Government Grants and Incentives
There are new home purchase grants and programs available for buyers. For example, once again this year, the Government of Quebec is offering a rebate on part of the taxes payable when acquiring a new property. These programs can change over time, and having up-to-date information is essential before signing on the dotted line, especially if your budget depends on these grants.
No Competition From Other Buyers
When the real estate market is overheated and there are biding wars on properties for sale, buying a new home is a less stressful alternative. In fact, as the price is fixed, you won’t have to compete with any other potential buyers.
Reduced Chance of Hidden Defects
There is little chance that a newly constructed building will have a hidden defect that might jeopardize your real estate investment or compromise your quality of life in the residence. Moreover, the Building Code contains rules and standards which evolve over time, and which require that contractors use compliant and safe materials.
But even in this case, an existing house can be just as safe and worthwhile!
To conclude, buying an existing house also holds several advantages. No matter which option you choose, the important thing is that you feel confident about it. Partnering with a real estate broker will definitely help increase your peace of mind.