The starting answer
Compare the complete offer and the written terms. The purchase price, financing conditions, inspection access, completion provisions and warranty all belong in the same decision.
How does buying new construction work?
A new-construction purchase may involve a finished home or a project that is still being built. Review the builder's contract, deposits, completion provisions, selections, inspections, financing, and warranty. These terms can differ from a resale purchase. Confirm which dates and features are commitments and which are estimates before signing.
Should I use my own agent when buying from a builder?
Independent representation can help you evaluate the contract, pricing, financing incentives, and inspection options. Ask who the on-site representative serves. Discuss any builder registration rules early and distinguish them from compensation arrangements and your choice of representation. Do not assume that arriving alone guarantees a discount or prevents you from seeking advice.
Are builder incentives worth it?
Compare the complete offer: purchase price, financing rate and fees, credits, upgrades, deadlines, and any conditions attached to the incentive. A preferred-lender offer may or may not be the best overall option. Obtain comparable written proposals and ask your lender to explain the costs over the period you expect to keep the loan.
Should I inspect a new construction home?
An independent inspection can be useful on a new home as well as a resale. Discuss permitted inspection stages, access, reporting, and how concerns will be addressed before signing the contract. Builder walkthroughs and local building inspections have their own purposes and do not necessarily replace your independent inspection.
What warranties come with new construction?
Review the actual warranty documents for coverage, exclusions, deadlines, transferability, and the claims process. Do not assume that every builder offers the same coverage periods or that every issue is included. Keep records of requests and consult a qualified adviser about contractual or other rights that may apply.
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General education. Verify the current documents, rules and numbers for your situation with the appropriate professionals.