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Buying New Construction vs. an Existing Home in Spokane

Chelsea McFarland
By Chelsea McFarlandCo-Founder, McFarland Prey Real Estate · Broker, Prime Real Estate Group
Wood framing of a new home under construction

Quick answer: New construction offers modern systems, energy efficiency and builder warranties, while existing homes often offer established neighborhoods, mature trees, bigger lots and more room to negotiate. Which is better depends on your timeline, budget, location and how much you value move-in-ready versus character and setting.

How They Compare

New constructionExisting home
ConditionBrand new systems and finishesVaries; may need updates
WarrantyBuilder warranty is commonUsually none, unless purchased
NeighborhoodNewer developments, often still buildingEstablished, with mature landscaping
Lot sizeOften smallerOften larger, especially in older areas
TimelineMonths if building from scratch; faster if already builtTypically 30–45 days to close
NegotiationBuilders may offer incentives instead of price cutsMore room to negotiate price and repairs
Extra costsUpgrades, landscaping, window coverings, fencingRepairs and updates over time

Neither is automatically the better deal. It comes down to what matters most to you and how you'll live in the home.

Tips for Buying New Construction

  • Bring your own agent from the first visit. The builder's sales rep works for the builder. Many builders require your agent to be with you, or registered, at your first visit.
  • Still get an inspection. New homes can have issues too. Many buyers do one inspection before drywall goes up and another before closing.
  • Read the builder contract closely. Builder contracts are often different from a standard purchase agreement, especially around timelines and deposits.
  • Understand the warranty. Know what's covered, for how long and how to file a claim.
  • Price out upgrades. The model home usually shows the upgrades, not the base price.

I've helped many people buy new construction, and plenty of buyers like it for the warranties that come with it. But new doesn't mean flawless, so I always advise getting a home inspection. I've helped a number of clients get repairs on brand-new homes, some of them substantial, like mold in the attic, a wet subfloor and a leak in a laundry room, and negotiated with the builder to fix them before closing.

"She's low pressure, efficient, knowledgeable and most importantly a shrewd negotiator with strong connections."

Jamie C., Google review

Frequently Asked Questions

Do I need my own agent to buy new construction?

You're not required to have one, but your own agent represents your interests, while the builder's sales team represents the builder.

Can you negotiate on a new build?

Sometimes. Builders may be more willing to offer incentives, like help with closing costs or upgrades, than to lower the price.

Should I get an inspection on a brand-new home?

It's a good idea. Inspectors can catch issues that are much easier to fix before you move in.

Chelsea McFarland holding lavender in a field

Comparing New and Existing Homes?

I'm happy to help you weigh the options and tour both, so you can see what fits your life best.

Call or text Chelsea: 509.565.1581
Email: chelsea@mcfarlandprey.com
Office: 1402 S Grand Blvd, Suite 201, Spokane, WA 99203