The prices of homes have dropped due to the impact of the recession, yet many investors are picky about the choices of new construction in Novi MI. Since it is one of the biggest investments one can have, it is important to be assured that their venture is worth the effort. Understanding what to expect may avoid further stress, and the homegrown company Conquest Real Estate (http://www.ConquestRealEstateGroup.com) shares a list of what to ask to potential builders.
Inquiries generally fall into the categories of logistics, finances, safety concerns, land and customer service. Conquest shares that among the best issues investors must tackle should include:
* Builder’s reputation. How long have they been in the business? Is the company financially stable? Are there available portfolios which they can show their history of work? What do their customers say about them? Being an investor, it is important to know the background of the builder, says Conquest. It is necessary to do some research before finally dealing with a particular provider.
* Premiums, down payments, etc. New construction Novi involves many financial matters which, if not guided, may cause risks to the investor. Having a real estate agent to assist them during the process will make this issue easier to resolve. Builders tend to form a network of other institutions which in turn, provides for them a percentage in the overall fee. This is the reason why new construction Novi homes can be higher than what they should cost.
* Home model. It is vital to be aware if the home will be a standard feature or a customized one. During the planning, buyers can recommend their home preferences to their builder, making their new construction Novi home more personalized. However, buyers can also choose to stick with the basic model, which is less expensive.
* Warranties and Customer Policies. What kind of warranties do they offer? How long is it guaranteed? How about the coverage? Understanding this will allow investors to use their new construction in Novi MI to the fullest, keeping their homes updated and resolving the damages within the stated period of time.
About Conquest Real Estate Group:
The Conquest Real Estate Group helps people looking to purchase real estate within the City of Detroit and the surrounding Metro Detroit suburbs. The group helps first time home buyers and experienced real estate investors. Currently, they provide service for real estate properties in Detroit, Southfield, Lathrup Village, Oak Park MI, Farmington Hills, Livonia, Redford, Eastpointe, Harper Woods, Warren MI, Novi, and Northville MI.
Conquest Real Estate has different divisions, which helps investors with the entire real estate investing process, including identifying investment properties, rehabbing properties, marketing and tenant placement, and property management. They have people who understand the entire local Section 8 process, including helping real estate investors pass their Section 8 property inspection and selecting the right tenants with Section 8 payment vouchers.
You can learn more about them by visiting their website at http://www.ConquestRealEstateGroup.com or calling them at (248) 809-4372.
Conquest Real Estate
Southfield, Michigan 48075