Buying A Home In Brampton – Immediate delivery homes may be more desirable because sometimes builders offer financing incentives or free options.
This may be done in place of chopping prices to appeal to buyers purchasing later in the building phase. An immediate delivery home is an advantageous way to purchase a home if you need to move in quickly, or need a physical space to walk through and see before you sign a contract. Be sure to enquire.
Get in Touch with Your Agent
Before you visit your first model home, sit down with your agent and do your homework. You’ll want to be prepared so that you can determine a comfortable price range for your new home.
Sellers’ Agents Versus Buyers’ Agents
Here’s a good point to remember. The sales agent in the model home represents the builder, not you. They are known as sellers’ agents. As a buyer, you can work with a buyers’ agent at no additional cost.
A Builder For All Reasons
Like all tradesmen, builders vary in their fields of expertise. For example, builders specialize in craftsmanship, others are known for their innovative use of space, and those who offer below-market financing or customer attention during construction and after move-in.
Get the Facts About Your Builder
Before making a final decision, it is wise to check out the reputation and financial strength of the builder. Get “spec sheets” on home features covering everything from floor plans to energy efficiency, including lot availability and delivery of your home.
Check Out the Neighborhood
- Learn as much as you can about the community.
- Discover what amenities it has to offer.
- Investigate if financial reserves have been set aside to build or replace major amenities like schools or community roads
Choosing Options and Upgrades
The least expensive the base price of the house is, the more options and upgrades you can add without fear of overpricing it for the neighborhood. Options are items the builder installs during construction, such as adding usable space like a sunroom or a powder room. These features can add the most to the resale value of your home.
Often buyers don’t realize that there may be room for negotiating price, upgrades, or options. For example, you have some scope for negotiating with the builder if s/he has a completed a home but hasn’t sold it.
Be Sure the Contract Works in Your Favor!
When spelling out the particulars of an agreement with your builder, ensure you protect yourself by having safeguards written into the agreement
Financing — What’s Best for You?
Some builders, especially in high-volume communities that place large numbers of loans, can offer special financing packages. However, because “home loan” lending is highly competitive, you have many financing choices other than those being offered by the builder
Just Because it’s New…. – Doesn’t Mean it’s Perfect
Yes, it’s new and typically it’s built with modern materials that are durable, low maintenance, stronger, quieter, and safer. But because nothing is perfect, even if it’s new, consider hiring a reputable, licensed home inspector.
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