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Yes, but the best approach is to apply fertilizer well before you actually sprinkle the seeds. Apply fertilizer with an NPK ratio somewhere around 10-10-20, or 10-10-10, depending on soil test results and the type of grass you're planting, about six to eight weeks before planting grass seed. This mix added to loosened soil will give the grass seed its best chance of getting off to a solid start. 

Yes, it can be cheaper to fertilize your own lawn. DIY lawn fertilization saves the cost of hiring a lawn care company or a company that specializes in lawn fertilization. It’s important to handle fertilizer carefully to avoid the potential dangers of getting fertilizing chemicals on your skin. Also, using the wrong type of fertilizer or misapplying it can permanently damage your lawn. On average, the cost to fertilize your lawn using a professional lawn care service is about $250 and may be worth checking into as professionals tend to have the equipment and knowledge to apply the most effective blend of fertilizer to your lawn for the best results. 

Apply fertilizer in early spring and late summer to promote robust growth through the seasons.

Properly preparing the soil for planting grass seed may include applying fertilizer several weeks before spreading the seed if you plan to overseed the lawn. However, in most cases involving a brand-new lawn, spreading a starter fertilizer along with the grass seed will give it the best chance of taking root quickly and growing strong.