In Ascension Parish we sell a lot of new homes, The area has grown by leaps and bounds, especially in the last 10 years. Sometimes I forget how much it has grown until I get in my car to go shopping for groceries. Not too long ago, I would have to drive several miles just to get to a grocery store or a pharmacy. Now, we have much more convenience. It’s really become a convenient little town. No wonder why people are flocking here. We have affordable housing and fantastic public schools in addition to the convenience. As the result, home builders have been busy scooping up large parcels of land and building new homes like little worker bees. I can hardly keep up with all the new neighborhoods that have been popping up throughout the parish.
To give you an example, last year there were 973 homes sold in Prairieville alone! Of those 973 homes, 355 were new construction. These homes vary in price from the $160s to the high $400s.
So what do you need to know before buying a new home in Prairieville?
1. What is the builder offering?
Does the builder offer to pay closing costs? Do you have to use their preferred lender? Do you have to use their preferred title company? If you don’t use the preferred provider will you still get some kind of incentive like fencing, window blinds or upgraded carpeting?
Many larger builders do offer to pay your closing costs, sometimes as much as $5000, but with the caveat that you have to use their preferred lender and title company. I would strongly recommend shopping the lenders so you are getting the best deal in the long run. Sometimes when you see that they are “giving” you $5000 in closing costs, the preferred lender simply puts that money into your loan somewhere else.
2. What are the standard finishes?
We all get impressed when we walk through a model home. Its impeccably decorated and has all the bells and whistles! It’s easy for anyone to envision themselves living there. So its very important to ask what is standard and what is considered an upgrade. Finishes like rubbed oiled bronze, crown molding in all the bedrooms, and tiled showers might all be considered an upgrade, which could add significantly to the price of the house. Flooring is a very popular upgrade, and if you are wondering if this is a good upgrade investment, the market seems to suggest that it is. More and more people are asking for homes without any carpeting.
3. What is the neighborhood going to be like when its complete?
Has the builder bought the whole neighborhood? You need to know this because if the builder owns the entire development, the unsold lots will most likely be filled with similarly designed and priced houses, whereas if the development utilizes various builders, the construction may be significantly different both in architectural design
and cost. You need to be wary of anything that might devalue your home.
Is this a large builder that will be able to finish what they have started? What is the timeline for it to be built out? Not many people like living in a construction zone, as the sounds of noisy trucks, nail guns and other construction equipment can grate on your nerves, especially over long periods of time.
What are the amenities the neighborhood is offering?
When the neighborhood is finished it always nice to be able to be in an neighborhood that offers amenities for its residents like a manicured front entrance, play area for children and a community swimming pool.
4. Is there an HOA?
You’ll need to pay close attention to this, so be sure to get a copy of the rules and regulations PRIOR to your new home purchase. Some HOA’s are extremely strict with many limitations placed on the homeowner.You need to look them over to see if these rules and regulations are reasonable for you and your family.
For more information on HOA’s in Ascension Parish, visit this post;
5. What kind of warranty does my home offer?
In the state of Louisiana your home is covered by The New Home Warranty Act, covering your home for several years on certain aspects like the foundation, plumbing and wiring. The link below will give you access to the details. No builder can opt out of this coverage.
To get a copy of the Louisiana New Home Warranty Act, Follow the link below
6. Check References.
Google, and the Internet in general, have made it so easy for the home buyer to get good referral without having to take the builders nicely packaged referrals that are sitting in their lovely glossy new home packet! It’s not unheard of, to drive in a neighborhood and ask people what they think of their home and how the building process went. You can check Facebook to see if the builder has a business page with reviews. Also, ask your Realtor® what their experience with the builder has been in the past.
If you are considering building a new home, I have the name and number of several builders that I have worked with in the past. I know many bigger builders as well, so please, feel free to reach out to me to ask questions and get more information.. Looking forward to your call. 225-246-1812. Why, You ask……..
“Because YOU matter”
Your Real Estate Whisperer