Loomis Connect

New-Home Buyers May Want to Consider ‘Phase Inspections’

New-Home Buyers May Want to Consider ‘Phase Inspections’

by | Jun 10, 2024

When venturing into the exciting world of homeownership, the allure of a newly constructed home can be particularly strong. The promise of being the first to live in a pristine space, free from the quirks and repairs often found in older houses, is enticing. Yet, amidst the excitement, it’s crucial for new-home buyers to remember one fundamental step: a home inspection. While it might seem counterintuitive to subject a brand-new house to scrutiny, the reality is that new constructions can hold their own set of hidden surprises. From improper weather detailing around doors to blocked vents that could lead to mold, the range of potential issues underscores the necessity of a thorough inspection before moving in.

Negotiating a “final inspection” contingency with the builder or seller allows buyers the opportunity to identify and address any defects or unfinished work before the closing table. This is more than just a safety measure; it’s a way to ensure that the dream home doesn’t turn into a nightmare of ongoing construction issues. Professional inspectors play a critical role in this process, armed with the expertise to spot everything from poorly graded land that could lead to flooding, to more subtle issues like building code violations. By inspecting at various phases of construction—not just upon completion—buyers can mitigate risks and head off problems before they escalate.

Discovering defects during the final inspection stages of buying a new home can be disheartening, but it doesn’t have to derail the purchase. Buyers faced with this scenario have several strategies at their disposal. One option is to delay the closing, giving the builder time to make the necessary corrections. Alternatively, arrangements can be made for funds to be reserved from the purchase price for repairs, ensuring that the work is completed satisfactorily. In instances where defects are discovered after moving in, the builder’s warranty can provide a much-needed safety net, covering the costs of addressing any issues that arise.

Each of these strategies—from delaying closing to leveraging warranties—offers a pathway toward a resolution, emphasizing the critical nature of inspections for new homes. Moreover, for those navigating the complexities of buying, inspecting, and resolving defects in a new construction, resources like Nolo’s guides offer comprehensive advice and assistance. Ultimately, even though the idea of inspecting a new build might seem superfluous to some, it’s an invaluable step toward ensuring that your new home is as flawless in reality as it is in your dreams.

So, if you’re setting your sights on a newly minted abode, remember the importance of a thorough inspection. It’s not just about finding a beautiful new place to live; it’s about making sure it’s safe, sound, and built to last. Embrace the process, armed with the knowledge that even the newest of homes can benefit from a careful, expert review.

Source: nolo.com
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