Are you planning a move this year – possibly building a new home? Since you are already spending a large amount, you should look for ways to decrease this as much as possible. New homes are priced according to their size, location and materials, which may be more than what you want to pay. A real estate agent in the Houston area stated that this is possible if you make use of a few strategies. Here are a few tips they had to offer that will help you make substantial savings.
Be either the first or the last buyer in a new neighborhood
An entire new neighborhood takes several years to be developed. It is always the first buyers that have to bear all the pains that come with incomplete construction, too many trucks, homes without lawns and hardly any neighbors. As time progresses and the area becomes known, more people are attracted and more homes are sold.
Generally, builders offer better rates to early buyers because things are more difficult for them. The same can be said for the last house because at that time the builders are interested in closing the project as quickly as possible so they can move onto another one.
Purchase a model home
Though this is not true every time, there are instances when the last house sold off is the model home. This is the home that is constructed right at the front of the subdivision and is shown to prospective buyers as an example of what the rest of the houses in the community will be like. Though no one has ever lived in these houses, they may have been used as offices by the construction and real estate teams. So why should you buy these? The prime reason is a low price because they still have been used, but the good thing is you will most probably get upgrades, carpet and kitchen cabinets.
Close a deal towards the end of the year
As the year approaches to an end, you may be able to get an incentive or a better deal. The inventory levels are often not that high at this time, but the prices are always lower than what have been observed through the year.