When thinking about the purchase of a home, one of the biggest investments a person can make, it’s important to to know what you are getting yourself into. Create a list of must-haves and explore your desired neighbourhood to see if there are any homes that “fit the bill”. If you’re like me, you’re a bit of a perfectionist, which means that you have a vision for something that you want and it need to meet your standards.
This is one of the reasons my husband and I decided to go with a new-build home. That isn’t to say building new doesn’t have it’s own set of challenges… but I’ll save those for another post.
For now, here are the top 10 reasons to build a new home:
1. No Renovations!
If you’re a young couple like us, this was a major factor in our decision to buy a new-build.
We currently do not have any children, but my colleague brought up a good point “do you really want to be pregnant or have young children running around a construction zone?”. Short answer: No.
Even if you aren’t looking to expand your family, not having to deal with costly renovations is a bonus. No surprises when opening up the walls. No blocked off areas of your home. No dust masks or paint fumes. You get to move in to a home that is ready for you to live in.
2. You get a blueprint of your home
One thing my husband was really excited about when our home started to take shape, was that he could keep track of all the electrical/duct work/ gas lines/ pluming in our home. Before the drywall goes up, ask your builder permission to take pictures of the walls in your home. No more second-guessing what’s behind the drywall when you want to hang a picture, or put up your TV mount.
Here you can see the pipes, wires, ductwork, etc.
This is huge! When you build a new home, everything in your home is new and is usually covered under warranty. Your furnace, your air conditioner, water heater, you name it! If you live in Ontario, Canada you also have the “Tarion New Home Warranties Plan Act” to ensure that builders fulfill their obligation to build you a home free from defects, code violations, or unauthorized substitutions, to name a few.
Building your own home means that you get to be a part of the decision making process right from the start. You can pick your own colours, finishes, flooring, and features. Often builders will offer a set of samples for you to choose from, but if you aren’t a fan of what they are offering they are usually open to you shopping around to find something you’d like in your home. I did this with our hardwood, and I am so happy that I didn’t settle on something I wasn’t in love with. Remember, you’re the one living in it, and your builder wants to you love your home! Be sure you understand what credits your builder is giving you to spend on things like lighting, hardware, etc.
5. Energy efficient
New homes are so energy efficient these days! You will get new energy efficient windows, insulation, heating and cooling systems. Although these new technologies can sometimes be pricey upfront, the long-range savings are definitely worth it! If appliances are not included in the purchase of your new home, be sure to purchase with efficiency in mind!
Building a new home gives you peace of mind. You will know that all building codes will be up to date and verified by a licensed inspector. You won’t have to worry about hazardous materials such as asbestos, formaldehyde, or lead. You can also rest assured that security and fire systems are up to date
7. Neighbourhood bonds
Although new builds are usually in less established neighbourhoods, you can create some lasting bonds with your neighbours as they also made the decision to go with a new build home. Creating neighbourhood bonds are especially important if you’d like to share costs on a fence (as they aren’t usually included in the cost of your new home), or if you’re going on vacation and need someone to keep an eye on your home. Since everyone is new to the area, making friends is easy!
8. Floor plan to meet your needs
Building a new home means you can choose your floor plan! Do you need 3 bedrooms or 4? An island in your kitchen? What about a mudroom? Since your new build home is a blank canvas, you can have some say in the layout of your home. We opted for 4 bedrooms, 2.5 bath, and a large open living space for entertaining. You can pick your floor plan based on your needs and lifestyle!
9. Choose your lot
Not only can you choose what your home looks like, but you can also choose where it is! Keep in mind lot size, what direction you’d like to face, and future plans for the exterior of your home (gardens, fence, deck, etc.). We chose to go with a south-west facing home. Our bedroom gets the morning sun, but we can enjoy shade in our backyard in the late afternoon and evening.
10. Build property value
Lastly, building a new home will enable you to build property value. Things such as finishing the basement, installing a fence and a deck, and waiting for the area to develop will all help with building value in your home. An even bigger bonus if you are able to do some of the work yourself!
If you’re considering building a new home, be sure to do your research to find a reputable builder that is offering what you are looking for! Good luck with your search!