About to build your home? Let us be the first to tell you that the dream of building a new home is achievable while sitting in the comfort of your home. As you step outside to meet a custom home builder it suddenly starts becoming impossible or a daunting task to do. Well, it’s not that impossible, you can negotiate to seal the best possible deal. It’s hard for a newbie to negotiate with a professional custom home builder, so we are here with a few tips that would help the aspiring homeowner in negotiating with the said party. To negotiate effectively consider the below-mentioned points;
- Get someone help in negotiating the deal
- Do not be clueless
- Negotiate by asking for upgrades
- Start negotiating with the closing cost
Get someone’s help in negotiating the deal
Always opt for a dealer you or your family/friend or acquaintance personally know especially if you are planning to negotiate until you are satisfied. Take your family or friend who personally knows the custom builder with you to negotiate the deal like a pro. If none of your friends or family members know the custom home builder, find someone who personally knows this industry and the home builder’s attitude well.
The best advice one can give is to “communicate effectively” to negotiate. Sometimes even the hardest matters get resolved in a matter of minutes with effective communication. You would only be able to communicate with a custom home builder when you have a thorough knowledge of this industry. There is no shame in being clear about your expectations and demands. So, go ahead and discuss what’s acceptable and what’s not.
Don’t be clueless
If you want to seal the best deal, you have to go to the custom home builder equipped with knowledge. You need to know how much this particular project would cost and what’s your limit? When you are aware of the market, it would be breathtakingly easier for the aspiring homeowner to negotiate with the custom home builders. Try negotiating with the lowest price first, so even if the home builder does not agree, you can loosen up a little.
Negotiate by asking for upgrades
If the home builder is not coming to terms, you can choose to negotiate differently; asking for upgrades. If the home builder agrees to it, congratulations! You have done quite well already.
Start negotiating with the closing costs
Do not ever try to negotiate with the down payment as it leaves a bad impression on the custom home builder. If you truly want to negotiate until the dream of having a home becomes achievable, start negotiating with the closing costs; attorney, inspection, or application fee, etc.
In brief, building a home is everyone’s dream but some of us fail to understand that it’s possible to build a home even with two or three years of savings. All you need to do is to negotiate with the custom home builder to get your home of dreams built. To negotiate effectively you have to be aware of the market trends, need to take someone with you who personally knows the custom home builder, learn to communicate effectively, ask for upgrades, or choose to target the closing cost.