If you’ve been on the hunt for a home, you might be wondering how to get the best deal in today’s market. Here’s a little insider tip: new construction may be your smartest move right now.
Builders are motivated to sell, and they’re offering incentives at the highest level in five years. In fact, about 66% of builders are offering perks that can lower the overall cost of homeownership. That’s a big deal for buyers looking to stretch their budget further without compromising on the home they want.
Incentives That Put Money Back in Your Pocket
The most common incentive builders are offering is a price cut—and we’re not talking about small discounts. On average, builders are knocking about 5% off the purchase price. On a $500,000 home, that works out to $25,000 in savings. That’s enough to cover upgrades, offset closing costs, or simply give you some breathing room in your monthly budget.
In addition to price reductions, some builders are throwing in extra incentives like help with closing costs, design upgrades, or even interest rate buy-downs. These perks can make a big difference in affordability, especially if you’ve been feeling squeezed by today’s mortgage rates.
Why This Matters for Buyers
With so many builders offering these kinds of incentives, it may be easier than you think to find a home that fits both your lifestyle and your budget. Instead of competing in the resale market—where bidding wars can still happen—you could step into a brand-new home with significant savings built into the deal.
For many buyers, this is the opportunity they’ve been waiting for. Not only do you get the benefits of modern design and new appliances, but you also lock in financial advantages that simply weren’t on the table a few years ago.
If you’re curious about how far today’s builder incentives could stretch your budget, let’s talk. I’d be happy to walk you through what’s available in our area and show you how new construction could make your dream home more affordable than you imagined. Contact me at petercunharealtor@gmail.com or call 917-690-5390 to get started.
