The Do’s and Don’ts of Purchasing a New Construction Home in Biloxi

Purchasing a new construction home in Biloxi can be a daunting task. Read on to learn about the do’s and don’ts of purchasing a new construction home and how to save thousands of dollars in the long run.

If you’re planning to buy a new construction home in Biloxi, Mississippi, there are certain do’s and don’ts that you should be aware of. In this comprehensive guide, Bryan David, the broker-owner of Expect Realty, shares his insights and experience to help you make a smart investment decision.

1. Find a Reliable Real Estate Agent

The first and foremost thing to keep in mind when purchasing a new construction home is to find a great real estate agent. Look for someone with a lot of new construction experience who can represent you in the transaction. The sales reps for the builders or the builders themselves are knowledgeable about their product, but they represent the best interests of the builders. You need someone in your corner who represents you and is knowledgeable about different neighborhoods and builders.

2. Check Online Reviews and Research Local Businesses

Before you make a purchase, it’s important to do your research. Check online reviews for different builders and use the comments to formulate a list of questions from previous buyers’ concerns or complaints. Whether it’s a big build like DR Horton or a smaller builder like Elliott Homes, just keep in mind that all builders are not created equal, so check them out thoroughly. Also, research local businesses that are nearby shopping centers and entertainment to ensure they meet your needs.

3. Look for Hazards in the Area and Builder Warranties

Check for hazards in the area, such as flood hazards, high tension power lines, or industrial complexes that may be nearby. A good way to do that is to get on a Google map, put it on satellite view, and zoom in. Also, research builder warranties. In Mississippi, builders are required by law to offer at least a six-year home warranty, but some offer longer warranties, such as seven or ten years, or even a “bumper to bumper” warranty for the first year. DSLD Homes is just one example of a builder whose warranty goes beyond what is required.

4. Get a Home Inspection and Shop Around for Lenders

Many buyers don’t think they need a home inspection for a new home, but contractors are human, and they make mistakes. All it takes is for one person to show up to work with the flu and make a small mistake that could be costly to you in the long run. In Mississippi, home inspectors who inspect new construction homes must have a special certification called a new build certification. It’s designated by two letters at the end of their license number. Also, shop around for lenders. Many builders have their own in-house financing or preferred lenders who offer incentives such as increased seller contributions, buying down your interest rate, or accelerating the loan process.

5. Don’t Rush Into a Purchase

Finally, don’t rush into a purchase. Make sure you research everything thoroughly. New homes can have the same effect as a new car, and you may feel like you have to have it. Walk into that model home with a professional and do your due diligence before making a decision.

In conclusion, purchasing a new construction home in Biloxi, Mississippi can be a smart investment decision if you take the time to do your research and follow the do’s and don’ts outlined in this guide. It’s important to find a reliable real estate agent who can represent you in the transaction and to check online reviews and research local businesses before making a purchase. Additionally, it’s crucial to look for hazards in the area, such as flood hazards, and to research builder warranties. Getting a home inspection and shopping around for lenders can also save you money in the long run. Finally, it’s essential not to rush into a purchase and to do your due diligence before making a decision. By following these guidelines, you can make an informed decision and ensure that your new construction home in Biloxi is a wise investment.

If you’re looking to buy a new construction home in Biloxi, Gulfport, or Ocean Springs Mississippi, Expect Realty is here to help you find your dream home. With our specialized expertise in the local real estate market, we can guide you through the home buying process with ease. Don’t hesitate to give us a call at (228) 215-1861 or visit our website to browse our available listings. Let us help you make your Biloxi home ownership dreams a reality!

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