Berkshire Hathaway Home Services PenFed Realty knows new construction
It's crucial to have a knowledgeable agent present when shopping for new construction, and is here to help you navigate through your options in the Annapolis area.
In real estate, negotiation is always an option. However, with new construction, it depends on the builder and how long the home has been vacant. Developers in new additions don't like taking lower than their asking price 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 the local market, developers have been known to allow a few concessions.
For example, if a home has been on the market a long time 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.
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 plan, try to get the builder to take them out - you might be able to install them later yourself at a savings anyway.
Just because a home 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.
At Berkshire Hathaway Home Services PenFed Realty, I'll make it my #1 priority to find you a new home that meets your needs and fits within your budget. Give me a call at
410-647-8000 ext. 817 to launch the search for your new home today.
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