What to Ask Before Signing a New Build Contract in Dallas

By Steven Thomas | Refind Realty

Thinking about buying a new construction home in the Dallas-Fort Worth area? There’s nothing quite like that new home feel. But before you sign on the dotted line, there are crucial questions you should ask to protect your investment, avoid surprises, and make sure you're getting exactly what you expect.

I’ve walked hundreds of clients through the new construction process, and if there’s one thing I’ve learned, it’s this: buyers who ask the right questions up front end up the happiest.

Here’s what you need to know before you sign that builder contract.

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1. What’s Included in the Base Price?

That model home might look like your dream house, but it’s often filled with upgrades that are not part of the base price. Ask for a list of standard features and request a copy of the full upgrade menu.

Some builders in Dallas offer impressive base packages, while others charge extra for essentials like flooring, landscaping, or even garage door openers. Knowing what's included keeps your budget in check.

Get a full breakdown in my New Construction Home Guide.

2. Can I Use My Own Lender?

Many builders offer incentives to use their preferred lender, but that doesn’t mean you have to. Always compare loan terms with outside lenders, especially when it comes to interest rates and fees.

Start by getting pre-approved before you step into a model home. It gives you negotiating power and helps you make decisions faster once you find the right community.

3. What’s the Timeline for Completion?

Construction delays happen, especially with weather, supply chain issues, or labor shortages. Make sure the contract outlines a realistic completion date and includes language that protects your interests if things run late.

Ask whether the builder offers a daily penalty or financial compensation for delays. It's a conversation worth having upfront.

4. Is the Lot Included and Can I Choose a Different One?

Some builders include the lot price in their base pricing, others do not. You may also be charged a premium for a corner lot, cul-de-sac, or greenbelt location.

Clarify lot availability and costs before committing. I also help clients compare floor plans across different communities through the Dallas-Fort Worth New Construction Homes search tool.

5. What Are the HOA Rules and Dues?

Every builder community in Dallas has a Homeowners Association with specific rules, fees, and restrictions. Ask for the HOA bylaws and monthly dues before signing.

This can affect your budget and your lifestyle. Some HOAs restrict landscaping, exterior paint colors, or even parking. I’ve seen clients blindsided by HOA policies they didn’t know about.

6. Can I Hire My Own Inspector?

Even brand-new homes can have issues. Builders conduct their own quality checks, but you’re allowed to bring in a third-party inspector before closing. I highly recommend it.

I work closely with several certified home inspectors in DFW who specialize in new construction evaluations.

7. What’s the Warranty and What Does It Cover?

Most builders offer a 1-2-10 warranty: one year on workmanship, two years on systems, and ten years on structural components. But coverage and exclusions can vary.

Make sure you understand what’s included and what voids the warranty. Some require you to notify them in writing within certain timeframes.

8. Is There a Right to Cancel?

Once signed, builder contracts can be difficult to get out of without penalties. Make sure you understand the cancellation policy, contingencies, and deadlines.

This is where having a knowledgeable agent on your side makes a big difference. I walk my clients through the contract step-by-step to avoid any surprises.

Join my next New Construction Webinar for more insights like these.

FAQs: New Build Contracts in Dallas

Do I need a real estate agent for new construction?
Yes. Builders have their own reps. You need someone protecting your interests.

What’s the typical earnest money for a new build?
Usually 1% to 3% of the purchase price, but it varies by builder.

How long does it take to build a home in Dallas?
Typically 6 to 9 months, but custom homes or delays can extend that.

Are builder upgrades negotiable?
Sometimes. I help my clients prioritize the most valuable ones and often negotiate credits.

Can I negotiate the price of a new build home?
Yes, especially if the home has been sitting or the builder needs to meet quarterly targets.

Final Thoughts from Steven

Buying a new build is exciting, but it comes with unique challenges that resale homes don’t. I’m here to make sure your experience is smooth, your contract is airtight, and your investment pays off for years to come.

Whether you're exploring model homes or reviewing a builder contract, I’m just a call or message away.

Download the Lone Star App here: https://lonestarliving.hsidx.com/@sthomas

You're Always Home With Refind Realty!