Buying a brand new home, freshly built can be very exciting...no worries about how a resale was maintained, getting to select all your own upgrades...but there are some pitfalls and here are some tips to help make it a smooth and fun experience.
1. The first time you're out browsing new homes and you enter and sign in without a real estate agent, your agent will not be able to collect a commission for helping you. YOU NEED HELP DEALING WITH HE ONE SIDED BUILDER'S CONTRACT. If you don't use a real estate agent at least get an attorney to look over the contract. You are stuck with most of the language. But, there are some items you can get some concessions on. For instance, time of construction. If the home is already under construction they don't need two years to build it as the contract allows, you need to get a more realistic time frame. What happens to your earnest money if you change you mind? How long do you have to change your mind? These are reasons you need someone on your side negotiating for you.
2. READ THE PUBLIC REPORT!!! All subdivisions in Arizona of 6 or more homes must provide a public report to prospective buyers. This is the equivalent of the Seller's Property Disclosure Statement you would receive on a resale home multiplied by 1000 and is more about the land and surrounding area. Here you will find out if your land has expansive soil, if there is a helicopter pad down the street and known plans for that empty lot on the main intersection corner.
3. Find out what kind of warranty your new home comes with. You usually have 8 years under the law to file a lawsuit but find out upfront what the builder will do to stand by their work.
4. Try and get some additional roof tiles and floor tiles to keep just in case some need to be replaced. This will also be a fine selling feature when you sell your home in case any of the tiles are out of stock or hard to find.
Good luck and have fun with your new home!