Buying old or new?
What’s best for you?
Buying a home is an exciting time. Whether you're
looking for a townhome, apartment or detached home deciding what you
want to buy is an important decision. Part of this decision is deciding
if you want to purchase a resale or new home.
The time is right for buying. Low mortgage rates
and government incentive programs account for housing affordability.
When looking for a home, a realtor will be able to
assist you every step of the way in your search. You'll want to look at
and compare homes that are both old and new before making a decision.
Depending on what type of home your looking for,
the area, the price range and other amenities, there are advantages to
buying both older and new homes. Here's a look at both.
Why buy an older home?
older home, you often get the advantage of improvements made by
You can see
what you are getting and don't have to try and picture the completed
home from a set of blueprints.
are any structural faults they are clearly seen and can be or have
neighbourhood is built up and its character has been established.
landscaping is in place and trees are mature.
generally fewer immediate move-in costs, because basic features such
as window coverings and lighting fixtures are already installed.
Why buy a
more flexibility with a new home in customizing your décor and
landscaping to suit your tastes. You get fresh, unblemished walls
and you can usually choose the type of flooring, carpeting and
cupboards you want.
new homes, you generally get much more storage space and larger
minimum standards for plumbing, electrical, insulation and heating
systems are higher than ever.
land values tend to increase during the first few years as
neighbourhood services develop and the subdivision nears completion.
what type of home you choose - old, new, or in-between - be sure you
examine all your options first, so that you and your family are happy
with your final choice. Your realtor will assist you in finding the
right home for you.