New Construction Homes in Spokane: Everything You Need to Know

Spokane’s real estate market is thriving, making it a prime location for buyers interested in new construction homes. Whether you’re looking for a modern, energy-efficient home or a customizable floor plan, Spokane offers a variety of new construction options to fit different budgets and lifestyles. In this guide, we’ll cover everything you need to know about buying a new construction home in Spokane, including neighborhoods, builders, financing, and common mistakes to avoid.

Why Choose New Construction Homes in Spokane?

New construction homes come with a range of benefits that make them an attractive option for buyers:

Modern designs and layouts – Many new homes offer open-concept floor plans, large kitchens, and modern finishes.
Energy efficiency – Newly built homes often feature high-efficiency insulation, windows, appliances, and smart home technology.
Lower maintenance costs – Since everything is brand new, buyers can expect fewer repairs and lower maintenance costs.
Customization options – Many builders allow buyers to choose finishes, layouts, and upgrades to personalize their homes.
Builder warranties – Most new homes come with a builder warranty, offering peace of mind for major structural components and appliances.

Top Spokane Neighborhoods for New Construction Homes

Spokane has several areas experiencing new development, each offering unique features and amenities:

Kendall Yards – A vibrant urban community with modern townhomes, close to downtown and the Spokane River.
Five Mile Prairie – Known for its scenic views and spacious lots, this neighborhood offers a suburban feel with access to amenities.
Liberty Lake – A growing area with master-planned communities, golf courses, and easy access to outdoor recreation.
South Hill – A mix of new and established homes, offering tree-lined streets and a variety of home styles.
Spokane Valley – One of the fastest-growing areas, offering affordable new construction homes with convenient access to I-90.

New Construction vs. Existing Homes: Pros and Cons

While both new and existing homes have advantages, it’s important to weigh the pros and cons:

Pros of New Construction Homes

Customizable features and finishes
Energy-efficient materials and appliances
Fewer maintenance and repair costs
Modern design and layouts

Cons of New Construction Homes

Typically more expensive than resale homes
Longer wait times if purchasing before completion
Fewer mature trees and landscaping

Home Builders in Spokane: Who’s Building?

Several reputable builders operate in Spokane, each offering different styles, price points, and customization options:

Greenstone Homes – Known for energy-efficient designs and master-planned communities.
Viking Homes – Offers affordable homes with customizable options.
Hayden Homes – A popular choice for first-time buyers, providing quality construction at competitive prices.
Custom Builders - Feel free to reach out to me for a list of custom home builders

Understanding the New Construction Home Buying Process

Buying a new construction home is slightly different from purchasing a resale home. Here’s what to expect:

Get Pre-Approved for a Mortgage – Understanding your budget will help narrow down options.
Choose a Community and Builder – Research neighborhoods and builders to find the best fit.
Select a Floor Plan and Upgrades – Many builders offer customization options for flooring, countertops, and fixtures.
Sign the Contract – Carefully review all terms, including warranties, completion timelines, and upgrade costs.
Monitor Construction Progress – Stay in touch with the builder and schedule walkthroughs at key stages.
Final Inspection and Closing – Conduct a final walkthrough and address any issues before closing.

Costs and Financing for New Construction Homes in Spokane

The cost of new construction homes in Spokane varies based on location, size, and builder. Some key points to consider:

Price Range – New homes typically start around $400,000 and can exceed $800,000 for luxury builds.
Financing Options – Many buyers use conventional loans, VA loans, or FHA loans. Some builders also offer financing incentives.
Upgrades and Additional Costs – Custom features, landscaping, and HOA fees can add to the overall price.

What to Look for in a New Construction Home

Before committing to a new home, consider the following:

Quality of materials – Research the builder’s reputation and visit model homes.
Lot size and location – Choose a lot that suits your needs in terms of size, privacy, and sun exposure.
Community amenities – Some new developments offer parks, walking trails, and clubhouses.

Common Mistakes to Avoid When Buying a New Construction Home

To ensure a smooth buying experience, avoid these common mistakes:

Not hiring a buyer’s agent – A real estate agent can help negotiate and protect your interests.
Skipping the home inspection – Even new homes can have construction defects, so an inspection is essential.
Ignoring resale value – Consider factors like location and school districts that can impact future resale potential.

How Long Does It Take to Build a New Home in Spokane?

The timeline for building a new home depends on factors like weather, material availability, and builder schedules. Typically:

Spec homes (pre-built, move-in ready) – 3-6 months
Semi-custom homes – 6-9 months
Fully custom homes – 9-12 months or longer

Custom vs. Spec Homes: Which One Is Right for You?

Custom homes – Allow for complete personalization but take longer to build.
Spec homes – Built by the developer with standard finishes, offering a quicker move-in timeline.

Energy Efficiency and Sustainability in New Spokane Homes

Many new construction homes prioritize energy efficiency, including:

Smart thermostats and energy-efficient appliances
High-performance insulation and windows
Solar panel integration options

Spokane’s Real Estate Market Trends for New Construction

The demand for new homes in Spokane continues to rise, driven by:

Population growth and economic development
Low inventory of resale homes
New master-planned communities and infrastructure improvements

Final Tips for Buying a New Construction Home in Spokane

Research builders and read reviews
Compare pricing and included features
Negotiate for upgrades and incentives
Understand the builder’s warranty and maintenance policies

Conclusion

New construction homes in Spokane offer modern amenities, energy efficiency, and customizable options, making them an excellent investment. By researching builders, neighborhoods, and financing options, buyers can find the perfect home to meet their needs. If you're considering a new home in Spokane, explore available communities and consult with a real estate professional to make an informed decision. If you're looking to purchase a new construction home, reach out to me, Nick Briggs and I would be happy to help you in your purchase!

FAQs

How much do new construction homes in Spokane cost? Prices vary, but entry-level homes start around $400,000, with high-end homes exceeding $800,000.
Are there affordable new homes in Spokane? Yes, several builders offer budget-friendly options, especially in growing suburbs like Spokane Valley and Liberty Lake.
Can I negotiate prices on a new build home? While base prices are typically fixed, buyers can negotiate upgrades, closing costs, and incentives.
How do I find the best home builder in Spokane? Research online reviews, visit model homes, and speak with past buyers to evaluate a builder’s reputation.
What’s included in a standard new construction home? Most new homes include basic finishes, appliances, and landscaping, but options vary by builder.

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About Me

My name is Nick Briggs

Being born and raised in Spokane I grew up knowing what a special place this city is, and it was my dream to help others create a life in this wonderful community by guiding them in real estate. I spent many years in the customer service industry, the experience of listening and communication showed me how much I truly loved helping people. I attended Gonzaga University and earned a Bachelor’s Degree in Business Administration to add to my knowledge of guiding, managing, negotiating, and listening to individuals, helping them achieve their real estate goals.

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