While many Canadians opt for an older home due to the rising cost of homeownership and difficulties of entering an expensive market, there are more than a few appealing reasons to consider new construction instead.
Control over construction and floor plan. When you’re the one in charge, you can build your dream home exactly how you want it without having to make any sacrifices. Get the exact layout, countertops, appliances, cabinets, flooring and fixtures you want from day one so when you move in, your home is exactly the way you’ve always dreamed it would be.
Energy efficiency. Older homes are not nearly as energy efficient as new construction for the simple fact that technology has come a long way. A new home will be built without drafts, with proper insulation already installed, and will have a brand-new heating and cooling system you can rely on, along with new windows to help keep the cold outside in the winter. It will already be built to current building code and energy-efficiency standards, so you’ll be able to avoid the upgrades you might have to make on an older home.
Modern features. While there is a charm and history to older homes that some love, if sleek and modern is what your dream home looks like, you’ll have better luck with new construction. The high ceilings, brand-new carpets and flooring, shiny appliances, and open concept layout you desire will be there waiting for you on move-in day.
Reduced maintenance cost. New construction will cost you more upfront, but it could save you more in the long run. Because everything in the home is brand new upon move in, it is less likely to break anytime soon, and likely won’t need replacing or upgrading for a very long time. An older home could seem fine upon purchasing, but could have hidden costs you only discover once you’ve already moved in.