Daybreak first-time homebuilding tips: a simple plan that reflects today’s Utah market. Use it to budget, choose financing, pick a lot and floor plan, make smart selections, and finish strong at closing.
New Homes in Daybreak • Homebuyer Tips
Before You Begin: 2025 Snapshot
- Rates: 30‑year mortgage rates recently eased into the mid‑6% range.
- Conforming limit (2025): $806,500 for one‑unit homes nationwide.
- FHA in Salt Lake County (2025): $629,050 for a one‑unit home.
- Closing costs: Budget roughly 2–5% of the price in addition to your down payment.
- Assistance: Ask your lender about Utah Housing Corporation options if you’re eligible.
Numbers can change during the year. Always confirm current limits, rates, and programs with your lender.
Tip 1: Map Your Budget and Get Pre‑Approved
Start with your comfort monthly payment. Include principal, interest, taxes, insurance, and HOA/amenity dues. Then, ask a lender for a full pre‑approval. You’ll understand your price range and you’ll be ready when you find the right lot and plan.
- Build a cash plan: Account for earnest money, design deposits, and closing costs.
- Keep a cushion: Set aside funds for blinds, landscaping, and furniture.
Tip 2: Choose the Right Loan and Lock Strategy
Compare conventional and FHA options and see how mortgage insurance, credit score, and loan limits affect your payment. For new construction, ask about extended rate locks and float‑down features. A 2‑1 buydown can lower the payment in years one and two; just be sure the final payment fits your budget.
- Down‑payment assistance: If eligible, Utah Housing Corporation programs may help with down payment or closing costs.
- VA & USDA: If you qualify, these loans can offer 0% down—great for preserving cash for move‑in items.
Tip 3: Pick a Lot and Floor Plan That Fits Your Life
Think about sunlight, storage, and how you live day to day. Do you work from home? Do you host overnight guests? Consider garage size, pantry space, and a mudroom for Utah winters. Walk the neighborhood to see park, trail, and school access.
- Structural first: Extra bedroom, loft, or 3‑car garage are easier now than later.
- Site details: Ask about setbacks, easements, and driveway length.
Tip 4: Make Smart Selections
Prioritize choices that add daily comfort and long‑term value. Focus on durable flooring, kitchen surfaces, and lighting. Consider energy and tech upgrades that are tough to retrofit later.
- Energy & tech: EV outlet, smart thermostat, extra insulation, and low‑E windows.
- Pre‑wires: Plan for data drops, ceiling speakers, and exterior cameras.
Tip 5: Track Construction and Close Confidently
Attend key walk‑throughs and ask questions. Confirm outlet locations at framing, then review finishes before install. As you near completion, review your Closing Disclosure and set utilities in your name. Schedule movers and your final orientation.
Warranty: Know who to contact for service items after move‑in.
Milestones: Pre‑construction meeting → framing walk → orientation → closing.
