Expert advice on new construction purchases
Partnering with a knowledgeable agent is essential when shopping for new construction, and is here to help you navigate through your options in the New Haven area.
In real estate, negotiation is always an option. However, with new construction, it depends on the builder and the length of time that the home has been available. Developers in new additions like to keep prices near their asking point because homeowners 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, builders have been known to allow a few concessions.
For example, if the home is pretty much move-in ready, you have little to no negotiating powers. But if the home has been sitting fully furnished, like a show or model home, and there haven't been many offers - then the builder might be willing to work with you. The longer the home has been on the market, the more the builder has invested.
You can always ask for assistance in other ways when purchasing new construction. For example, closing costs are one way for you to save without lowering the price of the house. The same goes for amenities - ask for things appliance upgrades, a garage door opener, a sprinkler system or landscaping, or an extended home warranty.That can go the other way around, too. If upgrades are already in the contract, see if you can get the builder to remove them - you might be able to install them later yourself at a savings anyway.
While you should always negotiate a home warranty so problems can be fixed, it's also imperative you get a home inspection before closing. Inevitable problems can be repaired (by the builder) before you move in and larger issues identified before it's too late. Since an inspection is relatively inexpensive, some new home buyers get an inspection after being in the home for 10 or 11 months - that way, the builder can make the repairs before a 1 year warranty expires.
At Planet Realty, LLC, We'll make it our #1 priority to find you a new home that meets your needs and fits within your budget.
Give us a call at 203-387-0200 to launch the search for your new home today.