What to Look Out for When Buying New

 If you are in the market to purchase a new home in Las Vegas, there are a few things you should keep in mind as you conduct your home search. From seeking the help of a knowledgeable and experienced real estate professional, to knowing there is no such thing as a perfect home; even if you plan to buy from a new home builder, you should expect to encounter some defects. When purchasing new construction you also need to consider possible associated costs such as SID's, LID's and HOA fees. Below are some related articles to consider as you go through the home buying process. Don't let these things scare you. Just know what to expect and be prepared to handle these situations.  

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Homeowners Association Fee - HOA Fee

A Homeowners Association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential property to an organization that assists with maintaining and improving that property and others in the same group.

-investopedia

Investopedia

Before You Purchase Property in a Connon-Interest Community. Did You KNnow . . .

When you enter into a purchase agreement to buy a home or unit in a common-interest community, in most cases you should receive either a public offering statement, if you are the original purchaser of the home or unit,

-Department of Business and Industry

Red.nv.gov

SIDs and LIDs. Special Improvement District, and Low Impact Development

Can someone provide a concise explanation of exactly what the difference is between the assessments called SIDs and LIDs? I may be moving to Las Vegas.

-Forum

City-data.com

How to Shop Wisely for a New Home — Part One

Don't believe Mick Jagger — if you’re embarking on a journey to buy and build a new home, you canget what you want in your dream home.

-Mary Umberger

New Home Source

How to Shop Wisely for a New Home — Part Two

The fun part, at last! Walking through state of the art model homes furnished by top interior designers (AKA merchandisers in the new home world) offers some big benefits: 

-Mary Umberger

New Home Source

New Construction's Hidden Costs Can Burn Buyers

Many homebuyers think that purchasing a brand-new home is smarter than purchasing a "used" home. A new home's maintenance costs should be minimal;

-Amy Fontinelle

Investopedia

6 Mistakes to Avoid When Buying a New-Construction House

It’s exciting to build a home from the ground up. There are fun choices to be made, from selecting the hardwood floors for the dining room to choosing between subway tiles or penny tiles for your kitchen backsplash. But don’t get so caught up in your love affair with your soon-to-be completed house that you forget about the things you really need to focus on.

-Blake Miller

Trulia

Mistakes to Avoid When Buying a New-Construction Home

Jan 29, 2016 ... A new-construction home buyer is faced with many options. They could easily become confused, leading to mistakes, some of them expensive ...

-Jason Davis

Articlesbase

If You Want to Buy a Home, Here’s What You Need to Do Now

For the first time in years, the boom-and-bust housing market may be finding its sweet spot, with good deals for buyers and sellers. Is it time to jump in?

-Sarah Max and Daniel Bortz

Time.com/money

How To Buy aNew Construction Home

A lot of people ask what’s different about buying new construction. First of all, you’re buying from the person who built it, not the person who called it home. What can you expect? Here are some of the most important things to consider when buying new construction.

-Redfin

Redfin

Choosing a Builder Means Asking Questions

Selecting the right builder for your new home can make all the difference between a satisfied building experience and a high quality, finished home and 

-Roy Diez

New Home Source

Newly Built Houses: Pros and Cons of Buying

There's something inherently appealing about a brand new house -- you get to pick out the countertops, drapes, and appliances, and have everything designed just the way you want it.

-Ilona Bray

Nolo.com

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