Expert advice on new construction purchases

While scoping out newer developments searching new construction, having the right Realtor at your side is vital. is here to help you navigate the myriad of new homes today to pick one that's been built for you.

In real estate, negotiation is always an option. However, with new construction, it depends on the developer and the length of time that the home has been on the market. 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, a developer will often allow a few concessions.

Say 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 finished, don't count on being able to get a deal.

In cases where a builder won't budge, try getting a break in other areas. Ask for them to pay a share of the closing costs, or extra amenities, like an allowance for window treatments, 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.