Newtown Square Friends & Neighbors magazine, September 2020

Page 22

Expert Contributor by Sarah Forti Forti Homes with Keller Williams Realty

The Homebuyer’s Guide to New Construction:

3 TIPS for

BUYING NEW CONSTRUCTION Newtown Square is a fantastic place to plant roots because of its convenient location, amenities and beauty. It’s no surprise that there’s a high demand for new homes here! With so many new construction options and price points, there is something for everyone. Before you walk into the sales center, be prepared with these 3 important tips.

1. Location, Location, Location The first thing to consider is the lot location in the community. To immediately learn what lots are available, look at the site map. This info can often be found on the builder’s website.

Newtown Square’s

Resident Real Estate Expert

Virtually Bringing You Home!

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Serving Newtown Square, Maine Line and Philadelphia

Sarah Forti Realtor

610 - 986 -7170 Sarah@FortiHomes.com

610-647-8300

www.FortiHomes.com 744 W. Lancaster Avenue, Suite 125, Wayne, PA 22

Newtown Square Friends & Neighbors

September 2020

Certain lots can accommodate specific home designs or sizes. If a walk-out basement is important to you, you’ll have to find out exactly which lots are sloped in a way that accommodate that setup. If privacy is important to you, look for a lot that backs to woods. And if being a part of the action and close to the community is a priority, consider a lot a few doors down from the pool, playground or clubhouse.

2. Budget for Base Price + 15% To be realistic about your budget, anticipate costs of at least 10% over the “base price,” and know it’s more common for owners to spend upwards of 20% on upgrades and specific selections. For example, if the base price of a home is $500,000, budget to spend about $75,000 on upgrades for the lot and options you desire. The model home often includes up to 40% in options and upgrades such as extra lighting, upgraded flooring, increased square footage, luxury countertop materials in the kitchen and baths and more. Know your maximum budget and start at a base price below that to accommodate for your specific selections.

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