New construction. Remodeled. Renovated.

The terms are often used interchangably, but the differences between these three types of home alterations are significant, as Beth explains. Reach out to a DOMO agent if you’re interested in purchasing an improved home, or if you have a home to sell that needs a revamp.

New Construction

New construction is a dwelling  built from the ground up, including all components from foundation materials to cabinet knobs and the hundreds of pieces and parts in-between. You’ll want a list of materials, a copy of the blueprints, and verification that a reputable architect and builder were part of the team. Check permits and inspections. Familiarize yourself with the builder’s warranty. If possible, tour the home while it is under construction, take photos, and get a pre-drywall inspection.

Remodeled

Remodeling involves altering the structure of a home on the interior or exterior. This can include a complete redesign of the structure (additions, modifications), to changes in the interior floor plan ranging from the entire home to a specific room or area by reducing or enlarging rooms, removing or adding walls, etc. When evaluating a remodeled home, confirm that changes made were well designed, protect the structural integrity of the home, and comply with building codes and permit requirements.

The 5 Step Test

Are you considering purchasing a newly renovated or “flipped” house? Here are five things to look out for to ensure that the property is a good investment: 

Quality of Workmanship

Carefully inspect the quality of the renovation workmanship. Look for any signs of shoddy or rushed work, such as uneven surfaces or poorly fitted fixtures. 

Local Permits & Inspections

Ask for documentation of all permits and inspections for the construction, renovation or remodel project. This provides insight as to whether or not it was built to code and meets all safety standards. You can search these yourself on DC SCOUT.

Upgraded Features

Take note of any upgraded features installed during construction of the project. Look for those which not only increase the home’s value, but also enhance your lifestyle–such as energy-efficient appliances, or smart home technology.

In reverse: Is the hmoe loaded with upgrades you don’t need or want? Are they too trendy? You’re paying for these, so evaluate and factor in depreciation.

Warranties

Inquire about any warranties for the project. Reputable builders/flippers will back up their work with a 12 month warranty on their work. Make sure it is in writing and specifies what is covered!

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