SAFETY
A brand new home must meet the most up-to-date standards for fire prevention and all other dictates of the current building code.
MODERN APPLIANCES
Most builders outfit new homes with new, warrantied modern appliances, saving you the cost and effort of sourcing them on your own.
Drawbacks
SMALL LOTS
Over the years, the escalating cost of property has led to skimpier lot sizes, meaning most new homes have smaller yards and closer neighbours.
COOKIE CUTTER LOOK AND FLOOR PLANS
Housing developments can be known for repeated styles that lack originality or distinction. Unless the home is custom built to specifications, a house that is already constructed almost always involves compromising, whether in layout or esthetics.
UNFINISHED BASEMENT
Brand new homes are usually sold with unfinished basements. Depending on your plans, this can be a negative as it will mean added costs when you remodel, (however some buyers who prefer to customize may see its advantages).
LANDSCAPING TO BE DONE
When purchasing a new home, you’ll want to allot a budget for landscaping and have patience as your planting will look sparse at first and take time to mature. The cost to install a driveway and fencing will be other major expenses to plan for.
WINDOW AND STORAGE TREATMENTS NEEDED
These may seem incidental but the price of things such as window coverings – already in place in an older home – can add up.