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Tips for Buying a New Home in Rio Rancho

Posted on April 6, 2021

Are you relocating or buying your first home in the Albuquerque area? We have some suggestions to assist you with the homebuying process. The real estate market is competitive at this time, with homes selling quickly. Following the steps below may prove beneficial in your search for the right home for you:

1. Decide on the Specifics of Where You Want to Live.

Finding the best location for you is the first step. Do you desire a neighborhood that allows you to easily travel, with the comfort and security of a great neighborhood? Are highly ranked schools important to you? Looking for nearby health and medical facilities? What about views and community amenities? It’s also important to check out the quality of the infrastructure — including water and other utilities of your potential new neighborhood.

2. New vs. Used.

Be sure to consider the advantages of a newly constructed home, with full warranties on appliances, heating and air, lighting, construction and other aspects of the home when finding the right fit for you and your family. A newly constructed home also allows you to select the floor plan of your dreams and personalize the finishes without compromising.

3. Loan Pre-Approval.

If you’re purchasing a home with bank financing, you’ll want to get pre-approved by a reputable lender. Many builders have lenders in place that can streamline the process. Be prepared to provide detailed information about your debts, income and assets, then lenders can help you find the best types of rates, terms and loan options for your particular situation. Things can move quickly once you fall in love with your next home, so this is an important early step in the process.

4. Look at Homes at Your Pace.

When searching for your dream home, move at a pace that feels comfortable for you. Have your favorite builders send you notifications on new releases, floor plans, or upcoming price changes. Then once you narrow things down, connect with a team that understands your needs. Despite fluctuating state-wide mandates, touring models is easier than ever, with safety protocols in place and many homes and builders offering virtual tours or pre-scheduled in-person appointments.

5. Select Your Finishes.

Found a home you love? Now comes the fun part — selecting your finishes and any modifications to the floor plan that you need. Work with your builder in discussing your family’s individual needs and writing up the paperwork. Today’s builders have streamlined and simplified this process to make it easy no matter your design or home-buying level of expertise.

6. Final Steps.

As your financing process wraps up, a closing date and final signing time will be established. Once the paperwork is recorded, construction will begin on your brand-new home! Your builder will keep you notified of any additional steps along the way until it’s time for final inspection, closing and move in! Then it’s time to settle into your home and explore New Mexico’s southwestern culture, climate and scenic beauty.

During your home search, we hope you’ll consider Mariposa, a master-planned community located only 45 minutes from downtown Albuquerque in Rio Rancho. Mariposa offers the perfect balance of wide-open spaces, resort-style amenities, connected living and a low HOA with a plethora of gorgeous new homes from top-ranked builders. Plus, Rio Rancho checks off most buyers’ preferences. It is consistently ranked one of the safest cities in the region, has high-quality infrastructure, its local schools regularly earn top marks, and a variety of local high-quality health care facilities are just moments away, including UNM Sandoval Regional Medical Center.

Find out more about Mariposa and what makes it the premier master-planned community in Northern New Mexico by visiting https://www.liveinmariposa.com/