Purchasing new construction

When driving through newer developments hunting new construction, having an experienced Realtor at your side is vital. is here to help you navigate the sea of new homes today to locate one that's been built for your family.

Gain an advantage when negotiating new construction in Waterville with Coldwell Banker Plourde Real Estate as your REALTOR - (207) 660-4007

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 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 what the market is doing at that point in time, a developer will often allow a few concessions.

For example, if the home is pretty much move-in ready, you have little to no negotiating powers. But if the home has been sitting fully furnished, like a show or model home, and there haven't been many offers - then the builder might be willing to work with you. The longer the home has been on the market, the more the builder has invested.

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 sprinkler system 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 problems 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 Coldwell Banker Plourde Real Estate, 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 (207) 660-4007 to begin the search for your new home today.