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 Floor plans are outdated as well as Kitchens, Bathrooms, Floors etc.Buyers sometimes need to update common needs for a home such as Roof, Furnace, driveway, windows, Landscape, etc.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