The Truth About Buying a New Construction Home in Raleigh NC

[@LivinginRaleighTV]

Thinking about moving to NC? Contact Us: bit.ly/LivinginRaleighTVQuestionnaire 📱Text or Call: 919-964-0474 📨Email: [e-mail] 🏠 Search Raleigh Homes: MortonBradbury.com

[@joelkirsch3473]

This channel has been a god send for my wife and I's search for information in trying to relocate to NC from MI.

[@LivinginRaleighTV]

Thank you and we are happy to hear! Let us know if we can help you find a house in NC

[@davidevans3175]

This and all your videos are the most helpful videos on moving to NC that I have found.

[@LivinginRaleighTV]

Thank you. Really appreciate it.

[@JalilAtlaschi]

Great Video once again Chris!

[@LivinginRaleighTV]

Thank you!

[@Noname-pq8sn]

These videos are SO GOOD

[@LivinginRaleighTV]

Thank you so much!

[@renatojesus4259]

Hi Chris! Great video! You are helping me a lot! Thanks for the tips!

[@LivinginRaleighTV]

Happy to help!

[@joelskii22]

These videos are spot on. Do you have any other home builders you recommend?

[@LivinginRaleighTV]

Thank you! Absolutely... send us an email to [e-mail] or fill out the questionnaire in the description and we’d be happy to help!

[@marksanders2921]

Stanley Martin is a great builder!

[@vondez10]

You have mentioned Terramor homes but no mention of Lennar. My wife and I purchased a new build with them. We do have an agent that has been with us during the entire process. I have my complaints but nothing that would regret our choice. If you have any experiences to share I would love to hear, good or bad.

[@LivinginRaleighTV]

We’ve heard mostly negative experiences from people who work with Lennar, but hope your experience goes well.

[@HelloSunshine-ws9ms]

Cardboard walls...so so bad! Thanks for the helpful information!!

[@LivinginRaleighTV]

You're welcome! Thanks for watching

[@Simplyput3451]

Sounds like the same issues that were in CA many years ago. I'd also recommend a residential real estate attorney.

[@merrifieldgalos6248]

How much are these new house cost and the land price? Say for 4bedroom 2 bath double garage

[@LivinginRaleighTV]

Anywhere from 425K up to 1 million plus. It really depends on the location and builder.

[@JanDSouz]

How does the payment for a new construction home go if it takes about x months to complete? Do you pay a small amount at the start and then start your installments when you close or does the monthly payments start while the construction is in progress?

[@LivinginRaleighTV]

No, you usually put down a deposit (amount varies by the builder) and at the time of closing, your loan is used to pay for the home. Similar to buying resell, except there's no Earnest Money and Due Diligence fees, just a single builder deposit. Most builders will require you to get Pre-Approved with a lender before they will go under contract with you.

[@portiaphillips2895]

These are really informative videos. Any opinions on Dan Ryan? Yay or Nay?

[@LivinginRaleighTV]

Definitely not a fan of them

[@portiaphillips2895]

@@LivinginRaleighTV your quick response is appreciated and impressive. Thank you!

[@LivinginRaleighTV]

You’re welcome. Let us know if you need help finding a builder.

[@abbyc.3273]

Hi thank you for the video. Is lennar considered a reputable builder?

[@LivinginRaleighTV]

We'll let you be the judge! www.consumeraffairs.com/homeowners/lennar-homes.html

[@abbyc.3273]

@@LivinginRaleighTV thanks!

[@melowely]

Oh wow! Thankful you asked this, I had been looking into them.

[@LadyLikeProject]

@@LivinginRaleighTV thank you for this! I have been looking into them and I have been having the worst time getting simple information through emails. They seem horrible to work with if the way they handle questions is how they handle business.

[@LivinginRaleighTV]

@@LadyLikeProject You're welcome and sorry to hear. I would suggest not contacting any builder, and especially not the national ones without representation from an agent who knows the process well.

[@MrWaterbugdesign]

One thing about new homes anywhere in the US is they're highly engineered to use as few materials as possible. Nothing wrong with that. The thing however is they are like older homes which is where we have a lot of experience in future remodels. We know how to add a window or door for example. In new homes there may only be 1 sheet in a corner to stiffen the wall. Cutting that sheet to add a window or door can compromise the structure. The person doing the work might assume the entire wall is sheathed so no problem. And of course water damage and rot to these single sheets could compromise structure more than in older homes. This probably isn't a problem for current buyers. I think most new home buyers aren't interested in modifying their home. Looking down the road 30-50 years I wonder how many of these subdivisions will be desirable. Higher end will likely be maintained. In the lower priced homes I expect them to become run down. We see this here in Phoenix. And here in the desert we don't have water damage issues but still these modern engineered low priced homes that are 20 years old aren't holding up very well. Modern homes take serious maintaince.

[@Ginger30161]

I'd also recommend reviewing the "Warranty" and understand exactly what issues will the builder cover, and how much time you have to report on issues. Don't expect perfect craftsmanship. (ahem, Pulte, ahem, never again)

[@LivinginRaleighTV]

100%. Thanks for sharing

[@janinejohnson5014]

I bought a new construction home in 2015. I've been living with construction noise ever since then. They started major grading with bulldozers, backhoes, and dump trucks two years ago and built a walking trail right behind my house. Big trucks go back and forth on it six days a week, for up to 12 hours a day. Actually shakes my house. Construction here won't be done for another 2 years. So my advice is, be prepared to live with noise for a long time unless you are buying someplace where all the homes are almost done.

