Things you need to know before buying a new-build house

New homes generally offer the latest design features, less maintenance, warranties and often better energy efficiency than resale houses. But as with any investment, buyers need to do their homework to get their money's worth in the higher-priced new-home market. Some real-estate agents recommend a home inspection before closing the deal. "Just because it's new doesn't mean everything works properly," said Laura Rightenburg, a Scottsdale real-estate agent who has also worked as a builder's sales agent. That is just one of the many tips agents and others in the Valley's housing industry have for consumers who have been focused the past few years on the vast inventory of resale homes at declining prices rather than new homes. Other issues in play include financing, a builder's financial strength and knowing the prices of existing homes near a new subdivision. Location is always a prime concern, particularly its impact on commuting. Buyers also need to weigh where their home is within a subdivision, avoiding busy streets and other noisy locations. Rightenburg, of Phoenician Properties Realty, advises buyers to pick a real-estate agent to represent their interests in what can become of dazzling array of new-home choices.

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