank or a direct lender
NEVER get a mortage from a broker....
ALways get the house inspected by a professional,it may surprise you as to
what they find wrong with the home.....
Never buy a home unless you can flip it in a few years and make a profit if you had to.
LOCATION LOCATION LOCATION
NEVER get a mortage from a broker....
ALways get the house inspected by a professional,it may surprise you as to
what they find wrong with the home.....
Never buy a home unless you can flip it in a few years and make a profit if you had to.
LOCATION LOCATION LOCATION
oxsign
5,000+ posts
No Affiliation
We had an "outside" inspector" come by and go over the house before we signed anything. The builders wern't happy about it, but they got over it. There were a few things that needed to be "fixed" after he did the walk through. It was $250 well spent, 'cause the work that needed to be done was about $2500 worth. //content.invisioncic.com/y282845/emoticons/cool.gif.3bcaf8f141236c00f8044d07150e34f7.gif
Ignatowski
5,000+ posts
CarAudio.com Veteran
Florida builders are notorious hack's
be carfull
.02
dam housing is cheap where you live. around here a neighborhood house thats like1500 sq ft with a tiny *** yard goes for 350 plus.
WRONG! We just had a house built and will never do it again. We will buy 5-7 year old home or newly remodeled ones from now on if we have to buy again. Our biggest ***** about brand new homes is with the amount of money you spend on them you expect everything to be completed entirely and to your satisfaction before closing. Well think again. In non-custom community developments, having the home to 100% satisfaction isn't a requiremnt for closing according to the purchase agreements they make you sign. They have to have it liveable and pass all county codes of course, so this brings you to 97% completed. However for the other 3% you do a walk through right before closing and they make a "punchlist" of what they promise to finish/fix/touchup afterwards. Problem is getting them to complete everything on this **** punchlist now, when their main priority is to complete more homes to 97% and close on them.I have a closet where the OnQ panel and outlets(lan,power) were put in the wrong locations and have yet to rectify it. We have been in the hom for nearly 2 months now.
I had much less of a problem purchasing older homes in the past, because your expactations aren't the same. When I spend good money on a car, they don't make me buy one that has non-working power windows and promise to fix it whenever they **** well feel like it after the sale, so why is this allowed with homes is beyond me. Sure, we could have refused to pay, but then they can charge us $150/day for every day we delayed the closing by and eventually keep our 10% deposit and sell to someone else. I had Lwayers too. The problem is that ALL community developers are using similiar purchase agreements, so you just have to accept it if you want a new build. With custom it is obviously different. You buy land and hire the builders independently. They get away with this because the market allows it right now. No one says NO(including me and my wife). If we didn't put the deposit down for the lot and home, then 10 other couples were right behind us to say yes, so they have no need to bend to a customers will. It is still a sellers market out there. Especially here in the Tampa area. Also you will have to deal with any issues that arise from settling. Most common and not that big of a deal is spackiling various sizes of cracks that will show up in the drywall for the forst 2 years. Buying new and buying older bopth have their pros and cons, it's just your expectations are/should be soo much higher when buying brand new.
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