Which Home Builder has a better value?

When you are looking to purchase a brand new home, the largest purchase that you probably will ever make, of course you are looking for a good value. A lot of people think that they want the least expensive home in the area, but is this really what you want?

Of course you want a good price for you new home. But maybe what you really want is a great value for the features that you are looking for in you home and homesite (lot).

Maybe there are 3 different home builders that are all selling homes in the same location that you are considering to live in, and you just look at the one that has the “cheapest” price. You may not be getting the best value for what you are looking for.

Lets assume that all 3 builders have homes that are very similar in size. Builder “A,” has a base price of $300,000 for the homes that they are selling. Builder “B,” has a base price of $303,490, and Builder “C,” has a base price of $305,990. 

If you are looking only at the price of the new home, you may not even visit Builders “B” and “C”. Builder “B” may be including a fireplace and hardwood floors. Builder “C” may be including a garage at their base price.

Maybe you are looking to get a fireplace in your home. If you choose to go with the home builder who has the lowest base price, you may in fact be paying a higher price, once you add the cost of the fireplace to the base price of the home.

If you didn’t care about a garage for your car, but really need extra storage space, for example, Builder “C,” that includes the garage may cost less than paying for an attic with stairs or adding an extra room that you would use as storage.

Sometimes the location of your new home is more important than the sqaure footage of the home.. Maybe you entertain often, and need a home that has a lot of off street parking for your guests. Or maybe you like gardening and need a nice side or rear yard to plant flowers etc. Sometimes this home may cost a little more, than another home, but mat be a better value to you.

When buying a new home, value and cost may not always go hand in hand. It really depends on what is important to you and to your lifestyle. Before choosing not to visit one builder due to their higher base price, think about what you really need in your home. Why not see what they are offering in their homes? You may be surprised to find out that their homes may be the bet value for you!

Don’t “write”(on a new home), until you “site.”

An old saying in the new home industry business was, “You site, you write.”

Sometimes a buyer was very interested in a specific home, was comfortable with what the monthly mortgage payment would be, and had the amount of money necessary for the down payment on the home.

For some reason they were still unsure if they wanted the home.

Going out on the site, also known as the “lot” or” homesite,” was when a lot of potential buyers became actual buyers.

Here, they were able to envision such things as how large their back yard would be for entertaining or for pets, how big their deck or patio could be, and how many cars would fit in their driveway.

They also could get an idea of whether the current grading of their yard would change during final grading. Just because a home site may currently have trees on it, doesn’t mean that any or all of these trees will remain there. They may need to be removed before construction of the home. Even though it may not look like the trees will be in the way to build the home, the builder will know if they need to be removed. If there aren’t any trees on the site, there may be a final landscape plan which shows where trees will be planted, once the community is complete.

A lot may appear very flat, without any hills or steepness in the land.  Or it may have some sloping, where there is an incline or decline on the land.This can also change drastically during the final grading of the lot.

There may be a road, or a future community, or storm water management facility that may be built in front or in back of your home in the future.

When you decide to purchase (write or sign a purchase agreement / contract) on a brand new home, it is very important that you know all of these things.

The sales representative or building supervisor can show you the final site and grading plan, and landscaping plan. They can explain to you, if and how the site and community will change.