Save money when purchasing new construction
Having the right agent at your side is essential 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 available. Developers in new additions avoid bending on price 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.
For example, if a property 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 just completed, it's unlikely you'll 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 an allowance for window treatments, a garage door opener, a fence 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 take them out - 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 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 start the search for your new home today.
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