Should You Buy a Newly Built Home?

When you’re thinking about buying a new home, you have lots of options to consider. One of the things you need to think about is whether you want a newly built home. It’s easy to find brand new developments of homes, many of which aren’t even complete yet. There are both pros and cons to buying one of these properties. Deciding whether it’s the right choice for you can take you a long time. Is it better to look elsewhere, at properties that are at least a few years old? Ask yourself the following questions to decide if a new home meets your needs and desires.


Pic from Karen Arnold

Do You Want a Property with “Character”?

When many houses are built at once on the same development, they won’t all be unique. In fact, they’re likely to look almost identical to each other. There will be some variations on size and numbers of bedrooms, among other things. But your house is likely to look a lot like your neighbor’s house. That can be true for older properties too, but they can also hold a lot more of the character that some people want. It’s not that newly built homes aren’t smart or even beautiful. However, they don’t have the quirks and unique elements that many people find charming about older properties. They don’t look lived in yet, because they haven’t been.


Pic from Paul Brennan

Are You Hoping to Save?

Newly built homes can be excellent choices if you want to save money. Not necessarily because the initial price is lower, but because they’re brand new. Everything works, and should do for a long time. With older homes, you might have to start maintenance as soon as you move in. You could spend a lot of money on maintaining your property. What’s more, new homes are usually built to be more eco-friendly. You can save on your heating costs with a better-insulated property, for example.


Pic from Marcus B Smith

Do You Want to Customize Your Home?

Any home is customizable, but with a new property, you can have it how you want before moving in. Many developments that are not yet complete allow you to choose select features. For example, you might be able to choose the colors for your kitchen or the materials used in your bathroom. With an older home, you would have to move in and then find the time and money for renovations. Customizing your new home will be included in the price, and you can wait for it to be complete before you move in. Look for developments like the ones by Bloor Homes for options to choose some of the cosmetics in your home.


Pic from CK Hatcher

Is It a Good Investment?

It’s important to consider whether buying a new home is a good investment. On one hand, the maintenance costs should be lower. However, many people point out that new homes are at their high point in value. It’s difficult to improve on them if you want to sell soon. If you intend to stay for a long time, perhaps forever, a new home could be a better choice.

You might decide that a newly built home is for you. If it’s not, there are plenty of other options, including building a custom home.



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