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Better yet, unlike older homes that need continuous maintenance and costly repairs and replacement when the next thing inevitably breaks, new houses for sale in Edmonton are covered with warranties that protect your new home from material, labor and structural defects for up to 10 years. When the home you've lived in for years has left you in need of a better fit, you may want to think smaller for your next home. Under this type of agreement, you're only obligated to buy the home if your current home sells, helping you avoid the issue of two concurrent mortgages. The good thing is that you don't need to sell your current home and try to find a temporary place to live before you buy your next home - you can include a provision in your offer that your current home must be sold prior to purchasing the new home. Unless you have a significant sum of money stashed away, you'll need the equity from your existing home to help pay for a new home, and the money you still owe can't be used for something else until you sell your home and cash out. But if you already own a home, odds are most of your capital is tied up in your existing home. Move-Up Home Buyersįor buyers that are looking to find a better fit for themselves and their families, new houses for sale in Edmonton provide ample opportunity to move on up. And because new homes are more trendy and modern, you'll be able to easily sell it without a costly renovation if you need to relocate for any reason. Additionally, a new home will cost you less to heat and cool, and energy efficient appliances will save you money each time you do laundry, wash the dishes or flush the toilet. With a new home, the 1-2-5-10 home warranty protects you against defects or failure of the major components of your new home. Furthermore, you don't get that crucial new home warranty with a resale, so if any major components of your new home fail anytime after the day you move in, you'll be on the hook for their repair or replacement. But, unlike cars, the home and the land it sits on is unique, sharing that spot with no other place in the world. But if you've ever had the pleasure of buying a new car, you know that the feel of buying new just can't be equaled with a new-to-you purchase.
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New homes are being built every day, and there's no shortage of resales all across Edmonton. If you're looking to buy a new home, there's a lot to consider. But with all the possibilities, where should you start? Here at Sterling Homes Edmonton, we have the resources to help every type of home buyer find their perfect new home, whether you're a first-time home buyer or you're looking to trade in your existing home for a better fit. In Edmonton are sure to fit every budget and consideration. Or looking for a hot real estate opportunity - new houses for sale So you're ready to ditch your old home or cramped living space and graduate up to a beautiful new home or downsize into that perfectly portioned home - or even if you're new to Canada