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The process of buying a house is about getting the most affordable price. However, while you can negotiate the price of a home that’s already built but if you’re purchasing a new home it’s at the builder’s mercy. Are you sure? It’s a widely held belief that, when you purchase a new build, the prices are set in stone. There’s actually some wiggle space if you know where and how to locate it.
Walk the Lot
Some lots are more desirable than others. Builders are aware of this. A cul-de-sac, for example is more peaceful and less busy than a corner lot. Both lot sizes are priced according to their value and the cul de sac lot being more expensive. Of course, the builder will probably present you with the more costly lot. If you don’t care about the extra expense or prefer an area that is less, be patient and stroll through the various lots to locate one that suits you best.
Check out comparable sales
It doesn’t necessarily mean that the home is new, but there are comparable houses in the same neighborhood. When you compare the prices of similar homes in the area, you’ll get a better idea of how much your new construction is really worth. You’ll still pay a bit more for the privilege of being the home’s first owner however, you’ll be able to negotiate a lower price based on similar new Singapore property listings. Ask your builder about comps or to access public records. This is a great way to make sure you aren’t paying too much based on current selling conditions.
Price Check Updates
The improvements are a huge incentive for those contemplating new launch condo Singapore. Higher end floors and finishes as well as the ability to choose the exact style you prefer, allows you to make your new house a home that is yours to own, but it comes at a cost. The cost does not need to be prohibitive. You can check with different contractors to find out what they charge for the same upgrades as your builder. You can then utilize this information to negotiate a cheaper price or have the more affordable contractor install the upgrades. You can also look for a builder who offers upgrades and doesn’t charge extra.
Ask About New Singapore Property Listings provide incentives to lure buyers. A credit may be given in exchange for closing within a particular month, or even a discount if you use the lender that is preferred by the builder. Find out what incentives they provide and the amount you can save. You might also want to inquire about purchasing a model apartments. These are homes that are constructed on top of lots and come with all the modernizations that buyers have to buy. They’re not considered new or custom because they were used as models. This means that you can get them at a much lower price.
It’s an enormous desire to purchase a house. It’s exciting to be the first owner. It’s possible to keep the cost down by knowing how your expenses can be cut without sacrificing quality and luxury. With the right information and a few easy bargaining, you’ll be able to get the house you’ve always wanted within the budget you can afford!