How long does it take to build a new construction home?

A new home usually takes several months from groundbreaking to finish.  Tract and spec homes average roughly 6 to 7 months to complete.  Custom homes or larger projects can run longer.  Weather, permitting, material availability, and change orders all affect the schedule.  Your builder should give you an estimated timeline at contract signing and keep you updated on progress and any expected delays.


How do I finance a new construction home?

If you’re buying a completed spec or inventory home, financing works like a normal mortgage: you secure a loan and close when construction is finished.  If you’re building from the ground up, you’ll likely need a construction loan.  A common approach is a construction-to-permanent loan: one loan that finances construction and then converts to a traditional mortgage when the home is finished.  This type of loan typically involves interest-only payments during construction and then flips to a regular payment schedule.  Other financing options include standalone construction loans or programs offered through builder-partner lenders.


What is the closing process for new construction homes?

Closing is the final step where ownership officially transfers from the builder to you.  On closing day, you’ll sign documents such as the deed, mortgage, and disclosures, and funds will be disbursed.  At the time of closing, you will receive the keys and take ownership of your new home.

In Georgia, the closing is overseen by a real estate attorney who examines title, prepares documents, and disburses funds.  The attorney will register the deed with the county and ensure all legal requirements are met.  This oversight provides added protection, ensuring that all documents comply with Georgia regulations and that the title is clear.


What is an earnest money deposit and how does it work?

An earnest money deposit is a good-faith payment that demonstrates your commitment to purchasing the home.  In Georgia, this deposit is typically outlined in the purchase agreement and is usually held in an escrow account—often by a closing attorney or title company.  If the transaction closes as planned, the earnest money is applied toward your down payment or closing costs.  If you cancel under a valid contract contingency—such as financing—you can generally recover the deposit.


What happens during the final walk-through?

Before closing, you’ll do a final walk-through of the finished home with the builder’s representative. During this visit you inspect every room and feature, confirming the house matches your contract and selections. Any defects or missing items should be noted on a “punch list,” and the builder will address these before closing. Common punch-list items might be a scuff in paint or a trim piece to be reattached.  Once everything on the punch list is completed, the home is deemed delivered as promised, and the closing can proceed.


Do new construction homes come with a warranty?

Most Georgia builders provide written warranties; terms vary by builder and contract.  Check your contract’s warranty section for more information.