Thinking about buying a newly built home in Greenwood, South Carolina? A model home can make the process feel simple, but there are several decisions to make before you sign a builder's contract. This guide from Morton's Realty explains what to ask, what to compare, and how to plan for your move.
1. What is included in the advertised price?
Ask the builder for an itemized list of standard features. Flooring, appliances, landscaping, garage-door openers and other details can vary from one community or floor plan to another. Request pricing for any upgrades you want before comparing homes.
2. Is the home already under construction?
A completed home, a home under construction, and a to-be-built home can have different timelines and opportunities for customization. Ask for the current construction stage, the expected completion window, and how delays are handled in the contract.
3. What happens if construction is delayed?
Review the builder's estimated completion date and any provisions concerning extensions. Coordinate with your lender and real estate agent before making commitments involving a lease expiration, current-home sale or moving company.
4. Can I use my own real estate agent?
Ask about representation before visiting or registering at a community. A buyer's agent can help you compare communities, review available choices, organize questions for the builder and coordinate important dates. Representation and compensation should be discussed and documented as appropriate.
5. What warranties come with the home?
Request the written warranty and understand what is covered, for how long, and how to submit a service request. Ask which components have separate manufacturer warranties.
6. Should I get an independent inspection?
New does not automatically mean that every detail is perfect. Ask about access for independent inspections and which construction stages can be inspected. Your inspector can help identify items to discuss with the builder before closing.
7. What will my total monthly cost be?
Look beyond the advertised mortgage payment. Ask your lender for an estimate that accounts for principal and interest, insurance, taxes, any HOA dues, and other applicable costs. If the builder offers incentives, compare the full terms rather than focusing on a single advertised benefit.
Questions to ask about the neighborhood and location
Before choosing a community around Greenwood, compare your everyday drive, access to shopping and services, neighborhood rules and any homeowners association requirements. If the property is near Lake Greenwood, ask about flood-risk information, insurance needs and access rights rather than relying on a listing description alone.
What about builder incentives?
A builder may offer closing-cost assistance, an interest-rate buydown or selected upgrades, but terms and eligibility vary. Request a written comparison of the total price, financing costs, lender requirements and any deadlines. A lower advertised rate is not necessarily the lowest overall cost.
Before you sign: a practical checklist
- Get written specifications for the house and upgrades.
- Confirm the estimated completion timeline and contract contingencies.
- Ask about deposits and when they may be refundable or nonrefundable.
- Discuss financing, appraisal and insurance with your lender.
- Request warranty documents and inspection access in writing.
- Review HOA documents and recurring expenses when applicable.
Buying new construction in Greenwood, SC?
Morton's Realty can help you explore available homes, compare floor plans and communities, and prepare questions before your first builder visit. Contact Morton's Realty or start exploring homes at MortonsRealty.com.
Keep Winning!
Photo credit: Illustrative construction photo taken in New Jersey (not Greenwood, SC). Wikijazz, Wikimedia Commons, CC BY-SA 3.0. Image unmodified.
