BUY NEW! For many home buyers in Canada, purchasing a newly built home is the only way to go. There are two great reasons for buying a new home in Canada: customization and “brand new everything”. From the stainless steel fridge to the faucets and door handles – everything is brand new. You can also customize floor plans, select materials and change colour schemes. Buying a new home can be fun and exciting. Here are some other advantages:
New homes offer customization and flexibility. They can be easier to customize than resale homes since you can choose many details ranging from floor plans and paint colours to faucets and light fixtures. You might pay a little more for the additions but keep in mind builders and developers will often upgrade materials and appliances for you at below retail costs. All you will need to do is move your furniture in! New homes today are built better than ever before due to today’s more stringent building codes as well as public demand for higher quality homes. Remember the debacle of “leaky condos” in BC? A lot of new developments today are also much more energy efficient due to better windows, more efficient heating and cooling equipment, and greater use of insulation. New developments in BC and Ontario for example often possess more safety features and more environmentally friendly construction to conform to today's building codes. New homes in Canada are built with new innovative materials and fitted with brand new state-of-the-art appliances. If you are considering a resale home and you prefer stainless steel appliances, be prepared to purchase the existing appliances before upgrading them. All major appliances and systems installed in new homes often include manufacturers' warranties. Many homebuilders in Ontario, BC and Alberta offer warranties in case certain problems develop over time. New homes in Canada features modern architecture and conveniences such as built-in storage, heated floors, walk-in closets, en-suite bathrooms and even media rooms Many new homes, especially in Ontario are constructed with materials requiring less maintenance and more weather durable, such as aluminum or steel roofs, vinyl windows, and pressure-treated wood decks that resist rot and insects. New homes are more apt to be wired with new technologies such as high-speed Internet connections, extra cable outlets, alarm systems, remote control lighting and even built in sound systems.
Whether you’re buying a new home in BC, Ontario or Alberta, always keep in mind that you should research the developer or home builder as well as their build quality and their past successes. Although you won’t need to do a home inspection when purchasing a new development, it’s a good idea to do a little research on the home builders’ history and reputation. Think resale also. The better the build quality, the higher your resale value will be when it comes time to sell.
Quite often, due to better build quality and maintenance, new homes, especially condos, townhomes and lofts in BC and Alberta may have higher strata fees. Make sure that you find out what those fees are and what they are used for. Also keep in mind that you will have to pay GST on new homes in Canada.
If you are considering purchasing a new home in Canada, keep these advantages in mind the next time you visit a showroom near you.
Copywright CanNewHomes.com
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