If you can wait for construction, you can buy a lovely new home
in Northern Virginia within 25 miles of the airport and Washington,
D.C. Also, since many residents of Northern Virginia do not commute
to Washington, D.C. for employment, opportunities abound in the
beautiful Northern Virginia countryside away from the traffic
and combustion. Real estate in Ashburn in Loudoun County offer
a home for every taste and the communities offer every imaginable
amenity. Golf course communities, active adult communities in
Loudoun, Prince William, Stafford Counties are in the financial
reach of most home buyers. Fairfax County is priced higher due
to the proximity to D.C.
Our experienced new homes agents know where the homes are located
and we communicate with builders regularly about lots available
or coming available.
Beginning about 2000, due to land costs, materials costs and
local impact fees, prices have spiked for new homes in Virginia.
Our job is to help you find the best buy with a builder who offers
the type home you desire in your price range.
NEW HOMES IN VIRGINIA READY TO MOVE IN
Although almost all new homes in Northern Virginia are "to-be-built",
occasionally, a home will come back on the market because of a
buyer transfer or other reasons. That's good news for home buyers
who are not able to wait the six to twelve month that it usually
takes to build a home in Virginia. We visit builders regularly
to keep an inventory of homes already under construction.
ARE HOMES ALWAYS AVAILABLE??
We wish we could say "Yes". However, many builders,
due to unprecedented demand for homes have waiting lists for their
homes to be built. If you do buy a new home, you get the price
at contract time. The good news is that the home will probably
appreciate significantly during the build-out time.
THE MARYLAND NEW HOME BUYING PROCESS
STEP 1.
TOURING BUILDERS MODELS. The first step in buying a new
home is touring all Virginia new home builders in your area of
choice and price range. That way, you can compare builders, lots,
commuting alternatives, floor plans, model homes if available.
STEP 2.
SELECTING THE LOT. Select your lot. If the builder you
select to build your home have several lots available, consider
the pluses and minuses of each lot. The features most new home
buyers seek are: wooded, cul-de-sac, room in back for gym set,
low traffic, and often buyers look for a particular exposure,
north or south, for example.
STEP 3.
SELECTING THE FLOOR PLAN. Select your floor plan and we'll
help make sure that the floor plan you love can be built on the
lot you selected. Many builders are smart and modify their floor
plans based on consumer surveys. Large builders have architects
on staff to design, modify and improve design features regularly.
Small builders, on the other hand may be more flexible when requests
to customize features are made to accommodate a buyers special
needs.
STEP 4.
HOLD THAT LOT!! Many home buyers are reluctant to have
a builder hold a lot for them for a day or two. Sometimes this
can make the difference in whether or not you get the lot you
want. Keep in mind that when sales are good, builders will be
reluctant to take lots off market with a lot hold. But, if we
suggest that procedure and the builder is willing, it may reserve
that special lot for you for a day or two. The builder will require
a check in the amount of $100 to $1,000 to hold a lot. However,
THE CHECK WILL NOT BE DEPOSITED.
Builders cannot deposit a check without a contract. You risk nothing
with a lot hold. When there are more buyers than lots available,
builders will not take lot holds.
STEP 4.
WRITE A CONTRACT. Our experienced Homefinders.com agent
will be with you when you sit down with the builder to write the
contract to build your new home. We'll be able to explain any
details about the contract that you might not understand.
STEP 5.
GETTING FINANCING APPROVED. Once your contract is signed
by the builder, the builder will require that you contact the
lender as quickly as possible to pre-qualify you for financing.
Once the lender has approved your credit and income to debt ratios,
the builder will be notified.
STEP 6.
SELECTION OPTIONS AND UPGRADES. Once your contract is signed
by the builder, financing is approved, it's time to select your
preferred colors and other options. Some builders have these options
right on site in the builder's model. Others have a central location
where options can be selected. Major builders have "design
centers" where you will be able to select flooring, counter
tops, colors, etc. with the help of a design consultant.
STEP 7.
BUILDING PERMITS. The builder will apply to the county
in which your home will be constructed for a building permit.
At that time, they'll also apply for permits for well, septic
systems, etc. if your newly constructed home isn't served by public
water and sewage disposal. These permits take approximately 1
to 3 months depending on the county in which your new home will
be built.
STEP 8.
CONSTRUCTION. Once the building permit is received by the
builder, they'll begin construction of your home. The construction
process takes from 4 to 8 months for the average sized home in
Virginia. That would be a home of 1,500 to 2,500 square feet.
Expect a build out time of 6-12 months for homes in the 2,500
to 3,500 square feet. Of course, the estate homes in the over
3,500 square feet size will take longer, generally up to 18 months.
STEP 9.
INSPECTIONS. There will be county inspections of the house
throughout the construction process. The builder will want you
to attend the "pre-construction meeting" to go over
the floor plan, electrical and plumbing locations, floor plan
and exterior plans. This is the meeting with the construction
manager to make sure they know what to build for you. If there
are any options or customized features included in your plan,
that will be verified.
PRE-DRYWALL INSPECTION. You should
have a pre-drywall inspection to verify the location of all electrical
features, outlets, telephone, kitchen, lighting, etc. You'll also
verify the plumbing, heating and cooling features. Windows, doors,
wall location, everything that can be seen before the drywall
is installed will be verified at this stage in the construction.
PRE-SETTLEMENT WALK THROUGH AND DEMONSTRATION.
This is the final opportunity to view the home before taking
title. The builder will walk you through the house and demonstrate
how all of the appliances, plumbing, electrical, heating and cooling
operate. This is also your opportunity to discover any defects.
Defects will be covered by your builder's warranty. The builder
will make every attempt to correct any defects prior to settlement
but they may have to return after settlement to complete some
repairs.
SETTLEMENT. Once your new home
is completed, you'll be scheduled to meet with the builder and
the title company that will collect your money and transfer title
from the builder to you. This is when you get the keys to your
new home.
CONTRATULATIONS ! ! ! YOU JUST BOUGHT A NEW
HOME IN VIRGINIA.