Four reasons to buy a new home
When you’re in the market for a new home there are many tough decision to be made.
When you’re in the market for a new home it can be a tough decision. Do you head to the sales office of a local builder or check out resale homes? Here are some reasons to buy a brand new home:
The latest technology
Homebuilding has seen significant changes in construction techniques and new technology over the last 10 years. New homes today come with efficiency features such as tankless water heaters, high-efficiency condensing furnaces, low-flow showerheads, Energy Star appliances, high-performance windows and smart thermostats. This means today’s homes and condos are easier on your utility costs and the environment while providing you a home that is as tech-savvy as you are.
Registered builders versus DIY
New homebuilders in Ontario need a licence to build. In fact, it’s the law that they be registered with Tarion, the regulatory authority. This means that builders must meet financial and technical tests before they can build homes, providing you with some peace of mind about your investment.
An older home, on the other hand, may have changed ownership several times, which could mean it’s seen many years of DIY fixes or renovations that may not meet the current Ontario Building Code. Older homes may also have more hidden issues like faulty wiring, illegal alterations and use of older materials.
Almost every new home or condo in Ontario is covered by a new home warranty with up to $300,000 in coverage. From the moment of possession, almost everything the builder provides, inside and out, is covered in the first year. The major systems inside your home, including heating and plumbing, are covered for up to two years and major structural defects are covered for up to seven years.
A newly built house or condo gives you the opportunity to customize it to your tastes before it’s even built. Depending on the builder, you can often choose wall colours, design and colour of cabinets and countertops, types of fixtures in your kitchen or bathroom, floor finishes and the style of interior trim throughout your home. Find more tips at tarion.com.
WHAT EVERY HOMEBUYER NEEDS
Buying a new home is exciting, but also a lot of work. It involves a whole series of decisions beginning with setting your budget all the way to picking out bathroom tiles. Wouldn’t it be great to have a trusted advisor to help?
MyHome Planner is a free app that offers the reliable advice, information and organization skills you need at each step of the home buying process. It’s like a best friend, new home expert and personal assistant all rolled into one.
One of the first big decisions to tackle is where you want to live. The app can help you research builders and where they are proposing to develop new homes or condos. It also gives you access to Tarion’s Ontario Builder Directory so you can see how long a builder has been in business, how many homes it has built and whether there have been any warranty claims.
Once you know where you want to be, the fun part comes when it’s time to choose the house model and customize it with fixtures, countertops and other finishes to create the home of your dreams. The app can help with scheduling, reminders and valuable information that will help to ensure nothing is forgotten.
When it comes time for the Pre-Delivery Inspection — a walk-through of your completed home with the builder prior to taking possession — you need to identify issues such as damaged or incomplete items.
But do you know what to look for or what questions to ask? The app can coach you with tips, videos and resources that will help you through the process. It can also help you learn about your new home warranty. Find more tips at tarion.com.
TOP FIVE TIPS FOR FIRST-TIME BUYERS
Buying your first home can be exciting, but it is important to realize the slew of new responsibilities that come with owning property. Tasks that a landlord would take care of are now on your plate. Here are some to keep in mind:
Many communities maintain regulations, such as maximum heights for fences, hedges and trees; building permits for decks; and rules for the construction of fire pits. To avoid an accidental misstep, check out the neighbourhood by-laws when you are moving.
Maintain smoke alarms According to the Canadian regulations, smoke alarms must be installed outside of each sleeping area and on each level. Maintenance of these devices include testing them every month, cleaning and changing their batteries as directed by the manufacturer and replacing any that are over 10 years old.
Check seldomley used bathrooms
Grime and dirt build-up can cause your faucets and toilets to malfunction or get damaged. Avoid this by running the taps and flushing the toilets of guest bathrooms occasionally.
Don’t forget to maintain your outdoor property as well. Take pride in your new home with a well-manicured yard. This may not be everyone’s favourite chore, but Stihl’s Lithium-Ion Homescaper Series can help in easing the load with lightweight and powerful tools making the job much easier.
Now that you own your home, you are solely responsible for any and all repairs. These can be costly, and often come by surprise. Avoid an unplanned financial burden by keeping an emergency fund for household maintenance and repairs. Find more information about helpful tools online at stihl.ca.
From News Canada