What do I need to know before buying a new home?

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Recently a mini subdivision of upscale homes was built in a desirable neighborhood in the Oakland Hills of northern California. The homes in the project were reasonably priced. They sold quickly, some to buyers who were moving from older homes in the same area. The appeal of a brand-new home is obvious. You get to be the first person to occupy the property. It hasn't been messed up by negligent owners or botched up by bad remodeling. And in most cases, the maintenance and upkeep will be minimal, at least for a while. However, new homes aren't always free of problems. One couple bought a new home in a subdivision and found it was plagued with water issues. The roof leaked, windows leaked, and in some places, water penetrated right through the exterior stucco. Your new home is only as good as the builder's reputation. You may want to look at several-year-old homes built by the same builder to find out how well they have held up over time. One couple found out that their builder's weak...