Avoid these dangers when buying a new construction home in Austin, Texas. Shannon Mangin discusses the risks associated with buying new homes in Austin, Texas. It covers aspects like choosing the right builder, inspecting the property thoroughly, understanding deposit requirements, dealing with escalation clauses, ensuring quality construction, being prepared for delays, and negotiating effectively.

Highlights
Choosing the right builder is crucial; check online reviews and visit model homes to assess quality.

Inspect the property thoroughly before buying; walk through the home and the lot to avoid surprises.

Be aware of deposit requirements; builder contracts may favor the builder and have nonrefundable deposits.

⚠ Watch out for escalation clauses that allow builders to increase prices postcontract signing.

Ensure quality construction through inspections during the building process and before moving in.

⏳ Be prepared for potential delays in construction due to various factors.

Understand the flexibility in choosing finishes; some builders may limit customization options.

Know your negotiating power as a buyer; explore options like price reductions, closing costs, and incentives.