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Looking to buy a new home? There are many reasons why you might prefer to build a new home and there are also many reasons why you might prefer to purchase a resale home, we’ve listed some of the benefits to buying new below.

Image of a man on a construction site

1. Less Maintenance Costs In The First Few Years

New homes aren’t necessarily immune to needing repairs, but the chances of having to fix a leaky roof or a broken pipe are significantly lower, meaning less money spent while everything is still new. In addition, most builders include a range of warranties with their homes, which may include a short term full structure warranty and a longer term exterior warranty. It’s beneficial financially and it will provide some stress relief in the years following such a large purchase. If you purchase with Reid’s Heritage Homes, you will be covered by the Tarion Warranty.

2. Energy Efficiency

There are constant innovations in energy efficiency and newer homes are often taking advantage of them. If you build new, chances are you will get a home that is built to use less energy and will thus reduce the cost of your monthly utilities over time. There are many variables in a home that is built for energy efficiency, including insulation and air sealing, heating and cooling as well as appliances. When you build new, you’ll have more say over the strategies used to reduce your home’s carbon footprint. Your builder likely already includes some of those options, like energy efficient windows, which can prevent heat gain and loss attributed to less efficient windows. If you choose to build a new home, ask about other energy saving options as well.

3. Less Costs All Around

As mentioned above, building a new home can reduce your overall maintenance costs as well as your overall utility/ energy costs. You can also save on insurance. Homeowner's insurance on a newer home should be less expensive than with an older property, largely because the building will be new and up to current standards. Insurance on older homes is typically more expensive, and depending on the location and condition of the property may be more difficult to secure.

4. Opportunity To Personalize

When you build a new home, you often have the opportunity to choose certain features and finishes within the homes. You may even have the opportunity to personalize the layout. This will help you ensure you’re getting the home that you imagined without having to think about renovations down the road.

The article above is provided for informational purposes only, and should not be relied upon as legal or professional advice. Reid's Heritage Group of Companies does not take responsibility for the information and opinions presented. E. & O. E. May 2023.

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