Are you considering the allure of new construction homes in Florida? The prospect of owning a brand-new, customized space can be exciting, but there are crucial details buyers often overlook when searching for their dream home.
In this blog post, we’ll shed light on eight surprising facts about purchasing a new construction home on the Gulf Coast of Florida that can save you from potential surprises and help you make informed decisions. So, buckle up and get ready to dive into the lesser-known aspects of the home buying journey!
It’s essential to approach online listings with caution. The prices displayed often represent the base price without including the cost of the lot or any upgrades you might desire. In most cases, if you want your new home to match the model home, you can expect to add between 10% to 20% to the online price. However, keep an eye out for “Move-in Ready” or “Inventory models” that offer more accurate pricing, albeit with limited customization options.
Unlike resale homes, new construction builders often demand a more substantial down payment. Don’t be surprised to see requests anywhere from 10% to 30% of the base price, lot premium, and structural options at the time of contract signing. Additional deposits might be required for decor upgrades or in the case of custom builders. Understanding the upfront financial commitment is crucial to avoid disappointment later on.
While many model homes flaunt inviting pools, it’s important to note that they’re not always included in the price. Unless explicitly stated, expect the cost of installing a pool to be an additional expense. Some builders offer pool installation services, while others leave it to the homeowners. Choosing the builder’s pool installation option can save you the hassle of coordinating permits and construction after closing.
If you are moving to Sarasota or Lakewood Ranch, keep in mind that basements aren’t practical here due to low elevation and tropical weather. When you see a square footage measurement on a new construction home, keep in mind that’s the total actual living space you’ll have. Ensure you plan for sufficient storage within the home since a basement won’t be available.
New Home Builders in Florida often have preferred lenders and title companies. While you’re not obligated to use them, doing so can streamline the process and may even come with additional incentives. However, carefully review the conditions attached to these incentives as they may impact your choices and preferences for financing or closing representation.
Purchasing a new construction home entails more than just the base price. Impact fees, property taxes, HOA fees, assessments, lending origination fees, utilities, and services are among the costs that can add up. Be sure to research the community and review the contract to understand these expenses and avoid any unpleasant surprises.
While the allure of customization is a significant draw for new construction homes, it’s crucial to understand the limitations. Structural changes, room layouts, bathroom placements, and window sizes may have predefined options that cannot be altered. Before embarking on your new home journey, acquaint yourself with the available customization options to align your expectations accordingly.
Building a new home in Florida is subject to a range of factors that can influence timelines. Weather conditions, material shortages, and unforeseen issues can cause delays beyond what you might initially anticipate. It’s vital to prepare for the possibility of a longer construction period and have a backup plan in place to ensure a smooth transition.
No, you’re not required to have a realtor—however, working with one who understands new construction, the local communities, and builder practices can make a big difference. Builder sales representatives work for the builder, not for you. A knowledgeable realtor ensures your interests are protected, helps you understand the contract, guides you through inspections, and can often negotiate better incentives or deals than you’d get on your own.
Not always. New builds can cost more upfront because of upgrades, lot premiums, and higher deposits, but they often come with builder warranties, energy efficiency, and lower maintenance costs that add long-term value.
Model homes usually include many design and structural upgrades. Buyers can expect to spend 10–20% above the base price for common upgrades such as flooring, kitchens, and bathroom features. Move-in-ready “inventory homes” may have fewer customization options but more predictable pricing.
Deposits are typically higher than for resale homes—often 10–30% of the home price plus lot and structural options. Some builders also require additional deposits for design center selections.
Build times vary but typically range from 8 to 14 months. Weather, labor shortages, and supply chain delays can extend timelines, so it’s best to plan for flexibility.
Usually not. Pools shown in model homes are often upgrades or added after closing. Some builders offer pool installation during construction, while others require buyers to coordinate separately.
Yes, but negotiation usually comes in the form of builder incentives—such as closing cost credits, interest rate buy-downs, or design center allowances—rather than reducing the base price. The key is to know the market and where the opportunities are. Every builder is different, and their sales representatives don’t always volunteer information that could work to your advantage. This is why having your own representation is so important—an experienced realtor can help uncover hidden opportunities and ensure you get the best possible deal.
Production builders offer pre-designed floor plans with limited customization (e.g., Pulte, Lennar, DR Horton). Custom builders allow you to design nearly every aspect of your home but require higher budgets and longer timelines.
We’ve unveiled eight lesser-known facts about purchasing a new construction home in Florida that can help you navigate the process with confidence. However, this list is not exhaustive, and each buyer’s journey is unique. If you’re searching for a new home in Lakewood Ranch, Manatee County, Sarasota, or anywhere along the Gulf Coast, we’re here to guide you.
Contact us today to start your tailored home search based on your budget and preferred lifestyle. Let’s turn your dream of owning a new construction home in Florida into a reality!