What Should I Know Before Buying a Builder's New Home?
The Short Answer
Get the full price, deadlines and promises in writing before you sign. Review upgrade charges, deposits, incentives, inspection access and warranty coverage. Builder contracts and local rules vary. Ask your own real estate professional or attorney to explain terms you do not understand.
Finding and Buying the Right Home. Know what is included, what can change and what you must do next.
I am comparing buildersAUse the same written checklist for each builder so you can compare the full purchase.Details +
Verify any required license through the state and ask for recent buyer references.
List the lot, home, upgrades, deposits and likely items you must buy after closing.
Read warranty terms, exclusions and how to report a problem.
I am choosing upgradesBAn upgrade changes your cost now. It does not guarantee a matching increase in home value.Details +
Get the installed price and any deposit or change fee in writing.
Keep money for closing costs, moving and repairs instead of spending every dollar on finishes.
Ask how upgrades affect the final price, appraisal and cash needed.
The model home may cost more
Ask which finishes, appliances and outdoor features are included in your exact home. Record lot charges, deposits and change fees. Do not budget from the base price alone.
Read the parts that handle problems
Check what happens after a delay, loan denial or low appraisal. Ask when a deposit can be kept. Get inspection and warranty terms before signing. Verbal promises may be hard to enforce.
A few good questions
Can the builder change the completion date?
The contract may allow changes. Check the actual terms and plan for possible extra housing or storage costs.
Does a warranty cover every problem?
No. Coverage, deadlines and exclusions vary. Read the written warranty and claim steps.
We were amazed at how quickly Troy closed our home loan. His speedy communication saved us so much time.
Willa Henderson Fayetteville, NC
Review for Troy Schuricht
★★★★★
We were blown away by how fast and seamless our closing process was with Troy. He locked in a great rate quickly and handled every detail so we could move into our home on schedule!
Yara Mansfield Show Low, AZ
Review for Troy Schuricht
★★★★★
Troy and his team got us to the closing table in record time. They were super efficient and kept everything moving fast!