Buyers Are Racking Up the Perks
Home builders are nervous. The market appears to be cooling and buyers are slow to step up to the plate. What’s a home builder to do to attract a new home buyer? How about a few extra perks such as granite counter tops, free landscaping, or fancy carpeting?
If you are thinking of buying a home in 2006, then this may be your lucky year. Homebuilders in locations like Las Vegas and San Diego are heaping on the perks. Homebuyers are demanding–and getting–:
- New kitchen cabinets;
- Granite countertops;
- Center kitchen islands;
- Backyard landscaping;
- New stainless steel and upgraded dishwashers, microwaves and refrigerators;
- Upgrades to commercial ovens;
- Built-in microwaves; and
- Upgraded flooring, such as bamboo
While these cosmetic extras may appear attractive, remember that most builders get them for cost so they aren’t that big of a deal. If you want a true deal, negotiate for reduced closing costs, interest-rate buy downs and cuts in home prices. These packages can cost a builder more, but still are being used by roughly 7% of developers.
And, a reduction in price, no matter how small, will mean lower property taxes and lower monthly payments. In short, a reduction in interest rates can pay off big over time. So nix the desire for granite counter tops and push for the lower interest rates.
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513
Popularity: 14%