If you’re a first-time buyer, determining whether to build or buy an existing home can be overwhelming. For many people, choosing new construction is a great opportunity to design their dream home and save money on repairs and replacing old appliances.

In fact, one-third of consumers looking to buy their first home are interested in new construction, and 37% of millennials are considering new homes, according to TD Bank’s First-Time Home Buyer Pulse.

As you evaluate whether new construction is right for you, keep in mind some helpful tips and best practices when embarking on “new” home ownership.
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