{"id":18015,"date":"2024-01-23T04:00:32","date_gmt":"2024-01-23T12:00:32","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=18015"},"modified":"2025-12-21T22:50:56","modified_gmt":"2025-12-22T06:50:56","slug":"buyer-new-construction-home-buying-process","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/buyer-new-construction-home-buying-process\/","title":{"rendered":"The New Construction Home Buying Process, Explained"},"content":{"rendered":"

Delving into the <\/span>new construction home buying process<\/span><\/a> might be your ticket to significant savings. If that sounds too good to be true, consider this: you could pocket up to 34% in savings compared to buying an existing home. Building a brand-new house typically costs anywhere from <\/span>$118,749 to $499,810<\/span><\/a> (not including the cost of land), and has an average price tag of $308,758.\u00a0<\/span><\/p>\n

On the other hand, if you were shopping for an existing home back in November 2023, you’d be looking at a median sales price of <\/span>$434,700<\/span><\/a>. Now, that’s a difference worth considering!<\/span><\/p>\n

If you\u2019ve never built a custom home or purchased a new build from a developer, you\u2019ve probably got a lot of <\/span>questions about the new construction home buying process<\/span><\/a>. Living in a shiny new place with zero maintenance issues sounds like a dream but have you weighed all the pros and cons of buying new? Are you even sure new construction is right for you?<\/span><\/p>\n

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Get Your New Construction Checklist to Keep Tabs on the Process<\/h3>\n

We\u2019ve created a new construction checklist that will help you stay on track and understand what\u2019s happening through every step of your home build.<\/p>\n \n

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