Everything You Need to Know About Buying a New Construction Home

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This page is your ultimate guide to buying a new construction home in Central Florida.

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1. Why buy new construction instead of a resale home?

New construction homes come with modern layouts, energy-efficient features, and brand-new materials, meaning fewer maintenance costs compared to older homes. Additionally, many builders offer customization options, allowing buyers to personalize floor plans, finishes, and upgrades. Unlike resale homes, new construction properties often come with warranties that provide peace of mind for structural integrity, appliances, and systems.

2. How much do new construction homes cost in Central Florida?

Prices vary by builder, location, and features, but on average, new construction homes in Central Florida start around $350,000. Premium upgrades, lot premiums, and customization can increase costs. Some builders offer incentives, such as covering closing costs or adding complimentary upgrades.

3. How long does it take to build a new home?

The timeline for building a new home depends on the type of home and the builder. On average:

• Production homes (pre-designed models) take 6-8 months.
• Semi-custom homes take 8-12 months.
• Fully custom homes may take 12-18 months or longer. Construction delays due to weather, supply chain disruptions, and permitting can extend the timeline.

4. Do I need a real estate agent when buying new construction?

Yes! While builders have their own sales representatives, those reps work for the builder, not you. A real estate agent ensures you get the best deal, reviews contracts, negotiates incentives, and advocates on your behalf throughout the process—at no additional cost to you since the builder typically pays the commission.

5. Who are the top builders in Central Florida?

Central Florida has a variety of well-known builders catering to different budgets and preferences. Some of the top builders include:

• Toll Brothers – Known for luxury homes with high-end finishes.
• Pulte Homes – Offers versatile floor plans and energy-efficient designs.
• DR Horton – Great for first-time and move-up buyers, with a range of home styles.
• Lennar – Includes smart home features and “Everything’s Included” packages.
• Taylor Morrison – Focuses on quality construction and resort-style communities.

6. What is included in the base price of a new home?

The base price generally includes:

• Standard finishes (builder-grade countertops, flooring, and cabinetry)
• Basic lot (unless a premium lot is selected)
• Standard appliances and fixtures
• Builder warranty However, most buyers upgrade materials like flooring, kitchen cabinets, and countertops, which adds to the total cost.

7. Can I negotiate the price of a new construction home?

Builders rarely lower base prices to maintain community value, but buyers can negotiate closing cost assistance, free upgrades, or extended warranties instead.

8. What is a lot premium?

Lot premiums are additional costs for properties in desirable locations (lakefront, corner, oversized, or conservation lots). Premiums range from $5,000 to over $50,000, depending on the view and size.

9. How much should I budget for upgrades?

Most buyers spend 10-20% of the base price on upgrades such as:

• Quartz or granite countertops
• Upgraded flooring (hardwood, tile, or luxury vinyl plank)
• Smart home features
• Gourmet kitchen packages
• Additional lighting or electrical outlets
• Extended patios or outdoor living spaces

10. Do new homes come with a warranty?

Yes! Builders typically offer:

• 1-year workmanship warranty (covers defects in materials and labor)
• 2-year systems warranty (covers HVAC, plumbing, and electrical systems)
• 10-year structural warranty (covers foundation, framing, and major structural components)

11. Can I use my own lender, or must I use the builder’s lender?

You can use any lender, but builders often offer incentives (like covering closing costs) if you use their preferred lender. Always compare interest rates, fees, and loan terms before deciding.

12. What’s the difference between a spec home and a custom-built home?

• Spec homes: Already built or near completion, with fixed finishes.
• Semi-custom homes: Some design choices are allowed but within builder limits.
• Custom homes: Fully personalized from the ground up.

13. What should I look for in a builder contract?

Carefully review:

• Pricing breakdown (base price vs. upgrades)
• Contingency clauses for delays
• Warranties and repair obligations
• HOA fees and community rules

14. Do new home communities have HOA fees?

Most new developments have HOA fees that maintain amenities, landscaping, and security. Fees vary by community.

15. What is a CDD fee?

CDD (Community Development District) fees help fund neighborhood infrastructure (roads, utilities, and amenities) and are added to your property tax bill.

16. Can I inspect a new construction home before closing?

Yes! Buyers should hire a third-party inspector before closing to check for defects in construction, even though builders perform their own inspections.

17. What if there are construction delays?

Delays happen due to weather, materials shortages, and labor availability. Builders typically give estimated completion dates but cannot guarantee them.

18. Do new homes appreciate in value quickly?

Yes! Appreciation depends on location, but new construction homes in high-demand areas can see significant value increases over time.

19. Can I rent out my new home?

Some communities allow rentals, but HOAs may restrict short-term rentals (Airbnb, VRBO). Always check community rules before buying.

20. How can Ben Laube Homes help with my new home purchase?

We provide expert representation, builder negotiations, and personalized guidance to help you make the best investment.