Your gut is right \u2013 it\u2019s always better to buy a new home.<\/p>\n
New vs. old is always a hot conversation when it comes to the home buying process. Ask any of your family and friends, and you\u2019ll probably get a variety of different opinions. Some say that new construction homes are a waste of money, and used homes are just as good. Others say that new construction homes are the better choice. The rest\u2026 well, they couldn\u2019t talk because they\u2019re too busy renovating their older home.<\/p>\n
1. They are built to last.<\/em> To make matters worse, cities are filled with so many different options. New homes and amenities are popping up all over the place in growing neighbourhoods. It\u2019s hard to visualize where you\u2019d fit in and what would best suit your lifestyle. Endlessly scrolling through listings and researching what\u2019s nearby is enough to make your head spin.<\/p>\n If you\u2019re looking for a new place to live or an investment property, it\u2019s worth considering a new construction home. You\u2019ll get everything you were looking for but couldn\u2019t find in the resale market, plus the peace of mind that comes with knowing you\u2019re covered by warranties and guarantees.<\/p>\n New construction homes have plenty of features that make them better than used homes. Top notch energy-efficiency, brand new appliances, the latest in modern designs, customizable fixtures and quality guarantees are all major benefits that you just won\u2019t find if you buy a pre-owned home. New construction homes are built to last<\/strong><\/p>\n While the charm and character of that 1920\u2019s Art Deco style home you\u2019ve been eyeing is appealing, it might be worth remembering that lead-based paint was used in homes up until the late 1960\u2019s and asbestos wasn\u2019t banned as a building material until 1989. It seems crazy now, but for a long time these dangerous materials were considered the gold standard in home-building materials. Many homes built before the 1990\u2019s still contain asbestos somewhere in the structure.<\/p>\n Thankfully, we learn from our mistakes, and building standards have come a long way since then.<\/p>\n The construction industry is constantly evolving based on the latest innovations in materials and building methods. While older homes used materials that were sometimes dangerous in the long-term and were only estimated to last for decades, new homes are built using tested materials that are estimated to last centuries. As building codes update to keep homeowners safe, so do the techniques used to build new construction homes.<\/p>\n Concrete foundations, modern insulation, timber frames and tile floors can all last more than 100 years without needing to be replaced. Most brand-new modern appliances will last more than 10 years as well.<\/p>\n This can be a huge relief for anyone who\u2019s not looking to do any major renovations or replacements any time soon. Doing repairs in older homes simply to replace outdated and decaying material can become costly and frustrating.<\/p>\n New construction homes are more energy efficient<\/strong><\/p>\n One of the most common complaints about older homes is that they\u2019re too cold in the winters and too hot in the summers, no matter how high you crank the furnace or air conditioner. The culprits for this problem are often old windows and insulation.<\/p>\n Don\u2019t write those drafty windows off as just a quirk of an old home. Cold toes aren\u2019t the only problem for homeowners who find themselves in this situation. Those seemingly innocent air leaks can be a nightmare for your hydro bills as your furnace and air conditioning suck up more energy to heat and cool your home. Depending on the age and condition of your heating and cooling systems, the appliances themselves might be costing you more in hydro than newer, more energy efficient units.<\/p>\n Drafty windows and poor insulation can also affect your health. According to this article from The Washington Post, air leaks can lead to reduced air quality, pest infestation and mold from moisture buildup \u2013 all things that no homeowner wants to deal with.<\/p>\n \u201cIf you have a drafty home, you\u2019re exposing yourself to a lot of outside elements,\u201d says Eddie Zielinski, a Lowe\u2019s store manager in Harper Woods, Mich.<\/p>\n Drafts can reduce air quality inside your home, let water in (creating a potential mold problem) and lead to pest infestation.<\/p>\n \u201cThere can be a domino effect depending on the size and location of the openings,\u201d Zielinski says.<\/p>\n Thankfully, new homes are far more energy-efficient and better sealed from the elements than their predecessors \u2013 allowing you to save money, time and get a better night\u2019s sleep.<\/p>\n While any home can be upgraded to become energy efficient, newer homes are built that way already. Modern construction standards optimize energy efficiency by default, and new homes are built using better building materials than homes of the past. Many have built-in eco-friendly features like energy-efficient appliances and integrated geothermal heating. If these aren\u2019t a part of the original plans, you have the option to ask your builder to include them.<\/p>\n New construction homes come with warranties<\/strong><\/p>\n Nothing\u2019s worse than moving into a new space and suddenly realizing something is definitely, seriously wrong. Maybe the roof needs to be replaced, or the heating and cooling systems are older than you realized.<\/p>\n Every moving process has a period where you start noticing all the quirks that you didn\u2019t see in the showings. But you\u2019ve already spent a significant amount of money on buying your home, and the last thing you want to do is uncover an issue that you weren\u2019t prepared to pay for.<\/p>\n This is where warranties are a lifesaver. Most new construction homes come with warranties that cover things like defects in work, materials and major structural items. They\u2019re a really important part of the buying process and can often be the difference between a good and bad home ownership experience.