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What deposits are needed to build a new home?

January 7, 2025

What deposits are needed to build a new home?

There are only three times that you need to give us deposit money.

At the reservation, we require just a small deposit to hold the site and that's fully refundable. That gives us some time to work out um any of the structural items that you might want to put in stone and gives you time to get your pre-approval done. 

After that reservation agreement, we then go to the purchase agreement and at the purchase agreement we collect an earnest money deposit.

After that the only other time any money is required is when you go to the design studio. At that point you'll put another deposit down. And that's all that's due before closing.

What Our Homebuyers Are Saying

We were so pleased to have Maria and Noel help us through this process. Maria is extremely professional and knowledgeable. She went above and beyond to make sure our questions were answered, regardless of time and day. She has kept in communication with us post move-in to make sure things are going well. Noel was incredibly attentive to our needs and responded immediately to let us know he received our emails, texts, etc. Problems that we brought up were resolved right away. We appreciated his attention to detail and letting us know the status of each aspect of the home building process. He is impeccably thorough and wants the best for his homebuyers. Tracey was helpful in making design decisions, coordinating choices, and offering her professional opinion. Overall we are very happy with our home and look forward to integrating into our new neighborhood!

A Satisfied Homeowner | Normandy Village

Matt Tippett

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