
Building a new home is an exciting journey, but it’s essential to be aware of potential hidden costs that can arise during the process. At Shawn Forth Homes, we prioritize transparency and aim to guide you through every step. Here’s an in-depth look at common hidden expenses and how we help you navigate them:
1. Upgrade Costs: Enhancing Your Home Without Breaking the Bank
Many builders offer a base model with standard features, leading buyers to invest in costly upgrades to achieve their desired finish. These upgrades can significantly increase the overall price of your home.
How Shawn Forth Homes Assists:
- Standard High-Quality Features: We provide thoughtfully designed floor plans with high-quality standard features, reducing the need for expensive add-ons.
- Transparent Pricing: Any optional upgrades are clearly priced, ensuring you can make informed decisions without unexpected costs.affordable.
2. Lot Premiums: Understanding the Value of Your Land
The location and size of your lot can influence its price. Premiums may apply for larger plots, corner lots, or those with specific views.
How Shawn Forth Homes Assists:
- Upfront Lot Pricing: We provide detailed information on lot premiums during the initial consultation, allowing you to choose a lot that fits your preferences and budget.
3. Landscaping Expenses: Creating Your Ideal Outdoor Space
New constructions often come with basic landscaping, leaving homeowners to invest more to achieve their desired outdoor aesthetics.
How Shawn Forth Homes Assists:
- Included Front-Yard Landscaping: Our homes come with front-yard landscaping as a standard feature.
- Expert Guidance: We offer advice on cost-effective ways to enhance your outdoor space, ensuring it aligns with your vision without unforeseen expenses.
4. Utility Hookups: Ensuring Seamless Connectivity
Connecting utilities such as water, electricity, and internet can sometimes involve additional fees, especially in new developments.
How Shawn Forth Homes Assists:
- Coordination with Providers: We work closely with local utility companies to ensure all connection fees are disclosed upfront, preventing unexpected charges during the move-in process.
5. Homeowners Association (HOA) Fees: Knowing Your Community Obligations
Many new communities have HOAs that maintain common areas and amenities, which come with associated fees.
How Shawn Forth Homes Assists:
- Comprehensive HOA Information: We provide a full breakdown of any HOA fees, what they cover, and any rules or regulations, ensuring you’re fully informed before making a decision.
6. Closing Costs: Preparing for Final Transaction Expenses
Closing costs can encompass various fees, including loan origination, title insurance, and more, often amounting to 2–5% of the purchase price.
How Shawn Forth Homes Assists:
- Detailed Estimates: We offer clear estimates of closing costs early in the process, allowing you to budget effectively.
- Builder Incentives: We may provide incentives that can help offset some closing expenses, adding value to your investment.
7. Property Taxes: Anticipating Future Financial Commitments
New constructions can lead to reassessed property values, potentially increasing property taxes.
How Shawn Forth Homes Assists:
- Tax Estimates: We provide information on estimated property taxes based on local rates and your home’s value, helping you plan for future expenses.
8. Warranty and Maintenance Costs: Protecting Your Investment
While new homes come with fewer immediate maintenance needs, it’s essential to understand warranty coverages and potential future costs.
How Shawn Forth Homes Assists:
- Comprehensive Warranties: We offer robust warranties on our homes, providing peace of mind regarding potential future repairs.
- Maintenance Guidance: Our team provides guidance on routine maintenance to keep your home in optimal condition, potentially reducing long-term costs.
Conclusion: Building with Confidence
At Shawn Forth Homes, our commitment to transparency ensures you’re well-informed about all potential costs associated with building a new home. By addressing these aspects proactively, we aim to provide a seamless and enjoyable home-building experience.
Ready to embark on your home-building journey with confidence? Contact us today to learn more about our offerings and how we can assist you in creating your dream home.
Sources:
• 10 Hidden Costs to Watch For When Buying a New Construction Home
• Beware These 5 Hidden Costs of a New Construction Home - SmartAsset
• Hidden Costs of New Homes That Can Burn Buyers - Investopedia
• Understanding Builder Incentives: Are They Worth It? - New Home Source
• How to Avoid Hidden Costs When You Buy a Home - Opendoor
By partnering with a builder who values transparency and quality, you can navigate the home-building process with assurance and clarity.
About Shawn Forth Homes
For over 20 years, Shawn Forth Homes has been one of Edmond’s most trusted homebuilders, delivering high-quality homes with modern features and exceptional customer service.
📍 Visit Our Model Home: 8716 Beechgrove Drive, Arcadia, OK 73007
📞 Call Us Today: (405) 861-3790
💻 Start Your Home Search:
www.shawnforthhomes.com
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