New Construction Homes Are Offering Some of the Best Deals Right Now

Even with more homes hitting the market lately, some buyers are still feeling stuck. Either the layout doesn’t quite work, the house needs more fixing than you’re ready for, or you’ve just seen one too many that all blend together.

That’s why more and more buyers are turning to new construction homes, and many are landing better deals than they expected.

Why New Builds Are Looking Better Than Ever

Right now, a lot of builders have move-in ready homes just sitting on the market. That’s not ideal for them, because builders are in the business of moving inventory. They’d rather sell what’s done before starting on the next round.

That motivation can mean serious benefits for you as a buyer.

Lance Lambert, Co-Founder of ResiClub, puts it this way:

“In housing markets where unsold completed inventory has built up, many homebuilders have pulled back on their spec builds — and many are doing bigger incentives or outright price cuts to move unsold inventory.”

Builder Incentives Are at a 5-Year High

According to the National Association of Home Builders (NAHB), 66% of builders offered sales incentives in August, the highest percentage we’ve seen in five years.

That means 2 out of every 3 builders are offering something extra to help get the sale done. These extras can include things like help with closing costs, upgraded features, or even better financing options. In short: it’s a good time to be a buyer.

Price Cuts Are Making a Comeback

One of the most powerful incentives right now? Lower prices. Almost 40% of builders are offering price reductions.

On average, builders are knocking off about 5% from the list price. For example, on a $500,000 home, that’s $25,000 in savings. That could be the difference between settling for a home that “sort of works” and moving into one that checks all the boxes.

And if a builder won’t cut the price? Don’t worry, there are still options. Many are offering incentives like rate buydowns, closing cost coverage, or upgrades.

As Realtor.com notes:

“. . . there are deals to be found in the market for new homes, with builders increasingly willing to negotiate on price or offer incentives such as rate buydowns and closing cost assistance.”

Why This Might Be the Right Move for You

If you’ve got a vision for your dream home, a new construction property might be the way to go. You’re not just buying a roof and four walls, you’re choosing a home that fits your lifestyle. Many new builds come with:

- Bigger kitchens and open layouts

- Energy-efficient features (hello, lower bills)

- Smart-home tech

- Fewer immediate repairs

And with today’s incentives, that dream might be more affordable than it has been in years.

One Quick Word of Advice

If you’re thinking about touring new construction, bring your own agent.

The builder’s rep works for the builder, not for you. A trusted real estate agent can help you:

- Break down the numbers and spot real value

- Sort through which incentives are helpful vs. hype

- Negotiate the best deal possible

- Keep your goals front and center

Bottom Line

If your home search has hit a wall, don’t overlook new construction. With builders offering strong incentives, price cuts, and move-in ready homes, this could be your best shot at a great deal in years.

Want to see what’s available here in Salt Lake City? Let’s connect! We’ll show you which builders are offering the best perks right now.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Zander Real Estate Team does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Zander Real Estate Team will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.