| Banks are overloaded with foreclosure and soon to be | | | | Property open missing doors & windows. Banks |
| foreclosed properties yet they still try to hit a home run | | | | are not real interested in spending money so the |
| with every deal. New construction properties are a | | | | property may sit for a long period of time open to the |
| different animal the banks want to dump them ASAP. | | | | weather. You must as soon as you take ownership |
| Homes are usually incomplete, costs hundreds or | | | | close-in the home complete the roof, cover all |
| thousands to close up and make secure. They are in a | | | | openings windows and doors. You will be protecting |
| fast state of deterioration only a special investor buyer | | | | your investment from the elements and from vandals. |
| knowledgeable in construction is willing to look much | | | | Subdivision issues. Are the roads, curbs & |
| less buy.You can be one of those buyers here are | | | | sidewalks complete? Has the section you are buying in |
| some tips to help make the process go in the right | | | | received final city/county approval? Are the common |
| direction for you. If you are not an experienced builder | | | | areas completed the pool, playground, tennis courts, |
| or general contractor hire one to do a preliminary | | | | boat slips,club house all amenities promised by the |
| inspection you also should talk with a structural | | | | developer? If not does the city/county hold a |
| engineer if the home is still in the framing stage or not | | | | completion bond on all this type work? |
| drywalled. | | | | Homeowners Association issues. Your subdivision |
| Architectural plans for an unfinished house are a must. | | | | HOA can have as much control over what you can |
| Contact the original builder its worth a try. The local city | | | | and cannot do regarding your property as the city |
| or county building department should have a set on file | | | | county building departments. Are there any outstanding |
| whether they will let you copy them is another story. In | | | | complaints against the builder? Are the plans fully |
| a community with architectural review check with the | | | | approved by the Architectural review committee? Is |
| HOA architectural review committee they may hold a | | | | the new home being built according to the approved |
| set of plans. Subcontractors if they can be located | | | | plans? The HOA can stop you in your tracks it's best |
| may also have a full set. | | | | to check with them early in the process. |
| City or County building departments. Check with the | | | | You can find some great deals in new construction |
| local building department and health departments | | | | homes the best places to look are in the more upscale |
| determine what permits have been issued on this | | | | luxury home markets. Also look at a more resort type |
| property and what is the status. Will they reissue the | | | | setting as in lake front, golf course and beach locations. |
| permit in your name or that of your contractor, can | | | | We work in these type markets along with our off |
| you continue to complete the home? Who are the | | | | campus housing markets. Stay away from subdivisions |
| permit holders for electrical, plumbing, HVAC, well and | | | | where the builder was also the developer it will have |
| septic system these contractors may not have been | | | | issues you can not resolve. |
| paid for work completed. | | | | |