A common form of new construction are units in subdivisions. There is often a variety of designs to choose from plus many upgrades. The process for buying new construction requires more paperwork than other homes. The advice on new construction documents in Florida below will help.
Forms for Reserving Particular Lots
The ability to reserve a lot is not always offered. If you are only interested one specific lot, it is a good idea to ask about this. You ordinarily must give a deposit and are allowed a set time frame to decide whether to move forward. This will give you time to complete your due diligence and make a decision.
Upgrade Selection Forms
There are always a set of allowable upgrade. First, find out the applicable deadlines. After the cutoff point, you may not be able to make certain changes or it could cost you more to do so. Whenever edits (such as upgrades) are made to building specifications, make sure they are properly documented.
Unique Builder Addenda
Many home builders use custom contracts. Those that use standard paperwork will usually add a special addendum. In either case, there are special terms and conditions that you must understand in order to buy new construction. Real estate agents are forbidden from reviewing these for you (since it is considered practicing law). You should hire an attorney for that. In some cases, builders are not willing to change these terms.
Home Warranty Information
If a warranty is included with a new home, this will be outlined separately. The terms may be decided by the specific builder. Some provide top to bottom coverage while others have a limited list. Some alterations to your home can nullify the warranty. Additionally, set a reminder for the warranty deadline to avoid missing it.
Floor plans and building specifications are normally one of the first documents that you receive for review. Get a good understanding of what exactly is included, and more importantly, what is not part of the marketed price. Be aware that some floor plans might be generalizations rather than precise blueprints.
Advice On New Construction Documents In Florida
The process of buying a newly constructed property is certainly more complex than buying a resale. It is important to hire an agent familiar with new construction. Your agent will track the paperwork and monitor important deadlines. This advice on new construction documents in Florida is merely one of many aspects of buying real estate.