New homes come with guarantees that problems will be fixed. Still, experts advise buyers to check things out. It doesn't hurt to interview homeowners and visit previous developments to see how well builders stand behind their work. A bonus room isn't worth much if the foundation is sinking. All the competition among builders makes pricing very competitive, so quality is something to consider.
Competition also limits negotiation over price in both new and resale houses.
The market is moving so fast that listings don't sit very long, which is what motivates price reductions in new homes. You can work with the builder to pick out the plan, the lot, and the options. Purchasing before construction is completed allows a house to be customized for less. New homes let you to select colors and options, but resale properties are often priced lower and will be more finished than those in new developments. Know that you won't get everything right away.