Have you ever driven by a gorgeous house with a sign that said “newly constructed home” and wondered what it must be like to be the first person to live in that beautiful home?
Well, the experience of becoming a first-owner of a newly constructed house can be very exciting. Here are the benefits of buying a newly constructed home that you should know:
Design your dream home
Buying a newly constructed home gives you a lot of flexibility to design the home to suit your personality.
You don’t have to get rid of old fixtures and fittings, dreary wallpapers, and color paints, which can cost extra time and money.
You can select your favorite color scheme, add new furniture, and renovate the property to suit your personality without any hassle.
Modern floor plan
You cannot replicate the experience of living in a newly constructed home by renovating an old-style property that has tiny rooms and narrow spaces.
Newly constructed homes come with modern floor plans. It means you can expect spacious living rooms, open-style kitchen, and tall ceilings that give a new dimension to their property.
New Home Warranty
A newly constructed home comes with a warranty. The builder is liable to pay for any issue during the warranty period.
The most important components of the home, like electrical systems, HVAC, heating, and plumbing, are covered under warranty.
Therefore, you don’t have to foot the bill for repair and maintenance costs, saving you potentially thousands of dollars.
High-Rated Energy Efficiency
In light of increased environmental awareness, modern homes are designed to be energy-efficient.
The advanced constructed materials and insulation keep newly constructed homes cool during summers and warm during winters, which can help save energy costs.
The new energy-efficient appliances and HVAC provide further cost savings.
A newly constructed home is move-in ready, which makes it an ideal option for buyers who are on a strict schedule.
Most modern homes come with the latest appliances—like a refrigerator, stove, washer, and dryer—already installed.
From electricity work to plumbing, you will find everything up-to-date, allowing you to pack your bags and move in without any delay.
If you want to purchase a newly constructed home in Edmonton, contact me today! I’m Mina Gayed, a professional real estate agent and property consultant who would love to help you find your dream home. Call/text 780.994.6462 to find out more!
Did you finally find your dream home in Edmonton? Congratulations! Browsing through all those property listings has finally paid off.
But before you close the deal, make sure you make sure you have a complete home inspection done to avoid unexpected problems later on.
Here are five reasons not to skip a home inspection:
A home inspection service can help identify potential safety hazards like invisible airborne toxins, carbon monoxide, and mold infestation.
Skipping home inspection can put you and your family at risk of breathing in dangerous particles and gases, which can lead to the development of severe health problems.
If the home inspection report mentions any of these hazards, you must withdraw your buying offer and look for other properties.
Some people think that home inspections are unnecessary expenses, but that’s not true at all. A quality home inspection can save you thousands of dollars in the long run.
Home inspectors diagnose the current condition of the home structure and estimated useful life of components to help you learn about the actual condition of the property.
A home inspection report helps you learn about repairs and maintenance requirements. If a property needs extensive work, you may consider backing out of the offer.
A home inspection service will help reveal any unlawful additions or installations made in the home, for instance, a basement without a legal permit.
Buying a home with additions that don’t meet legal compliance can affect the value of your home and become your financial problem to fix.
Moreover, it will also affect your home insurance and tax rates. A home inspection report will help you learn about any illegal additions in advance to prevent compliance issues.
Many home insurance providers require a residential property to fulfil certain conditions to approve a homeowner’s insurance.
If the residential property that you want to purchase wasn’t inspected recently, you might require a 4-point inspection to qualify for a standard policy.
Inspections allow insurers to estimate a property’s coverage requirements. Your home inspection report will fulfil their criteria and help you secure a policy without any hassle.
Negotiate a better price
The home inspection report allows you to appraise the property on its merits and allows you to negotiate a lower price.
You can request the seller to reduce the price to account for pre-existing repairs expense to reflect the fair value of the property. On the other hand, you can ask them to get the repairs done.
More often than not, sellers agree to reduce the price or at least meet you halfway, which can save you thousands of dollars.
Are you planning to buy a new home in Edmonton, get in touch with me today! I’m Mina Gayed, a professional real estate agent and property consultant who would be glad to help you find your dream home. Call/text 780.994.6462 to learn more!
The home buying process is complex and takes time, even for seasoned buyers. There are different aspects worth examining to make an informed choice.
For many people, buying a home is the most significant financial decision of their lives; therefore, it’s important to get it right.
If you’re planning to buy a new home, here are five important things you must consider before you seal the deal:
Choosing the right location
Location is the most important factor. You should ideally look for good neighborhoods that are sync with your lifestyle.
You may also look for easy access to school, work, amenities, and places you frequent the most, to avoid a long commute.
The location within the neighborhood is also important, i.e., whether the property is away from the traffic or near the main entry, depending on your lifestyle and preference.
Number of bedrooms
The number of bedrooms depends on your housing needs. Look at the number of members in your family.
If you have two kids, you probably need at least three bedrooms. If you plan to grow your family, then you might need an additional bedroom.
Moreover, if you host family members or take care of aging parents, you might need a guest bedroom.
Having a spare bedroom can be useful as it can be converted into an office, home gym, playroom, etc.
The layout of the kitchen
The kitchen layout is also a crucial factor when buying a new home.
Most new homes come with a modern and spacious kitchen with lots of counter space and additions, which is ideal for large families or those who enjoy cooking at home.
But, if you have a small family or a busy schedule that doesn’t allow much time in the kitchen, a modest kitchen might be enough.
Discuss the preference of your kitchen with your family members to make the right choice.
Evaluate the costs properly
You should always look beyond the price tag of the property. There are many costs associated with a new home, including homeowner association fees, insurance, taxes, and closing costs.
Moreover, you should also consider home improvements and maintenance costs to make sure you pick the home that’s within your budget.
Buy the home you know you can afford irrespective of the amount of mortgage that you got approved.
Partner with a property consultant
Team up with a reputable property consultant to buy your dream home.
They will help you find the properties that match your specific criteria and negotiate a better price on your behalf to get you the best possible deals available in the market.
In a nutshell, they will make your home buying process more comfortable, enjoyable, and less time-consuming. Your Real Estate Agent Edmonton will also help you complete your financing and inspections.
If you’re looking to buy a new home in Edmonton, reach out to me today! I’m Mina Gayed, a professional real estate agent and property consultant who would be happy to help you find your dream home. Call/text 780.994.6462 to get started!