Everything You Need to Know Before Closing on a Brand-New Home
Buying a brand-new home is exciting — whether it’s move-in ready, under construction, or fully custom. But even new homes come with their own set of steps, inspections, and decisions. This checklist will help you navigate the process with confidence, protect your investment, and enjoy a smooth path to move-in day.
1. Know What Type of New Construction You’re Buying
There are three types of new construction homes:
- Spec Home: Already built or nearly complete. Finishes and layout are already selected by the builder.
- Semi-Custom Home: Under construction, but you may still have options for design choices like flooring, countertops, and paint.
- Custom Home: Built from scratch, often on a buyer-owned lot. You choose almost everything from the ground up.
Each type has different timelines, decisions, and builder processes. Ask your builder exactly what stage the home is in and what selections (if any) are still available.
2. Review Contracts and Key Documents Carefully
Builder contracts are often different from standard real estate contracts. Make sure to review:
- Builder Purchase Agreement (may favor the builder — read carefully)
- Inclusions & Selections Sheet (what’s included vs optional upgrades)
- Community Covenants or HOA Rules (fees, restrictions, responsibilities)
- New Construction Disclosure Forms
- Builder Warranty Coverage
3. Schedule a Professional Home Inspection
Yes, you should always get an independent inspection — even on a brand-new home.
Recommended inspection types:
- Pre-Drywall Inspection (if the home is early enough in the build)
- Final Inspection Before Closing (most important!)
- 11-Month Warranty Inspection (before the builder’s 1-year warranty expires)
Even brand-new homes can have problems like improper drainage, miswired outlets, HVAC issues, or incomplete finishes. An independent inspector works for YOU — not the builder.
4. Attend Your Final Walkthrough (Blue Tape Walk)
This is your opportunity to carefully inspect the home before closing and create a punch list of anything that needs to be fixed or finished.
Bring:
- Painter’s tape (blue tape) to mark cosmetic issues
- Your home inspection report (if completed)
- A checklist to test lights, outlets, windows, appliances, HVAC, doors, water, etc.
Make sure all agreed-upon repairs and features are completed before closing.
5. Understand the Builder’s Warranty
Most reputable builders offer warranties like:
- 1-Year for workmanship and materials
- 2-Year for mechanical systems (plumbing, electrical, HVAC)
- 10-Year for structural components
Ask for:
- A written warranty document
- Clear instructions for how to file a warranty claim
- Contacts for post-closing customer service
6. Know Your Financing or Cash Purchase Steps
- If paying cash: Confirm closing schedule and wire transfer instructions with title company
- If using a mortgage: Work closely with your lender and stay in sync with the builder’s timeline
- Builder incentives: Ask about closing cost help or rate buydowns if using their preferred lender
Also arrange:
- Homeowners insurance policy
- Utility service transfer
- Final settlement statement review
7. Plan for a Smooth Closing Day
Before you get the keys:
- Complete your final walkthrough
- Confirm all agreed repairs are complete
- Get a copy of your Certificate of Occupancy
- Receive all appliance manuals, warranties, and builder documentation
- Schedule your move-in and utility start dates
8. After Move-In Tips
- Keep a binder with all receipts, manuals, and warranty info
- Register appliances for extended warranties (if applicable)
- Document any issues with photos or notes
- Schedule your 11-month inspection to address warranty concerns before coverage expires
Final Thought
Buying a new construction home is a major milestone — and with the right checklist, you can avoid surprises and ensure your home is move-in ready from day one. A trusted real estate advisor can help guide you through every step, ask the right questions, and advocate for your best interest — especially when working directly with a builder.
