Almost everyone likes to buy brand new things when it comes to the material purchases like car, appliances, clothing, house and more. Brand new is exactly a new thing that has never been used before. The demand for brand new is increasing and obvious and the case is same when it comes to buying a home. Most of the people prefer to buy a newly built home that represents their lifestyle and the home with brand new properties that have never associated with other’s feelings and history. Whereas some people still prefer to buy resale over the new-construction. Each category has its own pros and cons and that’s why buyers caught between these options. You also stuck between new-construction and resale. Let’s weigh the pros and cons of buying a newly built home.
Buying New Construction-The Pros
Desired Features And Floor Plan:
Basically, there are three ways to buy a new construction. First one is to choose location, hire developer and custom design your home. Second is buying a brand new home directly from the builder and the third is having a new home or condo as a part of a development or community. In the last option the buyer has choice to choose the flooring, floor plan or paint colors. All these ways are good but the first is time consuming that’s why people are more likely to buy Regina condos and homes from the developers because the newly built constructions. Because such houses and condos have a good layout, wide and modern floor plan.
More Energy Efficient:
Buying a newly built house is a great choice because they are built utilizing modern and quality construction material and brand new appliances and technology. So, reduce the energy consumption for heating and cooling, which will obviously lower the utility bills. So, whether you choose a purely custom built or pre-construction purchases, modern homes are more energy efficient.
No maintenance:
New houses and condos such as Saskatoon condos are constructed using quality and modern material. So the buyers do not have to spend money on maintenance and repairs. It is the a great financial benefit that made newly built homes more attractive.
Smart And Secure:
Newly built modern homes are equipped with the latest technology and appliances that make them smarter. High tech gadgets, internet wiring, security system, alarm systems etc are built right in modern homes.
Buying New Construction-The Cons
Price Premium:
The first major con is the price because buying a new construction is expensive. The cost or fees of hiring an agent, developer and attorney also add in the total cost that can be very expensive. In case you are intending to purchase a pre construction then you’ve to pay the cost of specifications or additional features you choose.
Risk Of Non-completion, Delay, Faulty Construction:
There are several risks associated with purchasing new built homes. Many times it is observed that the projects are closed or completed after many years because developers might not get enough orders or due to some reason they stop construction. There is also a risk of ending with a home which design element is totally different from your expectation. So, choosing a strong team or developer is highly necessary who ensure that building will be delivered within a reasonable time period.
Lack Of Mature Landscaping:
Mostly the new communities are developed on a wide land far away from the main city area. The developers are non-profits and try to utilize square foot area carefully to maximize land. That’s why the newly built houses are smaller units than the old houses having trees and backyards.
Time Consuming:
The process of buying a newly built home is hectic and time consuming. It needs a lot more time in designing and building a totally new house and the buyer has to work or visit the site continuously to make sure that nothing is going wrong. But dealing and working with dealers and agents is stressful.