<\/p>\n Some warranties cover more than just the standard package, so make sure to ask your builder what\u2019s included.<\/p>\n New construction homes are often built in better locations<\/strong><\/p>\n You might have heard the term \u201cup and coming neighbourhood\u201d a few times in your search for a new house. But what makes a neighbourhood up and coming? The answer is new construction.<\/p>\n Developers aren\u2019t just building homes wherever they find space. A lot of careful planning goes into new communities, which often puts new construction homes in close proximity to schools, grocery stores, public transit and retail corridors.<\/p>\n Parks, recreational facilities, playgrounds and outdoor seating areas are common in new development planning. These life-enriching features are why most new communities have homeowner\u2019s associations (HOA). While HOA\u2019s add slightly to the annual cost of living in a new development, the fees often go into maintaining common areas around the neighbourhood.<\/p>\n According to Florida-based realtor Jim Woelkers, location is one of the most important considerations in the home-buying process.<\/p>\n \u201cLocation is a really big deal when it comes to choosing a home,\u201d he said. \u201cIt\u2019s not just about aesthetic \u2013 it\u2019s about finding a place that suits your lifestyle. You might fall in love with a house, but if it\u2019s too far from the things you have going on in your life, ultimately it\u2019s probably not the right place for you.\u201d<\/p>\n New construction homes can be customized to your specific needs<\/strong><\/p>\n Maybe you\u2019ve been dreaming of having a bathtub that\u2019s deep enough to let the water cover your shoulders and your knees while you relax in the bubbles. Maybe the chef of the family has their heart set on marble countertops and a six-burner gas stove. The only problem is that you just can\u2019t find those features in any pre-owned homes on the market.<\/p>\n Pre-owned homes might not have some of the features you\u2019re looking for and adding them into a home with a pre-existing design flow can get expensive.<\/p>\n New builds are easily customizable to suit your style preferences. Many developments have design teams that work with buyers to choose the finishes of the home while it\u2019s still in the construction phase. This means you get to plan your home around your lifestyle, and on move-in day it will already be suited to meet your needs.<\/p>\n \u201cEverybody has a checklist of items that they really want from a home,\u201d said Woelkers. \u201cIn the pre-owned market, we\u2019re seeing people get something that might only check half the boxes. In new homes you get to be picky about those things. You get to pick out your own selections and make the house more yours.\u201d New construction homes are a great investment<\/strong><\/p>\n Remember the previous point about new homes being built in better neighborhoods? Those nearby schools, grocery stores and transit routes mean your home will be even more attractive to other buyers if you choose to sell in the future. Homes with new appliances and modern features in up-and-coming areas typically appreciate in value over time. Thankfully, these are all benefits that you can expect from a new construction home.<\/p>\n \u201cTypically speaking, if you can get in the early phases of a development then you know you can get the benefit of appreciation as new developments are built in that community,\u201d he said. \u201cA lot of the times new construction is nice because you get the benefits of them continuing to build it out.\u201d<\/p>\n While your home may not be brand-new by the time you decide to sell, it will still have most of the same appeal to potential buyers that it had to you. Homes that have only had one previous owner are often still in good condition. Appliances still have some life left, damages won\u2019t have accumulated as much as older homes and the chain of ownership is easier to understand.<\/p>\n New construction homes make great investment properties, too. If you decide to use your new construction home as a rental property, you likely won\u2019t have to deal with the increased maintenance costs that it typically takes to keep an older home in good condition.<\/p>\n New construction homes just feel “new”<\/strong><\/p>\n Sometimes, new just feels better. From fresh paint to brand new appliances, new construction homes give you a clean slate feeling that just can\u2019t be found in a pre-owned home.<\/p>\n According to Builder Magazine, one of the top reasons why millennials love new builds is because ….. Well, they\u2019re new. No one else has lived there, which makes the home feel like a blank canvas to decorate with your own memories.<\/p>\n \u201cThe simplest reason [for choosing a new home] was that the home is ready to be lived in,\u201d says Ali Wolf, chief economist for Zonda. \u201cThere\u2019s nothing like walking into a house that nobody else has slept in and with a kitchen that doesn\u2019t have the smell of thousands of previous meals baked into the walls.\u201d<\/p>\n The smell of a thousand cooked dinners isn\u2019t the only thing that might be living in the walls of a pre-owned home.<\/p>\n
\n2. Energy efficiency? You bet.<\/em>
\n3. Warranties give you peace of mind.<\/em>
\n4. Location, location, location.<\/em>
\n5. Customization.<\/em>
\n6. Make an investment.<\/em>
\n7. Hey, they\u2019re just newer.<\/em><\/p>\n
\nBut don\u2019t just take our word for it. Here are seven reasons why you should consider a new construction home :<\/p>\n
\nIt\u2019s an extra special experience that makes a home really, truly feel like yours. You\u2019ll never have to compromise by living with kitchen cabinetry you don\u2019t love, or lament not putting a window seat in when you had the chance. Years down the road you\u2019ll be able to look at those small details and know they weren\u2019t built for anyone else but you.<\/p>\n