Builder contract review in Gaithersburg
Builder contract review
A builder contract review in Gaithersburg starts with the costs folded into the base price. Under the city’s FY2027 fee schedule, a new single-family house of up to 5,500 square feet pays a $1,400 building permit fee. Add $50 per unit for the Home Builder Guaranty Fund and a 10% automation fee. Those amounts are small against a house price. Still, they show how builder pricing stacks.
The bigger money sits in deposits. Maryland law requires that money a builder takes before a house is finished be held in escrow, covered by a bond or secured with a letter of credit. That applies to any sum. We confirm which protection the contract names and who holds the funds. Upgrade deposits deserve the same check.
Read the escalation and delay language next. Many builder contracts allow price changes for material costs or set no fixed completion date. Some limit the buyer’s remedies to a deposit refund. Lot premiums and structural options are usually locked once selected, while design-center choices may still shift. Each clause gets a plain-language summary.
Warranty terms close the review. Maryland’s implied warranty runs one year for general defects and two for structural ones, and the builder must state whether a warranty plan applies. Price-controlled units in projects of 20 or more homes, 15% under city rules, carry extra resale covenants. We flag those too.
Builder contract review outlines the general service. Choosing a builder and lot is covered on new construction buyer representation in Gaithersburg. Settlement steps are on contract to closing in Gaithersburg. A town with fewer new homes is covered in Builder contract review in Kensington. Your attorney signs off on legal terms, and our Gaithersburg real estate agent focuses on price, timing and options.
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Sources
Last reviewed October 3, 2026 by Levi Loveless, licensed in Maryland and Virginia. Every rule, rate and figure on this page links to the source we checked.
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