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Just bought a house...now what?

Posted on 8/22/16 at 7:59 am
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/22/16 at 7:59 am
Just bought a home that is still currently under construction but the estimated completion date is 9/15. Anything I should be on the lookout for in the mean time or immediately after the move in?
Posted by Waffle House
NYC
Member since Aug 2008
3945 posts
Posted on 8/22/16 at 8:05 am to
quote:

currently under construction

quote:

Anything I should be on the lookout for

Change Orders.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/22/16 at 8:09 am to
I signed a new construction addendum that states any changes must be agreed to before hand. I'll be on the look out for anything that the builder may try and change.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37105 posts
Posted on 8/22/16 at 8:48 am to
When you get closer to closing, the builder will walk through the house with you and test everything and show everything and a list of items to fix will be compiled (a punch list they call it). This is normal and you WILL find things that need to be done.

Consider hiring a housing inspector to bring with you. You would do this without question on an "used" home yet few people do this with a new home. They know what to look for and know where corners may have been cut.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/22/16 at 8:57 am to
quote:

When you get closer to closing, the builder will walk through the house with you and test everything and show everything and a list of items to fix will be compiled (a punch list they call it). This is normal and you WILL find things that need to be done.


My agent did fill me in on this process. She also said that they will do a 30, 60, and 90 to fix stuff that we find once we've lived in the home.

quote:

Consider hiring a housing inspector to bring with you. You would do this without question on an "used" home yet few people do this with a new home. They know what to look for and know where corners may have been cut.


That's one of the things I've been on the fence about. I wasn't sure if an inspector was needed with it being a new house. My dad is a retired electrician and my FIL is still working construction so I was going to have them go through it instead of paying an inspector.
This post was edited on 8/22/16 at 8:58 am
Posted by LNCHBOX
70448
Member since Jun 2009
84116 posts
Posted on 8/22/16 at 9:18 am to
quote:

That's one of the things I've been on the fence about. I wasn't sure if an inspector was needed with it being a new house. My dad is a retired electrician and my FIL is still working construction so I was going to have them go through it instead of paying an inspector.



It shouldn't cost more than $500 to get a good inspector. That's worth it to me.
Posted by slaphappy
Kansas City
Member since Nov 2005
2340 posts
Posted on 8/22/16 at 9:20 am to
Buy flood insurance.
Posted by KillTheGophers
Member since Jan 2016
6217 posts
Posted on 8/22/16 at 9:53 am to
AIA G702 and 703 - reveiw them with financing bank if possible - ensure no liens in work.

If in a neighborhood, ensure that all plans and specs have been approved by building committee of HOA.

get ready to drop some cash on landscaping - if not already a sprinkler system in place, get that before dropping coin on sod, plants, etc.

Make sure the Fire Marshall has given then final green light.

Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 8/22/16 at 11:10 am to
quote:

If in a neighborhood, ensure that all plans and specs have been approved by building committee of HOA.

Oh so important. Don't assume that the builder followed the rules. I'm currently watching a homeowner in my neighborhood rip up a driveway after just 3 months b/c the contractor exceeded the mandatory side set back. Contractor is long gone, and homeowner's on the hook for the redo.

+1 on the landscaping as well, if it's not included in your purchase agreement.
Posted by Chad504boy
4 posts
Member since Feb 2005
166275 posts
Posted on 8/22/16 at 11:18 am to
DSLD?
Posted by SG_Geaux
Beautiful St George
Member since Aug 2004
77977 posts
Posted on 8/22/16 at 11:25 am to
quote:

I wasn't sure if an inspector was needed with it being a new house.


You are making one of the largest purchases you will ever make in your life. Spend the $300-$500 and get an inspection.
Posted by HamCandy
Team Meat
Member since Dec 2008
890 posts
Posted on 8/22/16 at 11:40 am to
I'm in a dsld home now they were awesome about punch out, now I can't say that the overall quality of the home is high, but they came back 4 or 5 times and fixed mica. items.

Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/22/16 at 1:11 pm to
No. Alvarez Construction
Posted by CurDog
Member since Jan 2007
28082 posts
Posted on 8/22/16 at 1:16 pm to
if in BR buy flood insurance
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/22/16 at 5:25 pm to
You're right. Gonna go ahead and get the inspection done. $500 is worth the peace of mind.
Posted by notsince98
KC, MO
Member since Oct 2012
17995 posts
Posted on 8/23/16 at 7:16 am to
as far as the inspection, most builders warranty a new house for at least 1 year. I skipped an inspection on my new build because I knew I'd spend lots of time checking things out over the next year on my own.

The biggest risks/issues are still going to be hidden in the walls and below slab where an inspector isn't going to help.
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