The Ultimate Guide to Finding New Construction Homes in Spokane, WA Under $500K

In today's world, many people are interested in owning a new home instead of an old one. That's why new construction homes are gaining popularity among buyers. In this blog post, we will discuss everything you need to know about affordable new construction homes in Spokane, Washington.

Before we delve into the different areas in Spokane where you can find affordable new construction homes, it's important to know that there are specific pockets around the city where Builders have access to enough available land to construct these homes. This is especially true for homes priced under $500,000. As of the time of this writing, there are currently only 96 listings available in this price range, ranging from just dirt on the ground to nearly finished homes.

The first area we will discuss is Cheney, which is just north of the actual town of Cheney and closer to I-90. This location, known as "new Cheney," has become a growing area that many builders have started to develop. It's residential, with tons of houses, but there's not a lot of infrastructure, such as parks or coffee shops. You can get a really affordable new construction home for less than $400,000, but you have to be okay with a 20-minute drive to downtown Spokane. This location can be very convenient for anyone working in Cheney or on the West Plains, as I-90 is right there, and you can take the back roads to Cheney as well.

The next area to consider is Airway Heights. This location is home to the Fairchild Air Force Base, which is one of the top employers in Spokane. Airway Heights had a huge boom of new construction in the early 2000s, so much of the new construction there is about 10 to 15 years old. However, the area is experiencing a second wave of growth, and there are a few communities that tend to be in the low to mid $400,000 range. There is a little more community here, with more amenities, such as parks and restaurants along Highway 2, the main strip. There are also movie theaters and other amenities, such as the Northern Quest Casino. For anyone working on base, this location is very convenient to get there and take advantage of the excellent gym and everything else that's available on the base.

If you are looking for a slightly higher-priced location, Indian Trail is a great option. Geographically, Indian Trail is just on the slopes and down in the valley off of Five Mile and is northwest of Spokane. There are quite a few builders up there, and the price ranges can go anywhere from the low $400,000s to a million, depending on your price range and exactly where you are in Indian Trail. There are quite a few options for the mid $400,000 range, and you actually have a few builders to pick from in that price range as well.

If you do not want to be on the west side of Spokane, you can start checking out areas in the valley, specifically the South Valley. This would be taking Pines Road or Dishman-Mica pretty far south, past south of 32nd, and coming to the very southern edge of the Spokane Valley. There are quite a few new construction pockets going on around there, more in the higher-priced range.

Now that you know where to find affordable new construction homes in Spokane, it's time to talk about some pitfalls to avoid when purchasing a new construction home. The first pitfall to avoid is failing to get a home inspection. Many buyers think that because the home is new, there is no need to get an inspection. However, this is a big mistake, as new homes can have problems just like older homes.

Another pitfall to avoid is failing to negotiate with the builders. Many buyers assume that the price ranges but there are also some more affordable options available.

One thing to keep in mind when looking at new construction homes is to make sure to avoid some common pitfalls. One of the biggest issues is not fully understanding the builder's contract and what is included in the price of the home. Some builders may offer a low base price, but then charge extra for upgrades, landscaping, or appliances. It's important to understand what is and isn't included in the base price, so you can accurately compare different builders and homes.

Another common pitfall is not properly inspecting the home before closing. Just because the home is brand new doesn't mean that it's free of defects or issues. Make sure to hire a professional inspector to thoroughly inspect the home before finalizing the purchase. This will help you catch any issues early on and ensure that they are fixed by the builder before you move in.

Lastly, it's important to know how to negotiate with builders to get the best deal possible. One way to do this is to work with a real estate agent who has experience in new construction. They can help you negotiate with the builder and ensure that you are getting a fair deal. Additionally, if you are willing to be flexible on your move-in date or other terms, you may be able to negotiate a lower price or some additional upgrades.

In conclusion, new construction homes can be a great option for those looking for an affordable and modern home in the Spokane area. There are several areas around Spokane with new construction communities, each with their own unique features and amenities. However, it's important to do your research, avoid common pitfalls, and know how to negotiate to ensure that you are getting the best deal possible. By working with a real estate agent who specializes in new construction, you can make the home buying process smoother and more enjoyable.