Before looking at model homes, you must establish your "personal affordability" number.
Buying a new house—especially new construction—is a detailed multi-phase journey that typically spans . Unlike buying a resale home, this "deep feature" process involves selecting everything from the plot of land to the specific kitchen tiles before the home even exists. 1. Financial Preparation & Strategy buying a new house process
: A common safety net where you spend no more than 30% of gross income on your mortgage, have 30% of the home price in savings, and limit the home price to 3x your annual income. Before looking at model homes, you must establish
: You choose from a set of pre-designed floor plans and structural options (e.g., adding a sunroom or a third garage) within a specific community. : Essential for new builds to show builders
: Essential for new builds to show builders you are a serious buyer. Many builders have preferred lenders who may offer specific incentives like closing cost assistance or design credits. 2. Choosing Your Path: Build Types
