New Construction: Knowing the Terms

Real Estate Agent with Samson Properties VA0225077251

If you're considering buying a new construction home, it's important to be informed and prepared. From understanding the home warranty to deciphering closing costs and timeline, there are a few key things to keep in mind. We'll highlight three critical moments when you should review the details of your new home purchase with either your real estate agent or attorney.

Home warranty: Before buying a new home, make sure to compare builder warranty options. Some builders may offer limited warranties, such as 5 years for structural options instead of the standard 10 years.

Closing costs: Many builders offer incentives such as $5000-$8000 towards closing costs, but it's important to understand where these costs are actually going, as they may be covering the builder's fees or affiliated lenders' fees.

Timeline: New home construction can come with its own set of challenges, such as funding issues. Make sure to have a clear understanding of the timeline for your home's completion, and consider speaking with neighbors to gauge the builder's reputation for sticking to quality and delivery timelines.

By keeping these important considerations in mind, you can ensure a smooth and stress-free home buying experience when purchasing new construction.

Posted by

Associate Broker

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email -
Residential real estate agent serving Northern Virginia in Fairfax & Loudoun county over a decade and almost $100+M in sales volume experience. 


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