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How to negotiate on a new build?

  • Thread starter Thread starter /u/Different-Mind9570
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/u/Different-Mind9570

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Looking to potentially start constructing a new build.

Info: Base price+ options: $667k Avg design center spend for neighborhood: $45k Lot premium: $16k Total: $728k

Currently builder is offering a finished basement rec room incentive valued at $23k given to all home buyers in the neighborhood , and an $8k design center credit the agent offered us right off the bat without asking to help offset lot premium cost so total as it stands is $720k.

I have been reading some old threads on how people building new constructions have gotten additional things thrown in after the initial offers/incentives like additional design center credits, waived/upgraded lot premiums for free, or included options like cabinets/kitchen appliances, also closing costs covered if using their lender.

We understand base price won’t reduce as they don’t want to set a comp precedent so what do people view as the best approach to trying to negotiate the mentioned perks? We really want to be at $700k all in

(Also for reference the lot premium is crazy to us as the only benefit is it’s a south facing back yard but besides that it’s the minimum lot size and backs up to another home and the lake facing lots are a LOWER lot premium at $15k)

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How to negotiate on a new build?
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