According to the Salt Lake Tribune, Utah’s housing market is finally on the rise for the first time in five years
http://www.sltrib.com/sltrib/money/54565940-79/percent-lake-salt-county.html.csp! With interest rates being at record lows, now is a great time to consider building your dream home. However, there is a lot to consider before deciding to build. Jen Mascaro, branch broker of Keller Williams South Valley Realty-Parkway and the Who Moves You Team, explains what to look for when building a new home.
“When choosing a land lot, it is important find out if city or community water and sewer connections, electricity and phone services are available. If sewer hookups are not available, make your offer to buy land contingent on the ability to install a septic system rated for the number of bedrooms you require,” says Mascaro. “Also, find out if other contingencies are advisable before purchasing the land.”
Mascaro also recommends checking the property's deed restrictions to make sure the type of residence you plan to build is allowed. If the lot is in a development, ask for a copy of the restrictive covenants. If there are environmental hazards on the land, such as buried oil or gas tanks, determine whether or not you are willing to remove them. If not, ask the seller to take care of removal and cleanup.
“When choosing a builder, I advise clients to check with their local better business bureau to find out if any complaints have been filed against that builder and if those complaints have been resolved,” says Mascaro. “It is also wise to visit the neighborhood where you are considering building to speak to neighbors to find out about their experiences with the builder.”
According to Mascaro, warranty information is also crucial. Research what type of warranty the builder offers and request a list of basic items that are included with the home. Finally, hire a buyer's agent who works with homebuilders who can help you negotiate.
For more information on new construction, visit
http://www.whomovesyouteam.com.
