New Communities with Deals & Builder Incentives in Chicago
NewHomeSource helps you find some of the best deals in Chicago, IL. No matter what part of Chicago you want to call home, NewHomeSource can find you some of the best home deals in the city. Our team of pros will not only help you find the home that's right for you; we'll also help you find it for the best price. We know that buying a new home is one of life's big investments. That's why we are providing you with today's new homes with hot deals, incentives and discount available to make the process a little more affordable.
New Home Community Incentives in Chicago, IL
Some of the best new home builder incentives and discounts in Chicago occur at the start and at the end of community development. In the beginning, the builder needs sales momentum for the community and may offer grand opening incentives on top of early phase pricing. Getting in early on a desirable location can mean price appreciation before the first phase is even complete. Also, at the end of a development, the home builder may discount remaining lots to cut the overhead cost of keeping the community open and the extra expense of relying upon outside real estate agents.
Regardless of the building phase, you will likely find incentives from builders involve financing and/or discounts on upgrades. This makes sense as the first set helps consumers by making the home more affordable. Home builders often will pay for or discount closing costs particularly if you are using their preferred lender. See our buyers guide to closing cost incentives to learn the basics of these builder concessions. It is usually a win-win. You get a better price on your new house and the builder makes additional profit selling more and financing your home. You usually earn these incentives by working with preferred lenders and related title companies. Of course, you will still want to compare interest rates and other fees to be sure your deals are fair.
Beyond financing, home builders often will provide incentive to purchase options and upgrades to your new home. The profit margin on upgrades are typically higher than the actual home construction, so builder often have more room to negotiate. The value of these are harder to assess. This short post on home builder promotions will help you put these discounts in perspective.
Here is a quick overview of new housing developments in the Chicago area with incentives and promotions:
| Builders offering Incentives | 1 |
| Communities with Promotions | 1 |
| Floor Plans Available | 0 |
| Quick Delivery Homes | 0 |
