Introduction

​​There are several reasons people buy new construction homes, the feeling of the first owner of the house and design and upgrades' choices. However, one of the primary reasons people pay 10% - 20% more to buy a new construction home is the peace of mind that comes with the builder's new home warranty coverage.

The builder's contract and sales and purchase Agreement

​​Once you have identified the subdivision builder and the location that fits your liking and need, it is time to review the builder's contract. The contract is different, and it is in addition to the Sales and Purchase Agreement (SPA). 

New construction upgrades, you should postpone for after closing. A good number of upgrades can wait until after closing. If you are up to it, you may do some of them yourself. I like painting, so any opportunity arises, I will take out my brushes and paint rollers and get to work. 

What are the most common cosmetic upgrade options people choose in the new construction subdivision? At this stage of your purchase, you are ready to have a closer look at the floor plan and cosmetic options for your new home.

​Many lots to choose from; how do I choose the best subdivision lot? It is nice to have the option, especially when selecting your lot in the subdivision. I believe this is one of the most important decisions you need to make. Not an easy decision either to make. 

How do I choose the subdivision location for me? The Greater Toronto area is one of the fastest-growing cities in North America. You'll discover, there are usually several subdivision sites generally in the outskirts of the city. ​

Why do I need a team of my own? Most of the subdivision builders are big corporations with a professional team comprised of attorneys, marketing team, sales representatives, and more. ​

​I am serious about buying a new construction home (subdivision); what should I know? You may have seen the advertising, a giant billboard with a sketch of a new construction home. It looks appealing; the thoughts of owning and living in a new house can be emotionally satisfying.  You have been thinking about it; maybe it is time to take the leap and start taking action. Is it for you? Is it the right decision to buy a new construction home?

​What is the new home building cost per square foot? It's a loaded question because we need to consider the location, square footage, and final finishing. However, it would be useful to have a range, an educated estimate to help manage the budget.

What is the cost of new construction custom home in Willowdale, Toronto 2021? Do you ever consider building a custom-built home and wondering what it's going to cost? I get this question for many reasons; clients like to understand the new construction and costs involved. They want to compare the cost of buying a resale house to a new build house.