Questions have been raised as to whether you should buy a house built between 2020 - 2022 because of construction quality issues due to supply chain problems and worker shortages.
Some real estate industry spokesmen indicate that's an overblown concern because it's a highly regulated industry, with various inspections required during the projects.
If you're considering purchasing a home built during this time period and are concerned about construction quality, research the following 4 items before committing:
builder's reputation - check online, with the Better Business Bureau, and if possible, people living in homes built by that builder. In addition to actual construction issues, ask about utility costs and functional/design weaknesses.
inspection reports - In addition to reviewing previous inspection reports, pay an independent professional inspector for another one. Understand what the inspections include, as a typical inspection may not include things like crawl spaces. If so, consider paying extra to have those areas inspected since those areas can reveal major issues like leaks, moisture, and mold.
local rules and regulations - Call the local code enforcement agency and ask about the specific property you're considering to confirm all necessary permits were obtained, the construction passed current code, and any other information they might provide about that property.
builder's warranty - Most builders offer a new home warranty. If one is offered, find out exactly what it covers and for how long.
Gathering this information will help you make an informed decision and minimize the possibility of having to file a homeowner's insurance claim in the near future.
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