- NOT having a Realtor to help you
- Not having a home inspection
- Spending too much in design studio
- Expecting things to happen on schedule
- Not factoring in property tax increases after the first year
a. Not reading over the sales contract and understanding terms
i. Increase price after contract
ii. Appraisal contingencies
iii. Keeping the builder and reps accountable and on task
a. Sub contractors and building superintendents often miss stuff
i. Vents not properly attached
ii. Not enough insulation like it was supposed to have
a. Some options don’t make sense to have done through the builder. A lot of things can and should be done later to save more money.
b. Structural vs design – which is better
a. Builder delays can range from a few weeks to several months
b. Factors outside of the builders control
i. Supply shortages
ii. Permits
iii. Inspections
a. The first year your taxes are just on the land. After the first year, your
taxes would be on the land and the home so they will most certainly go
up. Some builders already calculate the taxes with both to avoid this
but some still don’t, making it a bit of a shock when you see your
payment jump by several hundred dollars.