Profile picture for BPL121835

Is there a typical discount amount on a new home (custom built)?

  • February 18 2011 - Penfield
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (4)

Profile picture for SoCal Engr
Most of the answers seem to address "tract" developments vice "custom". If you are truly looking at "custom", then I wouldn't be expecting any great discounts. The house has been built specifically to your tastes, which may make it harder to sell to others.

Even in tract devvelopments where they allow some level of "a la carte" mods, my experience is that you write checks for these mods as-you-go. If the lots have not been moving, it is more likely (as Mike indicated) that the builder would offer concessions in the form of upgrades vice actual price drops.

Now, if you are looking at a house that has already been built and is sitting...you might have some leverage.
  • February 18 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

If you can find a neighborhood that is trying to "close out" their inventory and move on to their next development, you stand to score some incentives.  We bought 2 years ago when our builder had 4 lots remaining in the subdivision.  We took $30,000 off the price of the lot, received $10k in design center upgrades and $6,000 towards closing.  Considering it was a $250k home, that was almost 20% off.
  • February 18 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Builders are typically more willing to give you discounts on upgrades rather than discount the overall price of the home. Because they buy in bulk, they receive discounts on cabinetry, carpet, appliances, etc that may not be available to the general public.

So it makes more sense for them to offer upgrades at or above cost as it doesn't hurt their bottom line and it can give a substantial deal to the buyer.
  • February 18 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Many new home builders tend to give discounts at the beginning of the subdivision development or at the end of the phase tend to provide the largest discounts to the price. Get a Realtor involved to help you.
  • February 18 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.