New Home Construction VS. Resale Homes in Vaughan Real Estate

Here are just a few ideas when considering a New Home Construction as opposed to a resale property.

Whether you decide to design and construct a brand new home, or purchase a resale property is a big decision when purchasing a home. The only one who can determine what best is you. You should look at the pros and cons  and compare. I going to give you a few ideas in this blog.

 

What is appealing to home buyers when considering a New home construction is the fact that one can choose their own design and decor. Also, everything is new, and that can be appealing to the majority of Buyers.    New homes have modern layouts that support modern life-styles and technology.

 

In Vaughan Ontario there are also a some disadvantages in Buying a New Vaughan Home.  The H.S.T, oh yes the dreaded Harmonized Sales Tax, applies to New Home Construction.  Its tough to come up with a down payment and if Buyers put most of their down payment towards a The H.S.T, this could be very unappealing. The new home doesn’t come with trees, shrubs, Fences, appliances, window coverings and other finishing’s. Buyers could also expect very small lots.  Having dust on your vehicles for a couple of years while the subdivision is being completed can also be a deterrent. Oh and don’t forget about the levies and service hook-ups. The builders don’t mention these costs, but believe me they are not going to take on the expense.

 

There are several advantages to finding a resale. If a Buyer has their heart set on moving to an urban neighbourhood in a specific area, your only choice might be to purchase a resale property. Resale homes are frequently in long established neighbourhoods with mature landscape designs and lots of charm. They usually come with bigger lots. Many resale homebuyers also find that they can put off purchasing house decor items and appliances, because most resale’s come with appliances and window covering and also electrical light fixtures. Frequently, homebuyers modernize their resale purchase, which will raise the value of a resale property far more quickly than is possible with a new home construction. Yes the H.S.T does not apply to Resale Homes in Vaughan Real Estate.

 

There are some cons as well. Floor plans are outdated as well as Kitchens, Bathrooms, Floors etc.Buyers sometimes need to update common needs for a home such as Roof, Furnace, driveway, windows, Landscape, etc.

 

In the end, choosing a new home construction or a resale home is a tough choice. Most times it comes down to Fianancing and Location.. If the homebuyer knows what they are looking for, then this list of advantages and disadvantages should assist in making decisions easier..
If you are considering a move to Vaughan Ontario, consider speaking to John Rossi, an expert in Vaughan Real Estate. http://www.VaughanHomeSales.com , http://www.RossiDuo.com

 

CREA vocal on Tuesday. Housing resales increase 18.5%

 
CREA vocal on Tuesday.
(CBC)
Housing resales increase 18.5%
15/09/2009 11:31:31 AM
CBC News 
Home resales amenable steady on a monthly origination in August, but increased by 18.5 per cent compared
to the same time last year, the Canadian Real Estate Association said Tuesday.
A total of 42,483 homes traded hands across the province as recorded by the MLS listing service.
The annualized gain represents the questioning consecutive year-over-year gain of more than 15 per
cent, and it’s the largest year-over-year seal consequence supplementary than two years.
Sales volumes were up in most major markets across the country, led by a 117 per cent gain in
Vancouver.
According to the MLS listing Service, the national residential average price rose 11.3
per cent from a year-ago levels to $324,779.
“A rebound in activity at the most acquire of the price spectrum moment some of Canada’s priciest markets
is skewing the family average price upward,” the creator said.
The August remuneration usual side with records in every province except Alberta.
Listings down
The add of new listings understanding the eighth consecutive languish from a year-ago levels. Extra
residential listings were down 8.9 per cent year-over-year to 64,167 units, the lowest level for the
bit of August in five years.
Fewer listings coupled obscure prominent demand is drawing down inventories, the agency said. There
were 212,227 homes listed being for sale in August, down 13.3 per cent from last year’s levels.
That was the fourth consecutive year-over-year decline in listings, and the largest decline in
six years.

John Rossi
Sales Representative
RE/MAX WEST REALTY INC.
www.rossiduo.com
www.Vaughanhomesales.com
416-578-7675

Vaughan Ontario

Hello everyone, my name is Giovanni Rossi. Everyone calls me John. So what right. I agree. You’re here because we both share the same sediments. We love Vaughan. As far as I’m concerned we live or would like to live in one of the most desirable areas anywhere. Here is a little information of the world’s best past to live, in my opinion.

Vaughan is made up of:

•Woodbridge, Ontario, North to South – Teston to Steeles, East/West – Hwy 400 to Hwy 50
•Maple, Ontario, North to South – King Vaughan Line to Rutherford, East to West – Bathurst to Hwy 400
•Thornhill, Ontario, North to South – Rutherford to Steeles, East to West – Yonge to Dufferin
•Concord, Ontario, North to South – Rutherford to Steeles, East to West – Dufferin to Hwy 400
•Kleinburg, Ontario, North to South – Major Mac to Kirby, East to West – Pine Valley to Hwy 50

Ethnic Origin
Population
Percent

Italian
79,835
43.96%

Jewish
33,705
16.90%

Canadian
18,950
10.43%

English
9,345
5.14%

East Indian
8,930
4.91%

Chinese
7,435
4.09%

Russian
6,490
3.36%

Polish
5,855
3.22%

Irish
5,635
3.10%

Other
3580
1.97%

Vaughan boundaries

Statistics Canada reported that Vaughan is one of southern Ontario’s fastest growing cities. In the last four years the population has grown Thirty Seven percent.

S

Some Features and Attractions

•Baitul Islam Mosque, Canadian Head quarters of Ahmadiyya Muslim Community and one of the largest mosque in Canada.
•Boyd Conservation Area, park located between Woodbridge and Kleinburg.
•Canadian Soccer Hall of Fame and Museum
•Canada’s Wonderland, Canada’s largest amusement park located in Maple.
•McMichael Canadian Art Collection, located in Kleinburg.
•Thornhill Town Centre, Vaughan’s unique town centre located in Thornhill.
•Vaughan Mills, a huge mall with something for everyone, was constructed in Vaughan in 2004.

Transportation

Since traffic on the roads of Vaughan continues to increase, York Region Transit, put Viva buses into motion. The Viva buses only stop for people to get on and get off at Viva stations. At every Viva station you will find there will be a ticket vending machine, there will be a clock to tell you when the next bus will stop there.