[@LivinginRaleighTV]

That's a good point. Thanks for sharing!

[@WonderWanderUSA]

I am finding this out myself but I also expected it. Guess that is the downside of living in a brand new neighborhood

[@tommarinevet]

A little inconvenient now but when the construction is done and completed your home will sell for alot more then you paid

[@WonderWanderUSA]

@@tommarinevet yeah, we have just learned to live with it. Doesn’t bother us much anymore.

[@turboaccord1]

Im not a fan of new construction in this area. Truth is the majority of new construction homes in eastern North Carolina are crap. 2x4 walls, minimal and sloppy air sealing, cheap windows, fiberglass insulation. sloppy craftmanship. You are paying for the flashy shit that is inside that can be replaced. These contractors use all the same subpar building materials and the same framing crews and sub contractors that do a half assed jobs whether its a $250,000 house to a $700,000. You can build a better house you just have to do more footwork.

[@WonderWanderUSA]

Some people can’t afford to pay a custom builder to build them the perfect house with perfectly straight lumber that will never settle. Where are people paying $250k for these new builds you are talking about?

[@ladyo7254]

I thought they had inspections during the process. I kno my house did maybe every state is different. My plumbing was off code and they couldn't move forward until it was fixed. That was city codes finding that error. I did hire a inspector b4 I closed

[@LivinginRaleighTV]

Good idea to hire an inspector before closing. For resell homes, we recommend Sellers do an inspection before the home comes for sale AND for Buyers to do an inspection also, usually a few days after the contract is signed by everyone. With new construction, we DEF recommend Buyers get a home inspection. Most take our advice these days.

[@tatyanabraverman6652]

Hello, thank you for the video. Is HHHunt considered a good builder?

[@LivinginRaleighTV]

Yes, they are. Let us know if you have any questions.

[@nunyabusiness7927]

They are a good builder. They're building Banks Pointe which is very close to where I live. Those homes start around 530k.

[@alexvelez2141]

Have a question for you buddy. Have you seen anyone build a metal home like a barndominium or say a pole barn with living quarters in the areas around Raleigh or Cary?

[@LivinginRaleighTV]

We have not seen any before that I can remember. These are rare in this area.

[@badcatjake]

Who are best builders for 55 plus commu ities in raleigh

[@LivinginRaleighTV]

Epcon and David Weekley that are building right now

[@cynthiagordon-cooper7731]

Does the builder have lands available.

[@LivinginRaleighTV]

Which builder?

[@skyethelimit03]

Probably need to talk about what happens the year after you move into a new construction. Your taxes increase, and your mortgage will increase. First year tax is based on the “empty lot” the house is built on. Then, after the home is built the taxes are reassessed. Many home buyers can see a considerable increase in their mortgage which includes the higher tax and fees that are escrowed.

[@LivinginRaleighTV]

I will consult with my preferred mortgage people tomorrow, but to the best of my knowledge the mortgage people around here actually estimate what taxes need to be escrowed prior to closing so the jump in taxes you are talking about won't happen. I will need to confirm, but I have never had a Buyer come back to me a year later and complain they weren't aware of the tax situation.

[@WonderWanderUSA]

Does this actually happen? I am at my one year mark in a new construction home and I don’t want to see any of my payments go up!

[@sheilamoye3526]

Great video, thank you for the information. I’m relocating to the Raleigh area from Orlando, Fl. I’ve been viewing Ashton Woods Townhome in Cary. Are they considered a reputable builder?

[@LivinginRaleighTV]

Thank you! Happy to help. Yes they are! Send me an email and I'll give you more information about them. [e-mail]

[@robinkeeler1909]

Any info on Schumacher Homes? Thanks

[@LivinginRaleighTV]

We haven't had personal experience with them. They rarely build in our market. Where are you looking?

[@robinkeeler1909]

@@LivinginRaleighTV Chapel Hill, maybe Hillsborough I think. Relocating from upstate New York, a little lost, but trying. 🙂

[@deepikasingh7810]

Sir i want to buya newhouse in good area.How much price will be.canyougive me an idea?.

[@LivinginRaleighTV]

What area are you looking at?

[@deepikasingh7810]

@@LivinginRaleighTV Right now i donot know but near international airport good hospitals school college university also.If near sikh temple thats good.

[@msaylorBTC100M]

I prefer new construction as I want to have a passive house, new build, new appliances, and my design (technically architect)

[@LivinginRaleighTV]

Completely understandable!

[@tommarinevet]

There is no reason for price of lumber to be this high..this is about making the middle class poor. period

[@WonderWanderUSA]

Yeah, that’s it….

[@maychen9915]

Not all agent is honest. I had bad experience with agent. Thay always try to force you to buy higher price house, so they can make more commissions.

[@LivinginRaleighTV]

Sorry you had a bad experience

[@maychen9915]

In 2011, there were a lot of bank owned house in the market, but every time I want to buy those house, the real estate agent told me it was sold. Finally, I called the sales agent and I got the house. Now I do not trust most agents anymore.

[@LivinginRaleighTV]

Sorry to hear

[@ItsAmandaTV]

It’s so hard to find a builder with openings right now too. If you know of any, please send to me!

[@LivinginRaleighTV]

Please send us an email and then we will be able to contact you! [e-mail]

[@marksanders2921]

Contact Stanley Martin!

[@jasoncable2895]

Don’t move here it’s full

[@bane2256]

Yes your dumb comment on KZbin is going to stop people from moving you idiot

[@LivinginRaleighTV]

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