register | confirm account | forgot password
Derek Hulewicz
RE/MAX SELECT
12650-151 Avenue, Edmonton, Alberta
P: 780-220-4224
F: 780-457-2194
Email

Tuesday, August 30, 2011 - Pros and cons of buying a new home!

Many of our clients have been asking this questions and I don’t have a definite answer but would wave my opinion one way than the other.
 

Pros:
 

1. Nobody else has lived in the home before. For some fresh and new is to be desired, for those who have allergies, buying an older home where the previous owner had pets maybe an issue.
 

2. You get to choose the style of the kitchen, bathrooms, rooms, colors, layout, appliances and more.
 

3. New homes come with warranties.
 

4. New technologies are applied to new contraction.
 

5. Cheaper to maintain due to latest in energy efficiency heating, cooling and insulation.
 

6. You don’t have to worry about asbestos, lead paint, formaldehyde, or other hazardous building products.
 

7. Generally, very basic maintains needed in the next few years.
 

8. Open concept plans and contemporary styles are available.
 

9. You can choose your own landscaping and don’t have to worry about removing the old one.
 

10. The effective age of newer home reflects its value.
 

Cons:
 

1. You may be living in construction zone for the next few years. Get used to more traffic, noise, muddy roads, and dust.
 

2. It takes a few years for new foundation to settle, you don’t know what you are facing in next couple of years.
 

3. It takes a few years for most of deficiencies to be visible like concrete condition, structural, roof, grading and water issues.
 

4. Even though you get a warranty from the builder, it is very limited and it is hard to get builders to fix any deficiencies one you move in.
 

5. You most likely have to do your own landscaping and fence which is an additional cost.
 

6. No mature trees and shrubs in the neighbourhood.
 

7. Most of the amenities, schools and parks are not built yet.
 

8. Most of newer homes are built far out from the centre of city, lack of public transportation or long commute may be an issue.
 

9. Some of the newer homes are built poorly.
 

10. You don’t know who your neighbours maybe if some of the lots are still vacant.
 

 

For me, 5 to 10 year old home is a perfect age for newer construction. I am very sceptical when it comes to building brand new. Too many cons and unknowns that are not visible and can’t be measured. At the end of the day, this is just my personal opinion and you have to decide for yourself!

posted in Real Estate News at Tue, 30 Aug 2011 13:25:00 -0600



MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search
Feature Listings Button
Button advertising your Feature Listings
Feature Listings
Home Evaluation Button
Button advertising your home evaluation feature
Home Evaluation
Data last Updated: 2019-10-21 at 18:04:16 MDT America/Edmonton
This site's content is the responsibility of Derek Hulewicz, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2019, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker