If you're buying a new construction home in Lavon, TX, here are the key things you need to know before signing the contract:
1. Research the Builder
Check online reviews and ask for references from past buyers.
Visit other communities built by the same developer.
Look at their warranty policies and reputation for addressing issues post-sale.
2. Understand the Contract & Builder Addendums
Unlike resale homes, builder contracts heavily favor the developer.
Pay attention to cancellation policies, deadlines, and potential price changes.
Builders may include escalation clauses if material or labor costs increase.
3. What’s Included vs. Extra Costs
Base prices often exclude upgrades—confirm what’s standard vs. optional.
Ask about flooring, countertops, appliances, landscaping, and smart home features.
Factor in lot premiums, elevation upgrades, and HOA fees.
4. Get Your Own Inspection
Even though it’s new, mistakes happen—hire an independent inspector.
Schedule a pre-drywall inspection and final walkthrough inspection before closing.
5. Warranty Coverage & Builder Responsibilities
Most builders offer a 1-2-10 warranty:
1-year: Workmanship & materials
2-year: Major systems (HVAC, plumbing, electrical)
10-year: Structural defects
Know how to file warranty claims and the response time.
6. Financing & Incentives
Builders often push their preferred lenders—compare rates with outside lenders.
Ask about closing cost incentives and how they impact your loan terms.
Some builders offer rate locks to protect against rising interest rates.
7. HOA & Community Development Plans
Check HOA fees, rules, and restrictions—some can be strict.
Ask if amenities (parks, pools, trails) are fully built or still in progress.
Verify future development plans—new construction nearby could affect home values.
8. Construction Timeline & Delays
Builders often provide estimated completion dates—not guarantees.
Understand what happens if there are delays (can you extend your rate lock?).
Ask about the process for final walkthroughs and addressing punch-list items.
9. Resale & Appreciation Potential
New homes depreciate slightly after purchase—be realistic about short-term gains.
Look at Lavon’s market trends and planned developments that could impact appreciation.
10. Negotiation is Limited but Possible
Builders rarely lower base prices, but you can negotiate:
Closing costs
Upgrade credits
Extended warranties
Lot premiums
Having an experienced real estate agent who specializes in new construction can help!
Would you like help with builder recommendations in Lavon or guidance on financing options?
Call us at 469-269-6541 for more information about Lavon real estate!
About us: Lavon New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Lavon, I understand the challenges that arise when buying a new construction home. There are over 100 builders in the DFW area. I work with most of the new home builders in Lavon 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 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 Lavon looking to buy a home in Fields or whether you are relocating to Lavon 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 Lavon. 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 Fields in Lavon? 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 Fields community that you can use to help make your home buying decision.
