When considering homeownership, buying a new construction home in Edmonton presents both pros and cons. On the positive side, new construction homes offer the opportunity for customization, allowing buyers to personalize certain aspects of the property according to their preferences. Lower maintenance costs are also a real advantage, as new-construction homes are less likely to require immediate repair. However, there are also drawbacks, such as limited location options, as new developments may not offer the same established neighbourhoods and amenities as older areas. Construction delays can also disrupt moving plans, causing inconvenience and potentially requiring alternative living arrangements. Weighing these pros and cons will help you make an informed decision when considering the purchase of a new construction home in Edmonton!
Pros
You have all the say in customizations
Customization is one of the significant benefits of buying a new construction home in Edmonton. Unlike purchasing a home that is already built, where you may have to settle for the current layout and design, a new construction home offers you the chance to personalize different parts of the property. From selecting the finishes, such as flooring, countertops, and paint colours, to choosing fixtures and appliances, you can create a living space that aligns with your unique tastes and preferences. This level of customization allows you to tailor the home to suit your lifestyle and aesthetic preferences, providing a sense of ownership and satisfaction from being able to design your dream home from the ground up. Whether you desire an open-concept layout, a certain colour scheme, or specific features, a new construction home allows you to make choices that reflect your individuality and vision for your ideal living space!
Lower maintenance costs
New construction properties are less likely to have immediate maintenance issues or repairs than older homes because the house is built using new materials and modern construction techniques, adhering to the latest building codes and standards. The plumbing, electrical systems, and major appliances and brand new and less prone to breakdowns or malfunctions. New construction homes often have warranties on major structural components, appliances, and systems, providing added peace of mind. This warranty protection can help alleviate the financial burden of unexpected repairs during the initial years of homeownership. By minimizing maintenance costs, new construction homes allow homeowners to focus their time, energy, and resources on enjoying their new property rather than dealing with immediate repairs or replacements. However, it is important to note that maintenance costs can still arise over time, and homeowners should budget for routine upkeep and potential future repairs as the property ages.
Cons
Limited location choices
New builds are typically built in new developments or subdivisions, which may have a more limited range of location choices than established neighbourhoods. If you have a specific community or area in mind that you prefer, a new construction home in Edmonton may not be able to fulfill that desire. Established neighbourhoods often have mature trees, well-established amenities, and a sense of community that may be lacking in new developments. Also, if you prioritize proximity to schools, parks, or other amenities, new construction homes may be limited in available options. It’s important to consider the location of the new construction development carefully and whether it aligns with your preferences, lifestyle, and long-term plans before deciding.
Construction delays are inevitable
Building a new home involves a complex process subject to various unpredictable factors. Weather conditions, permit delays, and supply shortages are typical issues that occur during the construction phase. These delays can disrupt your moving plans and cause inconvenience, mainly if you have already sold your previous home or made arrangements to vacate your current residence. Construction delays can result in extended wait times, uncertainty, and the need to find alternative living arrangements while you wait for your new home to be completed. It’s important to be prepared for building delays when buying a new home and to maintain open communication with the builder throughout the process to stay informed about possible setbacks.
Ready to buy?
Some builders may tell you not to worry about finding a REALTOR® because they have an agent working for them in-house. While that might be true, the in-house REALTOR® they are referring to has the builder’s best interest and is working on their behalf. You should hire your own Edmonton REALTOR®, one who is focused on getting you the best deal possible. If you’re looking for a real estate agent to help you buy a new home construction in Edmonton, we’d love to hear from you! Please fill out the form below; someone from our team will get back to you soon.
