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It’s all about getting the most affordable price when purchasing an apartment. Although you are able to negotiate the price of a home that is already constructed, you are in the hands of the builder when buying a new home. Is that true? There is a common myth that the prices for new construction are set. The reality is there’s plenty of space if you know where and how to locate it.

Walk around the area

Some lots are more desirable than others. Builders are aware of this. A cul-de-sac, for example is more tranquil and less busy than a corner lot. The two kinds of properties are priced accordingly with the cul-de-sac lot selling at a premium. Of course, your builder will probably give you the more costly lot. If you’re not particularly interested in having a premium lot, or you’d be happy on an undeveloped lot if it saves you some thousand dollars, make sure to walk the different lots and select one that best meets your needs and budget.

Check out comparable sales

It doesn’t necessarily mean that the home is new, but there are comparable homes in the same area. If you look at the costs of similar homes in the area, you’ll have a better idea of what your new build is truly worth. Even though you’ll have to pay more to become the first owner of your home You can negotiate a lower price that is based on comparable Singapore new apartments for sale properties. Ask your builder about comps or access to public documents. This is an excellent way to ensure you’re not paying too much, based on the current market conditions.

Cost Check Updates

One of the major draws for those who are considering Singapore new apartments for sale are the improvements. The higher end finishes and floors and the ability to pick exactly what you want will allow you to create your home into a residence that is yours to own, but it comes at a cost. It doesn’t have to be excessive, however. You can compare with different contractors to determine what they’d cost to install the same upgrades that your builder is offering. You can either utilize that information to negotiate a better deal with your builder or have the cheaper contractor complete the upgrade. It is also possible to find builders that offer upgrades as a standard option which doesn’t add more cost.

Ask About Incentives

To attract buyers the builders typically offer incentives. A credit may be given in exchange for closing within a particular month, or a discount when you work with the preferred lender of the builder. Find out what incentives they have and how much you could save. You may also ask about buying models apartments. These houses are constructed on premium lots and have all the options to persuade homebuyers to buy. They’re not considered to be original or unique since they were built as models. This means that you can get them at a much less expensive price.

Buying Singapore New Apartments for Sale is a big dream. It’s an exciting feeling to become the first homeowner. It is possible to keep the cost down by knowing the areas where you can be reduced without sacrificing quality or luxury. You can have the home you’ve always wanted with the right knowledge and simple negotiation.