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call 416.902.0095 mail ash@ashtewary.com location_on 6850 Millcreek Drive, Mississauga ON

Tips for Buying a New Construction Home

August 23 2022

Planning to buy a new construction house, you must know that it comes with many advantages including energy efficiency, no worn-out parts which need repairs, additionally you can make the House the way you want. But there are some things you need to consider regarding new home construction. You can connect with Top Real Estate Agents in Brampton from Team Ash Tewary to get your hands on the best new construction house.


Weigh All Your Pros and Cons

There is no better feeling than staying in a newly built home. And the best part is details that are untouched by anybody, and everything is new. If you do not know what pros and cons you have to look for, you can ask to hire a real estate agent in Brampton as they are well trained and also know what to see in a house.

You can buy a brand-new house in 3 ways like a newly built house and specifications: having a custom-built house as part of development or having a customized home design per your specifications. But before you get caught in the sparkling paint or granite countertops, you must understand the situation and check if the new construction house aligns with your needs and budget.


Connect With Your Agent or Lender 

When you connect with a free home value estimator in Canada, they will ask you some questions. But before you hire a real estate agent, you must research the interview and check the best deal. You also need to know that the agent works for the builder also, and they did not just work for you, so you have to make the right choice. If you have an agent, you must tell them what you want to check in a new house and how you would like to get going.


Research About the Builder and The Neighbourhood

You must ensure that the builder you have chosen delivers the best quality product and has various satisfied clients. One of the best ways to verify its good standing is with the construction contractor board. You also need to ensure that there is no pending judgment or any disciplinary action which would be taken against any company. It would be best if you were not afraid to check out what neighbourhood you would like to live in. When looking for a community, you should look for new house construction and check MLS listing Brampton Ontario.

Be Aware of The New Construction Timeline
Besides, the cost you must also consider while choosing the personalization option is the timing. You have to check the overall timeline for constructing the new House as it can be unpredictable due to vendor dealers or delayed orders to some logistics issues, including permit approval. Depending on the size, the building can take around 5 to 7 months, but it is generally not uncommon for it to take at least if some delays are happening along the way. You can always choose the option that aligns with your current living if you are looking forward to buying a new construction home.

You Should Not Expect Any Price Reduction

No doubt it happens, but overall, you must know that the builders have established some set of prices that they might feel best makes the product marketable with a minimum profit margin. Additionally, minimizing the cost of the House drops the compatible value of the houses in the community will bring the entire suite of the houses down in that price. Ideally, an up-resale home is the one that is not being built in the yard but will be slightly higher in price than a home that the builder has already erected as a specific house. You need to know that often these homes are not sold for some time, and then they do not go down in price; instead, they rise in price.

Understand the standard and the additional snacks line. It would be best if you always asked the builder about the amenities and the upgrades. Amenities are ideally the features that will benefit the community, including the health and fitness centre or the clubhouse. The added features include items you must pay extra to improve your home, including some appliances or flooring. You can use the real estate calculator to know about the amenities' correct price or the added features.

Conclusion

Hence you need to consider the resale value in the back of your mind to get an estimate of the returns you would be earning. It would be best to consider these factors when buying a new construction house. Team Ash Tewary is the leading top real estate agent in Brampton & believes in providing the best services.  

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