The Typical New Home Buying Process

      Buying a brand new home is a big decision and an important investment, and there is a lot to think about. You want to buy with confidence, enjoy the experience and know that you have made the best decision for you and your family. 
      Typically the process of buying a brand new home takes place over time and in several stages. To begin with, you want to take some time deciding your priorities—what you want, where you want to live and how much you want to spend—and then exploring what's available.
      Once you have narrowed your choices down to one community, one builder and one home, you are ready to work out the details and sign a contract with your builder. While it is then time to step back and let the builder do the work, there is still much to do before you move in to your new home.

Before you start looking
      Get off to a great start by doing some pre-planning before you go house hunting. Discuss with everyone in your household what they want in your new home and surroundings. Make lists of what's important and divide them into must-haves and would-be-nice-to-haves. Also think about what you absolutely don't want to live with. Here are some of the things you should consider:

Community

Your Home

Financing

     At this point, call your local Home Builders' Association for a list of member builders in your community. Check ads in your newspaper to get a sense of what builders are offering. Talk to family, friends or co-workers who have recently bought a new home. Browse the Internet for information about builders, homes, communities, products and financing, as well as home buying advice. Talk with your lender and get mortgage pre-approval so you know the price range you should be looking at. Attend a home show to look at the latest in features and finishings, and to meet area builders.

Exploring your options
  Now you are ready to see what's available. As you drive around visiting builders' model homes, sales centres and offices, it's a good idea to take notes. That way, it is much easier to make clear comparisons later.
      The key to successful home hunting is to take your time. Don't rush. Take a thorough look at everything and ask questions. The builder or salesperson should be ready and pleased to answer each question. Sales centres will often have a complete information package on the homes, the development and the community, including schools and other facilities. Keep in mind that a builder's model home is usually just one of several designs offered by the company—a starting point.

The community/development

Model Homes and Plans

The Builder

You should shop around for your builder as carefully as you do for your home.

And you also need to know

Once you have found your new home
      When you have found the home you want, and you are confident that you are dealing with a professional builder, you ask the builder to write up a sales agreement. Make sure you have a lawyer review the contract before you sign, this is a binding contract.
      From here on, you will be working in close contact with your builder, or builder's representative, to see your home purchase brought to a satisfactory conclusion.