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.