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Luxury new homes for sale may not be for everyone, but many people continue to strive for more spacious and luxurious homes. Even the economic downturn didn’t stop homebuyers from going big. That’s why there are many new luxury home builders offering spacious, custom-built homes at competitive prices.
The definition of luxury real estate is changing. In the past, a luxury home or real estate is a property priced in the top 5-10% of the real estate market. This may be true today as not everyone can afford luxury country houses and extravagant mansions being created by new luxury home builders. These builders simply expanded their services to accommodate the growing demand for larger homes. Today, they offer quality custom single-family home and townhome construction.
Luxury new homes for sale are perfect for those who can afford it because they will only get the highest quality. Most luxury home builders have their own in-house architect who designs homes that are both energy efficient and comfortable. They also offer an extensive guarantee for each property they build. They’ll make repairs free of charge for the first year, fix mechanical systems like electrical wiring and plumbing the next, and warrant structural items for the 10th year.
New luxury home builders follow a strict process when offering their services to home buyers. Familiarize yourself with some of the basic steps to owning your own luxury property.
Selection and Financing. The first step in finding a home is to search for builders and their designs. You will choose your own site and floor plan at first. Your in-house architects will ask you about the customizations you want. Next, you will discuss financing options. Many builders offer their own in-house mortgage, making their company a one-stop-shop for homebuyers.
Pre-construction planning. Your builder will assign you a project manager who will guide you through the entire process. Together, you will create a timeline and set different milestones. You will use these milestones later to assess whether or not the construction is being done on time. You will be asked to review your selections one last time before starting the build process. Part of the pre-construction planning takes you to the site. They will walk you through their layout and give you an initial idea of how big your luxury home will be.
Drywall pre-inspection. You won’t have to be there for the inspections required by law, but the builders will ask you to inspect the structure before installing drywall and any mechanical systems. You will see the quality of the construction and feel your home for the first time. Visiting the site at this stage of construction allows you to easily adjust the design and make changes.
Pre-settlement tour and delivery. The next time you will see your house is when it is complete. Your project manager will familiarize you with the features of your new home and will also address any questions or issues you may have. You can move into your new home after the closing process with your contractors.
Post-settlement reviews. Respected home builders won’t stop their service once they finish building your new abode. They will visit you after a specified period of time has passed and check how you are adjusting. You can ask them any questions about the construction and features of your home, which they will answer promptly.