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Is Building A Home A Good Investment?

Is Building A Home A Good Investment?
Buying a home is one of the biggest investment decisions you’ll ever make. Although many of us have an image of our perfect home, when the time comes to buy, most people opt for an existing one. According to the Canadian Home Builders’ Association, newly-built homes only account for about 25 per cent of all homes bought each year.
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While the idea of building a new home may seem overwhelming to many homebuyers, there are some very good reasons to consider it. 

Here are just a few:  

You get what you want
By building your own home, you have the final word on the things that really matter: a layout that works for you, with fixtures that match your style, all in a location of your choosing. You get to pick a community and neighborhood that suits your family’s needs and have the perfect house to come home to. Think about it: you won’t have to spend extra money remodeling the kitchen or trying to figure out where to add another bathroom. And by determining your budget, you will get exactly what you can afford.

Is Building A Home A Good Investment Get What You Want

The latest in building technology and design

With open living spaces, natural light and functional, well-designed living areas, today’s newly-built homes are not only fresh and inviting to the eye, they also meet a much higher standard for safety and performance. While other homeowners struggle to bring their older homes “up to code,” there is enormous comfort in knowing your home is safe and secure.

An energy-efficient home
Modern homes are built to a more stringent standard for heating and ventilation systems, resulting in a healthier, more energy-efficient homes and lower energy costs. By choosing “green” appliances and other fixtures, as well as opting to install solar panels and “smart” technology, such as home automation systems, today’s newly-built homes are not only better for the environment, they will save you time and money.

Is Building A Home A Good Investment Less Maintenance

Less maintenance

Yes, you’ll still have to mow the lawn and clear snow in the winter, but a newly-built home will not require anything like the maintenance and repair needed on an older home. Your roof and the building exterior will last many years and as most newer building materials offer low-maintenance as a selling feature, you can count on less upkeep and repair costs for years to come.

Comes with a warranty
Buying a new home—whether an older home or new construction—is a huge investment. One of the things homebuyers worry about most is the “what if” scenario. What if something goes wrong? One of the biggest advantages of building a home is that everything is new and when you hire a reputable builder, you can rest assured that should something need repair or replacement, you’ll be covered by a warranty. No expensive surprises. 

Prestige Homes come with a one year factory warranty, as well as a seven-year structural warranty. For an overview of the structural warranty, visit:  

Investing in your future
With careful planning for your family’s changing needs, your home is an investment that will give you stability for years to come. And when the time comes to sell, you will be happy to find it easier to recoup on your investment as prospective homebuyers often like the appeal of a newer house.

When you build a new home, you get what you want with the features you desire, all wrapped up in a healthier, efficient, sustainable, low-maintenance package. You know your costs upfront and won’t find yourself in the situation of having to invest an additional—often unknown—amount of money to deal with an unexpected problem or renovation. Now that’s a “home truth” you can count on.

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August 08, 2022