New Homes are Good Deals!

Okay, so we all know that buying a new home isn't as easy as it once was given the state of the economy and all the requirements to get a loan, but there are still excellent deals to be had if you are financially ready to buy a new home.

There are great deals out there being offered by new home builders, who use a number of incentives to entice you to purchase a home in their community including
some significant discounts for select workforces.

Read on to see seven great ways to get an amazing deal on a new construction home.

Included "Bonuses" in Price - For many city dwellers it can be a daunting
thought of moving to the suburbs. One of the biggest concerns is commuting to and from work in the nearest major city. Some builders are now offering a free vehicle lease for as long as 24 months to help you ease into suburban life with a new set of wheels. Other bonuses include free home theater systems, LCD tvs and more.

Slashed Pricing on Move In Ready Homes - Depending on your moving
situation, this is the golden egg of builder incentives. New home builders
build "spec" homes, also known as move in ready homes, to cater to home
buyers who are looking for a home to move into right away. The builder has already built that house and included certain options. If you are able
to move in right away, you will get a good deal this way. The drawback of course is that the builder probably chose mid range options in very neutral colors like light grey or light beige carpet, white kitchen cabinets, and the most popular of granites or very inocuous countertops. If you are someone who gravitates toward strong colors or upgraded finishes, be prepared to sacrifice some of your own tastes for a good buy!

Armed Forces or Civil Workforce Discount - Many home builders, especially
larger builders, offer discounted home pricing to people who serve in the
military or buyers who work in civil service fields like medical, police,
fire and government.

Builder Financing Incentives - National home builders tend to have their
own private financing company that they prefer to do business with as it
streamlines their work flow and makes the home sale easier for the
builder. To help you decide to use their preferred lender builders offer
appliance packages, upgraded flooring and other incentives for using their
lender.

Upgraded Included in the Price of the Home - Builders have a standard
features list that they use to build all of their base models but now
builders are including popular upgrades like granite countertops in the
asking price of their homes. I always encourage buyers to ask for these upgrades as a way of negotiating with the builder. You get a better house and the builder gets something close to his asking price.

Less Expensive Options - The average home buyer spends about 10% of their
total home sale price on upgrades for their new home. To encourage the
purchase of more upgrades builders have lowered the cost on many of their
upgrade packages. For example, you may find hardwood flooring in the
kitchen costs significantly less than it did a few years ago. There are
also more options per upgrade category to choose from.

Reduced Lot Premiums - Builders know home buyers will pay a premium for
their most desirable lots whether its because they have an ocean or
mountain view, private tree-lined backyard or more level terrain. To sell
more homes numerous home builders have reduced the premiums on the most
desirable locations in a community.

As you begin your search for a new construction home your best bet is to
get in touch with a buyer agent (LIKE ME!). Not only will a buyer's agent be able to give you the pros and cons of communities in your area but they will also help you dissect each opportunity and find the best incentives to help you save the most money on your new home purchase.

Have more questions? Please just give me a call at 240-401-5577 or email me at lise@lisehowe.com