There are advantages and disadvantages to both buying a new development home and a resale home in Greater Vancouver. Here are some of the advantages of buying a resale home:
Lower Price: Resale homes are typically less expensive than new builds. Buyers can often purchase a larger home for the same amount of money with a resale than with new construction.
More Opportunities for Home Improvements: Resale homes may provide more opportunities for home improvements. Buyers can use the existing home as a base for building a unique property through modernization or expansion.
More Land: Resale homes typically have more land than newer properties because of changes in land-use patterns.
Established Neighborhoods: Resale homes are often in older, more convenient metro areas rather than in outlying suburbs.
Here are some of the advantages of buying a new development home in Greater Vancouver:
Customization: New construction homes provide the most choices and the ability to design every aspect of your home — everything between your foundation and your roof is yours to decide.
Fewer Maintenance Costs: New construction homes will usually look more modern and have fewer maintenance costs associated with it and come with a warranty.
Brand-New Community: New builds offer a brand-new community complete with new roads and usually newer facilities nearby.
Energy Efficiency: New builds are often built with energy efficiency in mind, which can save you money on utility bills in the long run. Electric charging stations, greener construction solutions and more included.
WANT TO LEARN MORE? GET STARTED TODAY BY CALLING GREATER VANCOUVER REAL ESTATE EXPERT & REALTOR LORI HAGGARTY AT 604-807-5711 OR EMAIL LORI@BETTERLIVINGSPACES.CA!
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