A step-by-step guide to buying a pre- or new construction home

When you decide to buy a home, you have a couple of key options that you have to decide on pretty early on. Namely, are you going to buy an existing home or a home that’s pre-construction or new construction?

There are a lot of things appealing to buyers about new and pre-construction. You can customize many of the details, and you can reduce the potential for a bidding war that can happen when you’re buying in the resale market.

You also won’t have to think about making big repairs or doing a lot of work potentially for years or even decades to come.

There are some things you have to know, though, and we detail these below.

Pre-Construction and New Builds

A new-build home is frequently called pre-construction. This is a situation when a builder will release lots or homes that can be purchased. Typically, a developer will have a master plan for the community, but in some cases, they might just have a few new properties for sale.

Builders who are creating entire developments will often set up a model home. The model home is where interested buyers can go to get a feel for what their home might look like.

There will be floorplans and renderings available to help you better visualize the space.

With a new build, you’ll often be able to choose items, like your countertops and cabinet color in your kitchen. Some builders will even let buyers make changes to the layout.

Customization options can be categorized in the following ways:

With a full custom home, you can decide on all the details in a home. You’ll be picking even the smallest of things.

Semi-custom homes usually let you customize the key features like floors, countertops, and lighting.

A spec home is built for you, and it’s sold as-is. If you want to make any changes, you usually have to pay for them. Spec homes usually are the result of a buyer building custom and then backing out, or it can be when the builder sells their model.

The Process

There are different rules and steps to buying a pre-construction home, depending on where you live.

You might need to pay a reservation agreement, which may be a deposit of anywhere from 3-10% of the purchase price. The builder usually has the right to change the price. That deposit goes into escrow, and you should be able to cancel at any time and get a full refund.

Once development is approved for construction, the developer submits documents for approval by the state, and then they’re sent to you so that you can review them.

If you don’t withdraw from the contract, you provide the balance of the down payment and then sign a binding contract where you agree to buy the property.

When construction is almost finished, the developer gets a Certificate of Occupancy on your behalf, and then there will be a closing date set when you give the developer the balance of the purchase price and then sign any documents.

Again, this is a very general overview, and different states and developers are going to have their own ways of doing things.

Financing

If you’re looking at new construction or pre-construction homes, you’ll need to figure out what you can afford, just as you do when buying any other type of home. A lender will consider your yearly income and your income stability, your monthly debt load, and your savings. Lenders and banks will also look at your credit score and savings.

You’ll need a good credit score to get a loan with favorable terms, and you’ll need sufficient savings to cover your down payment and closing costs.

You’ll need to get pre-approved for financing so that you don’t waste your time or anyone else’s looking at things you can’t afford.

In some situations, a construction loan might be appropriate.

A construction loan is short-term funding that helps you as you’re building your home. Usually, the terms are for 6-12 months. Once your construction is complete, the loan converts to a long-term loan with terms of either 15 or 30 years.

A construction loan is very specialized, and they are tougher to secure.

Once you have financing and home and the home is complete, you can request an inspection. If there are any issues and you’re working with a real estate agent, they can negotiate with the builder on your behalf.

Finally, your builder should provide you with a New Home Warranty. This outlines the things the builder will repair for you or compensate you for if they come up.

The 7 best sex positions for a seriously good workout

Not only is sex amazing, but it’s also a great way to really connect with your partner on deeper levels of intimacy. But it goes beyond that. Turns out that sex is an incredibly good workout as well. If you’d like to enjoy your sex life all the more, keep things interesting, and burn a truckload of calories while you are at it, these are the best sex positions for a seriously good workout.

Who said exercise had to be boring? Check out these sex positions for a decent workout 

Reverse cowgirl wall-sit 

This is a great position for both the man and the woman, only the woman gets to take charge and control the action. Have your partner sit with their back against the wall in the wall-sit position, then face away from them before squatting back into their lap. This workout is great for your glutes, quads, and hamstrings. It will take some practice and it isn’t the sort of position that you can keep up for long if you are out of shape – but it’s worth a try! 

The missionary blank 

The missionary position is often referred to as being the most boring sex position of them all but you can mix it up quite nicely with this variation. The woman lies down on her back in the traditional missionary position, while the man climbs on top and leans over her in the plank position. Planks provide an awesome full-body workout that targets the abs, back, hips, legs, shoulders, and the chest! 

Crouching cow-girl (hidden dragon)

If you want to work on your thighs, then this will have them burning in no time. Lay your partner on their back and then straddle them. Instead of staying on your knees, put both feet flat on the bed / floor putting you in a low squat position and control the action from there. As you lift yourself up and down you’ll really start to feel the pressure on your quads. 

The standing 69 

This position is an awful lot of hard work but for the more athletic couples among you it can be a great challenge – and incredibly sexy too. One partner stands while the other person is turned completely upside down with their legs on the other person’s shoulders. 

Lotus 

Lotus is one the most intimate positions, particularly if you enjoy intense eye contact while you make love. With your partner in the criss-cross sitting position, wrap your legs around them and lower yourself onto them. Both of you can slowly grind on one another and you’ll start feeling the burn in no time. 

Introduce sex toys into the mix 

Shop sex toys online and start building up a collection to share with one another in the bedroom. Having plenty of sex toys will certainly keep things interesting and you may be excited to sleep with one another more often. The more sex you have the more calories you’ll burn, not to mention all of the other amazing health benefits that come with having frequent sex. 

Exercise regularly (with sex!)

Don’t let sex be your only means of exercise. Certainly, it’s great fun! But if you want plenty of strength and stamina to succeed in the positions listed above then you’ll need to be in reasonable shape. The more you exercise the better off you’ll be in the long run. 

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