New home builders in Colorado build with you in mind.
Colorado residents, or those moving into the state from other areas of the country, have a lot to choose from when searching for “new homes near me.” They may already have an idea of the type of neighborhood they want to move into. Or they may have been told by friends which areas to look at. Either way, it’s hard to grasp all the possibilities online. The best way to find new homes is to get out and start looking.
New Construction Homes Top the List
Once you get in the car, it won’t take long to discover that new construction homes are everywhere. New home builders in Colorado are quite familiar with what today’s homebuyers are looking for. Master-planned communities abound, filled with amenities like swimming pools, walking trails, neighborhood parks, playgrounds, and community centers. There’s usually a gym or workout facility of some sort. And if you’re really lucky, you’ll even find communities with schools located on-site, a feature that makes getting little ones to school in the morning much easier.
When talking with people who are looking to buy, it often comes out that they’ve eliminated new homes because of common misconceptions about new construction homes and the custom home-building process. Oakwood Homes, a local housing developer, wants to debunk some of these myths.
Separating Fact from Fiction
Here are a few of the most common myths people have about purchasing a home from a Colorado home builder like Oakwood Homes.
Myth: Only wealthy people can afford to build their own homes.
Fact: New builds in Colorado are available in a range of prices, making them affordable for nearly everyone. The cost of a home depends on many factors such as the size, style, features, materials, and desired add-ons. The right builder will guide you through the process, helping you choose a home that fits within your budget.
Myth: I’ve heard from friends that working with a builder is a nightmare.
Fact: Many new home builders in Colorado know this perception is out there. That’s why they’ve put processes and people in place to make the home buying experience as easy and stress-free as possible. Well-established, reputable builders know that if their clients aren’t happy, they won’t be in business long.
Oakwood Homes has the entire buying process mapped out from start to finish, so clients know what to expect at each stage of the build process. Our design team is with you every step of the way, answering questions and making suggestions to ensure that your home turns out exactly the way you expect. Our goal is to take the stress out of buying a new home.
Myth: Building a new home takes too long.
Fact: Building a new home from the ground up does take considerably longer than buying an existing home. Many homeowners feel the wait is worth it when they see their dream home come to life.
Some people don’t know that you can own a new home without the wait that comes with building it yourself. Colorado home builders keep an inventory of move-in-ready homes. These are houses that are already complete or nearly so. They may be used as show homes, or they may just be waiting for someone like you to come along. Purchasing a spec home cuts the move-in timeline significantly.
Myth: I can’t use a real estate agent if I buy directly from the builder.
Fact: This isn’t true. No one should walk into a real estate deal without the help of a professional real estate agent unless they really know what they’re doing. When working with a builder, you’ll still want to negotiate the price of the lot, the contract terms, and the features and other details of the home. A real estate agent can be invaluable in this process. If you have one you’re comfortable working with, invite them to come with you when you start looking at new construction homes.
Myth: New homes are much harder to finance than existing homes.
Fact: Banks are not allowed to discriminate in their lending practices. This means it’s no harder to get a loan for a new home than for an existing home. Banks and other lending institutions have guidelines they must follow when determining who to make loans to. If you meet the bank’s criteria, they’ll be pleased to loan you the money. If you’re building from scratch, though, you may need to start with a construction loan. When your new home is complete, the loan will be converted into a traditional mortgage.
If you’re buying a quick-move-in home and are concerned about making the down payment, ask your lending officer about specialty loan options that don’t require a 20 percent down payment. Most lenders offer loan products like these to help people purchase homes.
Myth: I can’t have a new house inspected.
Fact: An inspection should always be part of the home-buying process. This applies to new builds in Colorado as well as existing homes. While the builder will have someone do a walk-through before you take possession, you can always hire your own inspector to do the same. A reputable home builder won’t be threatened by this. They know they have nothing to hide.
One thing to keep in mind: because the house is brand-new, there should be very little an inspector finds that’s not up to par. Remember that new homes and everything in them are under warranties, making correction of any issues quick and easy.
Ready to Search for “New Home Builders Near Me”?
Now that you know a little more about what’s true and what’s not when buying new homes from a Colorado home builder, you’re ready to get started! Check out the many Oakwood Homes properties in the area. Or give us a call to learn more about our home-buying process. We’ll be happy to answer your questions and debunk any other myths you may have heard!