Check these homebuying tips from experts

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A newly constructed home presents numerous advantages, notably the clean slate for owners to begin anew.

In many regions, the demand for new homes has surged due to limited options in the resale market. Statistics from various sources reveal significant price increases in certain areas for single-family detached homes, while others have seen stable prices.

Despite these trends, there has been a noticeable increase in new home sales year to date in various locations.

If you're contemplating buying a new home, consider these tips to navigate the process smoothly:

  1. Schedule walk-throughs strategically: Arrange walk-throughs during various construction stages, especially for hidden elements like soundproofing and waterproofing, to ensure you're getting what you've paid for.

  2. Be cautious of price escalation: Try to secure a fixed purchase contract to avoid unexpected cost hikes due to labour and material price fluctuations.

  3. Engage a home inspector: Even for new builds, hiring an inspector after six months of occupancy can uncover potential issues before the warranty expires.

  4. Consider location zoning: Be mindful of adjacent land zoning, especially regarding potential changes that could impact your home's surroundings in the future.

By heeding these tips, you can navigate the process of buying a newly constructed home with greater confidence and avoid potential pitfalls along the way.

 

Source: Calgary Herald

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