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New construction home

The Advantages and Disadvantages of Buying a New Construction Home

by Helena Sedlak· March 03, 2016· in Buying· 0 comments tags: buying, buying real estate, homebuyer, new construction, new construction home, new homes, preconstruction
New construction is popping up everywhere with so many choices. Whether you are buying a home that is built to your specifications, buying a preconstruction home in a new subdivision or a new condominium, a newly constructed home can have some great advantages and some potential disadvantages. Here are some things to keep in mind when you’re choosing what is best for you. Advantages You are dealing directly with the developer. You don’t have to worry about the emotions of the original homeowner when making an offer. Maintenance costs will run lower with a newly built home. If you are building your own home, it will be designed exactly how you want it. If you are building a semi-construction home, you can pick from a variety of finishes and upgrades allowing you to give it that personal touch. Your new home will be move in ready. You won’t have to paint or do any repairs. New homes are usually built with the latest in energy efficient construction. This can make a big difference in your monthly utility bills. You can integrate the latest technology in to your new build. But, be careful. The newest technology craze today will ultimately become […]
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First Time Home Buyers

5 Tips for the First Time Home Buyer

by Helena Sedlak· February 18, 2016· in Buying· 0 comments tags: buying real estate, financial incentives, first time buyer, homebuyer, mortgage, planning, tips
Buying your first home is one of the most exciting times in your life, but it can also be one of the most overwhelming. Expectations are often thwarted by financial realities and these can leave you feeling disappointed in your options. However, with a bit of planning, you can avoid the pitfalls of expectations vs. affordability, and with the help of your real estate agent, find the perfect first home. Plan your Budget The most important thing you must do is plan what you can afford. A mortgage calculator can help you start the process. Mortgage calculators give you an idea of what your price range should be. It is also a good idea to contact a mortgage broker who can help you find the best financial institution for a possible pre-approved mortgage. Your own bank may not offer you the best option, so it’s important to investigate all options available to help with the cost of purchasing your home. Take advantage of the financial incentives available for a first time home buyer: First-Time Home Buyers’ (FTHB) Tax Credit Introduced by the Government of Canada to assist first-time home buyers with the costs associated with the purchase of a home, a $5,000 […]
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Helena Sedlak

Helena Sedlak

Sales Representative

Royal LePage Real Estate Services Ltd.,
Brokerage
3031 Bloor Street West,
Toronto, ON M8X 1C5
Telephone: 416-236-1871
Cell: 416-821-6964 | Send SMS
Fax: 416-239-5394
Website | Facebook

Royal LePage Real Estate Services Ltd., Brokerage


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