Which is Better: New Construction vs Resale Properties?
If you’re just starting your house hunt, you might have already browsed some online listings. Recently, builders have started releasing ready-to-move-in condos and single-family homes to counteract the bad reputation pre-construction has gained over the past couple of years. Now, you get to enjoy your home right away!
While new construction homes are slightly more expensive than resale homes, they are more modern, equipped with brand new appliances, and more energy-efficient. Resale homes, on the other hand, are larger, often have more acreage, and have a special charm. But each type of property has cons too. In this blog, we’ll break down the costs involved and more pros and cons to help you make an informed choice.
Costs: New Construction vs. Resale Properties in Kingston
A brand new 3-bed, 3-bath property in Kingston or Amherstview will cost you between $600,000 to $800,000. Detached homes will be just over $1 Million. You also have to pay out of pocket for landscaping, fencing, and blinds, which will cost you between $10,000 to $15,000.
On the other hand, resale homes might seem more affordable upfront priced between $450,000 to $650,000, but can surprise you with expensive surprises a few months later. They have outdated appliances and improper insulation that add to your utility bills.
Why New Construction Homes Might Be a Better Choice for You?
With a slightly larger budget, you can opt for a new construction home in Kingston. Let’s explore some pros you might not want to miss out:
- One of the biggest perks is the ability to customise your home. You can choose everything from floor plans to finishes, everything can be designed per your taste.
- They are equipped with the latest energy-efficient technology, which not only means a lower carbon footprint, but also lower utility bills and better temperature control.
- Open floor plans, stainless steel appliances, and smart home technology are standard features in new construction that make your lifestyle more comfortable and convenient.
- Most homes come with a mandatory Tarion Warranty that protects you against workmanship and materials, water damage, and major structural defects for up to 10 years.
Why Resale Homes Might Be a Better Choice for You?
If you are looking for a home with a character, resale homes are the way to go. Kingston was once Canada’s capital, during which time several classic Georgian homes were built in the city. They stand strong today and are sought after. Here are some more pros:
- Resale homes are often located in older neighbourhoods and offer better access to schools, parks, and community amenities.
- If you’re on a tight timeline, you can request the sellers to move up the closing date.
- They have more relaxed home appearance and property maintenance regulations.
- Usually located in established, quieter neighbourhoods, while new construction homes can have other projects going around.
Your choice ultimately boils down to what truly matters to you in a home. If you’re still confused, take your time viewing both kinds of property. We have a limited selection of move-in ready homes in Amherstview, all fully finished and waiting for you. Send us a message to schedule a private booking.