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How to Get a Deal on a New Home With Builder Incentives

If you are planning to buy a home, there are many reasons to work directly with a new homebuilder like Lowder New Homes instead of going through a real estate agent. For example, with new construction homes, you get to choose your neighborhood, customize your options, and receive upgrades — things you typically can’t do with pre-existing homes in the real estate market. You can also get special homebuilder incentives — special deals or pricing designed to save you even more money.

Here are a few examples of buyer incentives you should look for when considering a new construction home.

Free Upgrades

One common homebuilder incentive? Free upgrades. Typically offered up to a certain dollar value, this type of deal allows homeowners to upgrade certain standard features like appliances, fixtures, energy features, and countertops without affecting the home’s purchase price. It also builds additional value into the home itself, providing you with a boost of free equity.

Closing Costs Covered

Many first-time buyers are surprised by how much money they must bring to the table at closing. Some builders will offer to cover or “zero out” the closing costs as an incentive to work with them to soften the blow. This offer can help new home buyers since buying a home often comes with moving expenses and other unexpected costs.

Special Financing

Homebuilders often work with mortgage companies and lenders to create special financing opportunities that you wouldn’t be able to obtain with an outside lender. Sometimes this financing includes special incentives like low down payments or a temporary or permanent interest rate buy-down, enabling you to get a lot more home for the money! Be sure to ask about working with your builder’s preferred lender to get pre-approved and find out what types of financing specials are available.

Warranties

While free upgrades and zero closing costs are exciting, a solid warranty on your new home is the gift that keeps on giving. At Lowder New Homes, we stand by our work and our word, which is why we offer a 10-year structural warranty on all new home purchases. We partner with 2-10 Home Buyers Warranty for this structural warranty, which recently recognized Lowder New Homes as a Foundation Builder in the 2018 Annual Home Builder Achievement Awards Program. Learn more about the importance of a structural home warranty in the video below:

Other Deals and Discounts

Depending on the company culture and core values, some builders will offer additional discounts or rebates for home buyers in certain categories — for example, seniors, first-time homebuyers, recent college graduates, etc. Here at Lowder, we offer an additional $500 incentive to members of the military. The incentive can be put towards any current upgrade offer as a special “thank you” for your service.

Lowder New Homes has several other builder incentive programs that make it easier than ever to get into your dream home. Contact us today to learn more about the home buyer incentives and deals for which you may qualify.

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