Before you begin searching for a home, it’s always helpful to think about your needs both now and in the future. And if you have any questions about the home-buying process or different types of real estate, don’t hesitate to call or e-mail.
Following are some things to consider when you’re deciding which type of home to buy:
New Versus Resale Homes
Some things to consider with a new home include: up-to-date designs that take into account the latest trends, materials and features; you may be able to upgrade or choose certain items such as siding, flooring, cabinets, plumbing and electrical fixtures; schools, shopping malls and other services may not be complete for years; and you may have to pay extra if you want to add a fireplace, plant trees and sod or pave your driveway. Make sure you know exactly what’s included in the price of your home.
Some things to consider with a resale home include: easy access to services, since it’s likely established in a neighbourhood with schools,
shopping malls and other services; may have extras like fireplaces, a finished basement or swimming pool; and you may need to redecorate, renovate or do major repairs such as replacing the roof, windows and doors.
Deciding Which Type of Home to Buy
Following are some different types of homes from which to choose:
Semi-Detached – A single-family home that is joined to another one by a common wall. It can offer many of the advantages of a single-family detached home and is usually less expensive to buy and maintain.
Row House or Townhouse – Many similar single-family homes, side-by-side, separated by common walls. They can be freehold, condominiums or rental units. They offer less privacy than a single-family detached home but still provide a separate outdoor space. These homes can cost less to buy and maintain – but they can also be large, luxury units.
Link or Carriage Home – Houses joined by garages or carports, which provide access to the front and back yards. Builders sometimes join basement walls so that link houses appear to be single-family homes on small lots. These houses can be less expensive than single-family detached homes.
Condos/Stratas – A condo/strata is a form of ownership, not a type of construction. Condos/stratas can be high-rise residential buildings, townhouse complexes, individual houses and low-rise residential buildings.
Regardless of the type of home you decide to buy, answers to your questions are just a phone call or e-mail away!