Photo by Expect Best
Many homebuyers happily purchase older homes. Such homes can have lower asking prices than new ones. Additionally, older homes tend to have character. However, there are many advantages to buying a new home too.
Whether you want to buy a new home in Ajax, or another part of Ontario, you may enjoy some of the following benefits:
#1 Good Location
You can often find new homes in prime locations, especially if you’re looking at pre-construction. Developers often choose excellent locations for their new projects, near transportation hubs, shopping centers, schools, and other amenities. Buying a pre-construction home also gives you the opportunity to customize the features and finishes to your liking, creating a truly personalized home.
#2 Lower Maintenance
Many homebuyers look for newer homes to avoid paying high maintenance costs. Here are some features you can usually find in a new home:
- Newer homes are usually made with modern materials and technologies and designed to last longer.
- Newly-made homes may have continuing warranties on materials and workmanship. Such guarantees can reduce the short-term cost of ownership.
- Older homes may have hidden maintenance issues, such as outdated or faulty electrical and plumbing systems, roofing, or insulation.
#3 Energy Efficiency
With the cost of heating and cooling spiking, it’s important to live in an energy-efficient property. And newer homes tend to have energy-efficient designs. For example, they may carry high-quality insulation, modern windows and doors, energy-efficient appliances and HVAC systems, and energy-efficient windows. Such features can reduce your energy bills significantly.
#4 Environmentally Friendly
If sustainability is important to you, consider purchasing a new energy-efficient property. An energy-efficient home usually has a lower carbon footprint. On the other hand, older homes utilize energy in less sustainable ways. Newer properties are also built with more sustainable manufacturing practices and materials.
#5 Latest Safety Features
New homes typically boast the latest safety features. You can expect carbon monoxide alarms, fire alarms, security systems, and better electrical wiring, which can help keep you and your family safe. On the other hand, older homes may not be designed for safety. The wiring may also be nearing the end of its shelf life.
#6 Nicer Amenities
If amenities are important to you, consider purchasing a new property. New homes often have the latest appliances, open floor plans, bigger closets, and more luxurious bathrooms. Some new homes also have smart technology, such as smart lightbulbs, smart thermostats, and more. These amenities offer convenience and can also improve energy efficiency.
#7 Better Resale Value
Newer homes can have a better resale value because of all the advantages listed above. For example, they’re in prime locations, require less maintenance and repairs, are energy efficient, feature environmentally friendly construction, are built with the newest safety features, and carry the latest amenities.
These are just some of the advantages of buying a new home. Ultimately, the decision lies with you. Older properties also offer a number of benefits, such as lower costs and more character. In addition, older properties are often located in neighbourhoods with rich history. Of course, you can always purchase an older home and upgrade the interior.
Ultimately, you must select a home that suits your needs best.
This content is a joint venture between our publication and our partner. We do not endorse any product or service in the article.
