Why to Buy a New Home vs. a Resale Home

From Granite Homes

It is imperative for a home buyer to make an informed decision on whether to purchase a new home versus a resale home. While there are advantages to both, the choice is a very personal one and depends on the needs and wants of the individual.

Outlined below are 5 reasons to purchase a new home over a resale home:

1. Customization:

There are many ways in which a new home can be tailored to fit the needs of the purchaser. The New home buyer will be able to pick a building location, possibly make changes to the layout of the home as well as choose the interior and often exterior finishes and colours. This allows the customer to personalize the home without compromising on items that they may not want within a resale home.

2. Building Standards:

In choosing to purchase a new home you will inevitably be receiving the most up-to-date building standards and practices. The building and electrical code is continuously updated to ensure safe building practice which inevitably leads to a more sound and efficient home.

3. Lower Maintenance Costs:

As a direct result of the up-to-date building standards you receive when a purchasing a new home the maintenance costs will be much less than that of an older resale home. As the building code now demands a tighter building envelope with higher efficiency insulation, doors and windows the cost of heating and cooling the home is reduced.

4. Fewer Repairs:

Not only are the items on a new home in better condition because there has been less wear and tear, builders are typically using as many maintenance free items on the homes to ensure items do not become defective and require repair under the new home warranty.

5. Warranty:

The Tarion New Home Warranty includes a comprehensive 1, 2 and 7 year warranty on defects in the home. As well, The Tarion Warranty begins protecting the new home buyer when the initial deposit is received and also ensures delayed closing compensation is given should a missed closing date occur. In short, the new home buyer can rest assured that the builder they purchased from is regulated and that their rights are protected.

Subsequently, with the decision to purchase a new home rather than a resale home you will enjoy more personalization, fewer issues and greater efficiency.

If you are interested in purchasing new, Granite Homes has locations in Guelph and Cambridge and is selling luxury townhomes, semi-detached homes and single homes on 30’ and 40’ lots. Contact one of our New Home Specialists to purchase your new home today!