Expert advice on new construction purchases
When driving through newer additions seeking new construction, having the right agent on your team can be the difference between a good home buying experience and a bad one. will help you navigate the myriad of new homes today to find one that's right for your family.
In real estate, you can always negotiate. However, with new construction, it depends on the developer and the length of time that the home has been vacant. Developers in new additions like to keep prices near their asking point because buyers already in the area expect new construction to be comparably priced to what they already purchased. (You'll appreciate that same courtesy if there are undeveloped lots near the home you eventually purchase!) But, depending on how far along the project is and current market conditions, a developer will often allow a few concessions.
Consider a home has been on the market a while and the builder is deeply invested, then you have some room. The same goes for show or model homes that have been sitting for a while. However, if a home was recently completed, don't count on being able to get a deal.
In situations where a builder won't budge, try getting a break with other aspects of the transaction. Ask for help with the closing costs, or more amenities, like appliance upgrades, a garage door opener, a fence or landscaping, or an extended home warranty. Or take the contrary route. If a home is nearing completion, you can often save money by passing on suggested upgrades from the builder and installing things yourself.
Just because a house is brand new, it can still have its share of flaws. Be sure to get a home inspection before purchase so that issues are handled and also negotiate a home warranty. Then, about 10 or 11 months after purchase it's worth it to pay for an inspection and get anything else repaired before the warranty expires.