Reworking Real Estate.
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new home buyer's checklist.
  • to preclude a developer from using buyers’ funds to finance a project still under construction, the purchase contract should provide deposits to be held in a trust fund.
  • investigate integrity and financial stability of the builder. how long has he/she been in the business? does he/she have ample capital to complete the project if it is still under construction? check with your banker or Better Business Bureau. the best protection is a bond guaranteeing completion of construction.
  • is the builder a member of the local home builder’s association? if there is a home owner’s warranty available in your area, is your builder participating in this program?
  • if at all possible, look at other homes or check out other subdivisions constructed by your builder. talk to owners about quality of construction, complaints, and promptness in correcting defects.
  • obtain comprehensive listing of items, which are standard and which are optional.
  • when ordering extras, obtain written work orders with price quotations signed by a responsible person. remember, extras are less expensive if installed during construction rather than after completion.
  • are the appliances, carpets, draperies, etc. identical to those shown in the model unit?
  • check the expiration dates of manufacturers’ warranties covering the appliances and equipment. the equipment may have been in the builder’s storeroom for some time, cutting down on the warranty period.
  • check on the completion date of your unit. does the contract provide for delay penalties to the builder or developer?
  • inspect the unit prior to closing. have a written report prepared, signed by you and the builder or developer, stipulating what work, if any, is still to be performed and within how many days.
  • if there are still problems after you move in, put all complaints to the builder in writing. if he fails to respond in a satisfactory manner, subsequent letters should note that a record of the complaint is being sent to the local building inspector, consumer agencies, and the home owner’s warranty corporation.
so what's next?
  • click here to tell us what you're looking for in your next home.
  • call us direct - 780.669.1554
  • or return to the buyers page
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"Ryan McCann is an exceptional Realtor. This is the third property I have purchased in my life and Ryan made this experience the best by far. Ryan's knowledge of the area I bought in and his candor were greatly appreciated."joel white
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