New Home Buying Process
Understanding each phase ensures you make informed decisions and avoid costly mistakes during your new construction journey.
Research Neighborhoods
Determine the area you want to purchase your home.
- • School districts
- • Commuting time to work
- • Convenience to grocery stores, restaurants, home improvement stores, and so on
- • Proximity to recreational spaces like parks, fitness centers, or swimming pools
- • Entertainment options (think movie theaters, bowling alleys, or anything else you may enjoy)
Builder & Community Selection
Choose the right builder and optimal lot location for your lifestyle and investment goals.
- • Builder reputation & warranty
- • Lot premiums & HOA fees
- • Future development plans
- • Property taxes, special district taxes, etc.
- • Builders build times
- • Builder incentives
Pre-Qualification and Budget
Pre-Qualification process begins with filling out a pre-qual application with the new home consultant or builder representative. This is done to show how much home you can afford.
Once Pre-Qualification gets the green light, it's time to discuss builder's incentives applied to your purchase agreement and select an available property. Things to consider are as follows:
- • Lot premiums & HOA fees
- • Property taxes, special district taxes, etc.
- • Payment scenario's to stay within budget
Construction & Closing
Monitor construction progress, conduct inspections, and complete final walk-through.
- • Progress inspections
- • Quality assurance checks
- • Blue tape process with customer care rep, construction and trades
- • Final buyer walk through
- • Final closing process
- • Keys to your NEW home
Warranty Protection
Builders provide comprehensive warranties covering structural, systems, and finish defects.
- • 1-year comprehensive warranty
- • 2-year systems warranty
- • 10-year structural warranty
Energy Efficiency
New Texas homes feature the latest energy-efficient technologies and meet strict building codes.
- • ENERGY STAR certified
- • High-efficiency HVAC systems
- • LED lighting packages
Investment Value
New construction typically appreciates faster and requires less maintenance than resale homes.
- • Higher appreciation rates *Depending on area
- • Lower maintenance costs
- • Modern amenities included
Mortgage Information
Important Mortgage Information
You are free to use mortgage lender of choice. Contact your mortgage lender to assess your financial situation and determine your borrowing capacity. Some builders may require you to use their "in-house" lender for home incentives, including closing cost, rate buy down, etc.
You have up to 14 to 45 days to shop rates for a home loan without hurting your credit. This timeframe allows you to compare rates from multiple lenders without the negative impact on your credit score.
It's important to note that while multiple inquiries from different lenders are typically counted as only a single inquiry within this period, applying for preapproval or prequalification can still affect your credit score. To protect your credit, it's recommended to apply for preapproval within a "14-day window" and to avoid applying for other credit at the same time.