Summer is the prime season for buying homes. As a buyer, to avoid buying a lemon, you need to take precautions when viewing potential homes. There are two options when it comes to buying: Buy new or buy old. Which option would be the best for you? In the next few entries we will discuss the pros and cons of both options and allow you to decide which one suits you best. In this entry, we will provide you with some of the advantages and strong selling points when it comes to buying brand spanking new.
Advantage #1: Better Customization
Homebuilders are now allowing the buyers to contribute to the property design, which helps to tailor the living space to the customer’s needs and tastes. Putting a personal signature on your new home is very alluring and is only feasible when it comes to new homes.
Advantage #2: More Efficiency
Building codes have mandated higher energy-efficiency standards, and homes are now built with greener concepts in mind. The structure of newly-built homes is often tighter to prevent conditioned air – cool or warm – from escaping. Furthermore, the appliances, such as stoves, washing machines, and refrigerators, are often more energy-efficient than before, which greatly helps to reduce utility bills.
Advantage #3: Fewer repairs
The features of a new home should be better than the older ones, as they have not weathered through years of wear and tear yet. When buying previously-owned homes, many people find the need to renovate, such as replacing the carpets or repainting the walls. However, with new homes, the need to change is practically non-existent unless you are really keen on putting your own style into every living space.
Advantage #4: Warranty Benefits
New homes often come with property warranties, which ensure that the customers are protected should the builder fails to abide by provincial construction standards. This really is a safety pill for many potential buyers, as often one of the biggest worries to buying new is what if the unthinkable happens.
Advantage #5: Better financing
For first-time house/new-home buyers, there are often mortgage-financing perks available through their builders. It is not uncommon for large home-builders to have their own mortgage companies that new buyers can take advantage of to decrease their own financial burden. Moreover, banks also offer incentives if you are buying new, which adds another reason to consider buying new.
There are many logistics to consider when buying a new home. The more information you have on a property, the better position you will be in to buying it in a smart way. If you would like assistance to help you make the right purchase of real estates for sale in Kitsilano, please refer to my Listings page.