Many dream of owning their own home. And it’s no wonder why. It’s a place you can make all your own. And a place where you’ll make many memories in the years to come.
When the time comes to purchase your first home, many are faced with the same question. Should I buy new? Or should I purchase an older home?
There are a lot of perks with buying a new home over an older home. How so? Let’s dive in!
You Won’t Have Any Immediate Repairs
The great thing about a new home is that it’s new. Older homes frequently come with repairs or updates. You don’t end up just buying a home. Instead, you end up buying a renovation project. With a new home, you are guaranteed years before any repairs or major parts need fixing. The appliances, air conditioning, heating, plumbing and everything is new. Plus, it’s modernized – meaning there is no need for renovations to take place, at least not any time soon.
You Get To Customize
If you build a new house, you get to choose the fixtures, flooring, cabinets, layout, and much more. You get to make it yours. Building a new home also means getting to experience the various stages of construction. It’s exciting to drive by and see that the foundation has been laid. You get to see your dream become a reality.
Your Monthly Bills May Cost Less
With new appliances and systems, you get the latest energy efficient options. This means you can save big on utility bills. These monthly or recurring bills tend to be higher for older homes – their systems aren’t as efficient and thus, tend to cost more. Plus, the latest technology is often built into the home. If you have your home built, you won’t need to start making holes in the walls for new internet wiring or cables.
You Get To Choose Where You Live
… for the most part. You have options! What part of town do you want to live in? You get to choose. You can even scout out potential neighbourhoods. Check and see what’s around. Ask your builder what neighbourhoods they are currently building in. With older homes, you get whatever is on the market. And it might not be in your ideal neighbourhood. Building new is often in newer areas with a lot of future development opportunity. Again, ask your homebuilder where they are building and assess your options from there.
Most importantly, have fun with it! Be patient with your new build. Dreams take time to come to life. Relish the anticipation – it’s half the fun. Buy new and enjoy all the benefits that come with it!
Kurtis Forster is a real estate agent for Team Forster in London, Ontario. He brings a wealth of knowledge and expertise about buying and selling real estate. Their team focuses on London, St. Thomas, Dorchester & surrounding areas.
Are you looking for a home to buy or sell in London, get in touch with us today!