July 28, 2020 - 2 min read
The advantages of buying new construction vs. resale
There is definitely something to be said about the experience of moving into a brand-new home that nobody has ever lived in before – especially the feeling that everything has been placed there specifically for you. If you’re someone who prefers a turnkey space, with open floor plans with modern designs and isn’t interested in unanticipated surprises from an older resale home, purchasing a new construction home is the way to go.
Buying a home in the pre-construction phase allows you to get ahead of the market which means you select your desired home at the best possible price. You’re essentially locking in a price today on the assumption that the property’s value will only increase during the construction process and will be worth more once completed.
In addition, a staggered deposit structure (smaller payments over a set period of time, instead of a full down payment up front) gives you more time to save, making it an ideal option for people who are not yet ready to move but still want to secure a spot in an ever-changing market.
Layout & Design
When you purchase a new construction home, you will not only have the opportunity to select your desired floor plan and lot, you will also have the ability to customize your décor finishes to your own personal taste - from the cabinets to countertops, flooring, fixtures and more. And with the direction of a décor consultant, there is no shortage of options to choose from. You end up with a brand-new property that has been completely customized to your style. With a resale home however, what you see is what you get - so if the kitchen or bathroom is not to your liking, you will have to take on the added and often expensive cost of renovations.
In comparison to older homes, newly built homes also offer floor plans that maximize square footage, offer more natural light and deliver open concept designs that better suit the needs of what homebuyers are looking for today.
Construction Quality & Energy Efficiency
Builders nowadays use a number of new construction techniques that create better insulated, more energy efficient and increased quality homes. These include insulation and air sealing, heating and cooling, energy efficient windows and appliances, LED lighting and more. Older homes will not offer the same technologies since most were built several years ago (sometimes even decades ago) where such building standards and technologies did not yet exist. So, whether you are conscious about the environment and trying to reduce your carbon footprint, or just trying to save a few bucks on your energy bill – a new constructed home might be for you.
Read more about our Energy Star certified homes here. Each and every Maple Brook home features environmentally friendly features like high efficiency forced gas central heating, HRV, a rough-in for central air conditioning, a metal insulated entry door with glass insert and high-quality weather stripping, and upgraded insulation throughout.
When you purchase a new construction property in Ontario, you are covered under warranty by Tarion. Tarion was created to protect consumers of new homes by ensuring that builders abide by provincial legislation and is the main reason why Ontario’s new homes consistently meet very high construction standards. Not only are you able to do a Pre-Delivery Inspection before you’re given the keys to your new home, but you are protected under Tarion Warranty for 7 years covering anything from water damage, to major structural defects that may occur in a home.
Protecting your home investment with routine maintenance is a must – whether you purchase new or resale. However, the newer the house, the less maintenance required, meaning the chances of having to fix a leaky roof or a broken pipe are virtually nonexistent. In addition, the peace of mind of having your Tarion warranty is not only a big financial benefit, but a nice relief in the years following a major purchase.