7 Incentives for NJ Real Estate New Construction Buyers

Why purchasing new construction NJ real estate is more beneficial than a resale

 

Buying a new home is not as easy as it once was due to our current economic state, but there are still many deals available to those who are financially qualified and ready to buy NJ real estate. New home builders use several incentives to entice buyers to purchase homes in their communities including some considerable discounts for select workforces.

Read on to see 7 ways to get a great deal on a new construction home.

Builder Financing Incentives

In general, national home builders have their own private financing companies that they prefer to do business with, as it simplifies their work flow and makes the NJ real estate home sale easier for the builder. They also offer incentives such as appliance packages and other upgrades in order to further convince buyers to use their preferred lender.

Included "Bonuses" in the NJ Real Estate Sale Price

Bonuses have always been popular as they further entice buyers to purchase homes from new home builders. Some examples of bonuses are LCD televisions, home theater systems, and granite counters.

Less Expensive Options

On average, home buyers spend approximately 10% of their total home sale price on upgrades for their new home. To further encourage the purchase of additional upgrades builders have lowered the cost on many of their upgrade packages. For example, kitchen features such as hardwood flooring and granite counters cost significantly less than they did years ago.

Significant Discounts on Move-In Ready Homes

Depending on your moving situation, this could be the best deal you can get as an NJ real estate new home buyer. 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. For buyers who are able to do this, they stand to get the deal of a lifetime because the builder does not want to sustain such a large inventory of homes.

Upgrades Included in the Price of the Home

Builders have a list of standard features that they include in the base models of their homes. Nowadays, these lists are filled with popular upgrades such as higher quality cabinets, granite counters, and recessed lighting in the asking price of their homes.

Select Workforce Discounts

Many home builders, especially larger builders, offer discounted NJ real estate home pricing to people who serve in the military or buyers who work in civil service fields like police, fire, medical, and government.

Reduced Lot Premiums

Builders are aware that buyers will pay a premium for their most desirable lots whether it is because they have a river or ocean view, or private backyard. In order to sell more homes, numerous home builders have reduced the premiums on the most desirable locations in a community.

 

The real estate market is changing rapidly and expanding into new avenues almost daily. Sometimes it can be very difficult to find the answers you need on a specific topic or issue. In times like these, you need a real estate professional who will provide valuable information and trustworthy advice. For more information on NJ real estate, call us today or click here to be connected with one of our top real estate specialists.