How to Avoid Disaster When Buying New Construction in Miami

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 Today, we want to discuss some of the crucial mistakes people make when buying a new home and how you can avoid them! Here are some of the pitfalls buyers fall victim to:

1. Buying into half-finished developments: Many housing developments are only half-built. Keep a healthy dose of skepticism about these scenarios. It may be that you are buying into a development or community that will never be completed or that will take a very long time to finish. Worst case scenario, you'll be stuck with an unsellable house in an unfinished community.
2. Being fooled by the picture-perfect model home: Model homes are always decorated and dressed to look magnificent. Developers and designers use many techniques to make the model home appear bigger than it actually is.
3. Failing to get a completion clause: When will the home be finished? When purchasing a new construction home, you are at the mercy of the builder's timelines. When is the home scheduled to be completed? Does it match your needs? Make sure you get a cancellation clause or a refund-of-deposit clause if the builder fails to complete the home by the agreed upon date.
4. Waiving your inspection: Just because you're buying a brand new home, it's not wise to bypass the inspection process just to save a few hundred dollars. In fact, it's crucial to get expert eyes on the home as it is being built.

If you have any questions about buying a new home, or if you would like real estate assistance of any kind, give us a call or shoot us an email. We would love to help make your real estate dreams a reality!