Buying a new construction home is a unique experience. Even if you've bought a pre-built Sandstone home in the past, you may be surprised by the overall process of building a new construction home because it's so different. Before you get started with buying a new construction home, here's what you need to know about the building and overall experience.
Know Your Goals
Before home buyers can get started with the home building process, they must first know their goals for their new home. Usually, this involves sitting down with a spouse or other members of the household to decide what they're looking for in a house. Home buyers should have questions such as:
- Will we be having children (or more children) in the years to come?
- Do we want to
Buying a vacation home can be very different from buying a primary residence. Most important to understand is that obtaining a mortgage for a vacation home can be more difficult than obtaining a mortgage for a primary residence. In addition, homeowners who sell their vacation home must pay capital gains taxes. Here's what you need to know about vacation home mortgages and taxes.