Buying a house that is under construction gives you the opportunity to customize your new home by adding special features to the basic home. When deciding on additional features, consider how they will affect the re-sale value of the home and whether these additions will over-improve your home.
Money spent to improve and modernize kitchens and bathrooms is almost always a good investment. Granite and corian counter tops, side-by-side refrigerators, tile flooring and whirlpool tubs are popular upgrades. If the builder's standard flooring for the living room, dining room or foyer is linoleum, changing to hardwood or tile will increase the resale value of the home. And even if you don't enjoy sitting around a roaring fireplace, the next owner may want one. If you plan to finish the basement later, you may want to "rough-in" the plumbing for a bath during the original construction. You should consider your own enjoyment--and what will increase the value of your home when you sell.
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
The Jeanne Walters Team Jeanne Walters Real Estate 107 E 6th Street Bloomington, IN 47408 Tel: (812) 331-8951 Fax: (812) 331-7532 Toll Free : (866) 877-6677 Email: info@JeanneWalters.com
I truly love my work and consider myself extremely fortunate to be associated with fine colleagues. I enjoy my clients as well and value the opportunity to play a part in important times of their lives. Since 1982 I have completed designations for GRI, CRS, ABR and many fascinating real estate classes.
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