So, You’re Thinking About Buying A New Home

Written By: Mike Laquerre

Maybe you’ve been looking at the existing home market and haven’t found what you want, or you’re nervous about buying a house with “pre-existing conditions”. The idea of building a new home has started to feel like the right one for you. It’s possible this is your first home or you’re moving up into something bigger for a growing family. Maybe you’re even downsizing to adapt to your changing lifestyle. There are so many choices.

Many new homebuyers are confused about the process. Should they buy a “used home” or build new, but the fact is the decision to take the next steps can feel daunting. In the vast majority of cases, it’s worth it to go new. Here’s why:

Building New Gives You The Power Of Choice:

Choosing the right builder is a key decision since you’ll have to “live” with them from the start to finish of your build. In our case, Adams Homes partners with many of the top trades to bring you quality-built homes.

Adams Homes gives you a choice between our many popular and award winning plans, along with the freedom to choose what you’d like in your home.

Visiting one of our new home furnished model centers is a great way to talk to a new community expert sales counselor to ask any questions you may have. You’ll also get a better look at our floor plans to better understand the builder’s style and design features to see how they may be able to fulfill what you are looking for in your home.

Figure Out Your Financing:

You’ll work with the builder to determine the total cost you’ll be financing for your new home. It can save a lot of heartache if you start with one of our preapproved lenders to get pre-qualified, and to determine your home buying budget before you go any further.

Down Payment:

Most people will need to consider a mortgage when purchasing a new home. If you have less than a 20% down payment don’t fret. There are many other options for new home buyers. You can purchase with as little down as 3.5% of your purchase amount, or even zero dollars in select areas.

Closing Costs:

In thinking about how much you’ll put down, be aware that there can be many unanticipated costs that you will need to consider before you move into your home. This can include “closing costs/Prepaids” for things such as mortgage default insurance, fees, title insurance, appraisals, home insurance, and more. Our professional designated pre-approved lenders will walk you through this process.


Pre-approval is easy to arrange and a cost-free, win-win for the new homebuyer. The pre-approval will tell you up to how much you can spend, and what your payments would resemble. If the home you’re looking to purchase has already been completed, you may even be able to lock in your interest rate, ensuring it will not go up before you close. These important financing decisions will help guide you in the selection of your unique homesite and size of the home.

Title Company/Settlement:

If you’re buying a home, you’re going to require the professional services of a fully licensed title company to search the title, draw up mortgage documents, register new ownership, and liens, and look after other closing details including the disbursement of funds on dates specified in the mortgage agreement. You can feel rest-assured that your closing will be a joyous and memorable occasion.

Check out these other related articles:

“Do You Know Your Credit Score”

“5 Questions To Ask Before Buying A New Home”

“5 Tips To Save For Your Home Down Payment”

“5 Tips For First-Time Homebuyers”

“Home Buying Lingo For First-Time Home Buyers”

About Adams Homes:

Founded in 1991, Adams Homes is known as the premier home builder and is one of the largest privately-held home building companies in the southeast.  Adams Homes has built more than 40,000 new homes since 1991 and builds in seven states including new homes for sale in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee with corporate headquarters in Gulf Breeze, Florida.

Discover all Adams Homes’ communities, model homes and homes for sale on our website,  We have new homes for sale perfect for the first-time buyer, move-up home buyer, who desires to upgrade to a more accommodating new home, and the empty nester who desires to downsize to a smaller home.

While you’re at our website, explore our mortgage calculator and obtain financing information.

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6 thoughts on “So, You’re Thinking About Buying A New Home

  1. My mother is thinking about getting a new home built for her to move into. I like that you mention the importance of figuring out your financing and your overall budget before jumping the project. She will definitely be keeping this in mind going forward.

  2. I appreciate you talking about how we won’t exactly need to put 20% as a down payment and we could even pay only 3.5%. My husband and I are buying a home now that we have a couple of kids running around and we are wondering the best way to handle our financing. Now that we know we won’t have to put down 20% for our new home, we will definitely figure out what number would be the best for our budget.

  3. I really want to try and buy my first home this year. Thank you for all the information about buying a new home. I’m glad that you don’t have to have a huge down payment and sometimes you can pay as little as 3.5% of the purchase amount. That is a big relief.

  4. Buying your first home can be the most important purchase of your life. Know the process and be prepared for each step. It can save you money and prevent many headaches. You need to figure out how much house you can actually afford and how you can get best mortgage rates.

  5. Howdy Mike, You make it worth.

    I truly like the post! As you have referenced picking the correct manufacturer is a key choice, however, the individual like me who does not have any sort of thought they without a doubt commit an error. So as of late, my sister purchased a home through the guidance of real estate brokers. So you will settle on the correct choice.

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