How to navigate moving into a new construction home:
Transitioning from an existing home into a new one can take several forms. To ease the transition and make it less painful try these ideas:
Own Your Current Home?
In a new construction scenario where you currently own your home, consider placing it up for sale prior to the completion of the new one. Once your current residence is sold, it can bring peace of mind that one step of the transition process is complete. Another benefit to selling your current home early is avoiding two house payments, double utilities, and the time and effort involved in managing an empty home.
The downside to selling before your new construction is complete is it may require two moves. With some creative negotiating however, you can avoid moving twice by working with a savvy agent. One option is put your home under contract but set the settlement date to 15-30 days after the expected move-in date. This will require a flexible buyer. Although this may not always work for the buyer, it is worth suggesting. Ensure all due diligence, inspections, and pertinent contract deadlines are completed within the normal time frame in the marketplace. If an appraisal or financing contingency exists, ensure those deadlines are met as well. Protect the earnest money deposit by making it non-refundable as well as significant enough that if the buyer does back out, it gives you funds to put the home back up for sale.
Another strategy in avoiding moving twice is to lease back from the buyer. Agree to a rental amount and an occupancy date that works for both of you ensuring enough time for you to complete construction and finalize your move. This way you only move once.
Sometimes, neither extending a settlement, nor negotiating a lease back is feasible. To lessen the effort of moving all your belongings twice, use a mover like Bailey’s Moving and Storage to hold items until the new house is finished. In the interim, renting a fully furnished home or condo can make relocating and any delays in construction more manageable.
These are just a few ideas to help with an easy transition into your beautiful new home. Our staff at Mountain Luxury offers full relocation services from scheduling your movers to helping you find temporary housing. Happy building.