However, you may have some room to negotiate if a newly constructed spec home has been vacant for a while, or if market demand for housing has slowed down. New home construction can be stalled by weather problems, labor shortages and material delays. When buying a home to be built, you can select a floor plan that appeals to your lifestyle, make modifications to the specifications, select your favorite finishes and colors and add items such as appliances and alarm systems. As you monitor progress on your new home, check that these changes and add-ons are being completed in a workmanlike manner. Also, be sure you don't make upgrades that exceed your budget.
Builders often offer home warranties as an incentive.
Warranties generally cover the physical structure and mechanical systems of the home. Builders will usually warrant the physical structure for one or two years. Some builders offer warranties of up to ten years. In any case, make sure you find out exactly what is and isn t covered and the process for fixing a problem. Pay particular attention to coverage for things like foundation cracks, nail pops, defective siding, and leaky windows.