How to Pick a New Construction Home

First thing is to find a viable market to buy a new construction home. Do your research through ofheo.gov and by contacting realtors in that market. On ofheo look for the markets that are coming off previous low appreciation that are now appreciating at 8% or more. Then contact several realtors to find out what is happening in their market as far a growth in the job market or large influx of retirees. These are some of the key indicators of sustainable appreciation. Ask the realtors what is the most popular type of proerty. Is it a condo, or a single family home. Also ask how many days on the market before a property sells and the difference between sold price and list price. In a hot market you will see several sold prices higher than the list price.