Buying a new construction home in Frisco can be exciting, but there are key factors you need to consider before signing the deal. Here’s what every Frisco new construction home buyer should know:
1. Research the Builder’s Reputation
Not all builders are equal. Look up their past projects, read reviews, and check for complaints with the Better Business Bureau (BBB). Visit previous developments to see how well their homes hold up over time.
2. Understand the Base Price vs. Upgrades
Builders often advertise a low base price, but many features you see in the model home are costly upgrades. Ask for a detailed list of what’s included and the price of common upgrades like flooring, countertops, and appliances.
3. Negotiate Incentives
Builders may offer incentives like closing cost assistance, free upgrades, or lower mortgage rates through their preferred lenders. Always negotiate—builders are more flexible than you think, especially if they have inventory homes to sell.
4. Get Everything in Writing
Verbal promises mean nothing. Ensure that every detail—upgrades, warranties, closing costs, and completion timelines—is written in the contract.
5. Don’t Skip the Inspection
New doesn’t always mean perfect. Hire an independent inspector for both a pre-drywall and final inspection to catch issues before they become major problems.
6. Check HOA Rules & Fees
Many Frisco new construction communities have HOAs with strict rules and high fees. Understand what’s allowed and what you’ll be paying monthly or yearly.
7. Lock in Your Interest Rate at the Right Time
New construction takes months to complete. Interest rates may change before you close, so discuss rate lock options with your lender to avoid surprises.
8. Verify Property Tax Estimates
Frisco property taxes can be high, and early estimates from builders are often low. Confirm the real tax rate with the county to avoid unexpected increases.
9. Understand the Warranty
Know what’s covered under the builder’s warranty and for how long. Most builders offer a 1-2-10 warranty:
1 year for workmanship
2 years for systems (HVAC, plumbing, electrical)
10 years for structural defects
10. Compare Financing Options
Builders push their preferred lenders, but you don’t have to use them. Compare loan estimates with outside lenders to get the best rate and terms.
Would you like recommendations for top builders in Frisco or help negotiating a deal?
Please call us at 469-269-6541 for more details about Frisco real estate!
About us: Frisco New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Frisco & Dallas area, I understand the challenges that arise when buying a new construction home. There are over 50 builders in the Dallas area. I work with most of the new home builders in Dallas and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent in Frisco and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Frisco looking to buy a home in Dallas or Frisco or whether you are relocating to Frisco from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Frisco. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Frisco? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Frisco community that you can use to help make your home buying decision.
