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Happy New Homes

Four Reasons Why You May Want To Move Into A Newly Constructed Home

Is moving into a new home on your 2023 to-do list? Not just a “I have never lived here before” new, but a “no one has ever lived here before” new? Whether you’re a current homeowner or a first-time home searcher, a newly constructed home could be just what you need to make your property dreams a reality this year. Here are four reasons why new builds could be worth your down payment and/or putting your current living space on the market.

Unleash Your Creativity

If you’ve ever played the popular computer game The Sims, you know how much fun it is to design your own dwelling space. Depending on when you enter the building process, new home construction can be just like that, but in real life!

Whether you’re working with a contractor to fill an empty plot or you’re able to get in on the ground floor of a new housing community, you may get to leave your mark on everything from how many floors your house contains to the style of the light fixtures that illuminate every room.

Even if the property is already complete, the modular nature of many modern homes allows for a level of customization you can’t find in most older properties. At least not without enlisting a contractor and construction crew. When the dust has settled, the paint is dry, and those keys land in the palm of your hand, you can take pride in knowing you’re moving into a home that is truly yours.


Protect Your Physical And Financial Health

According to a recent research report, nearly 75% of homes are 30 or more years old, and 43% of homes were built before 1978. Since then, regulations on harmful chemicals like asbestos, formaldehyde, and phthalates have resulted in safer building materials ranging from paints and varnishes to pipes and insulation.

Purchasing a new home on a fresh plot of land could also make your property eligible for a new home warranty, which could cover everything from materials to workmanship. You’ll be able to rest assured your residence meets the most recent codes and regulations. It also removes the need for renovations to replace outdated materials, which lowers maintenance fees and other unwanted surprises sometimes found in older homes.


Reach Peak Efficiency

Of all the many benefits technology offers, efficiency is probably the most significant. From water fixtures to HVAC systems, new homes often include countless efficiency upgrades you won’t find in older models. One excellent example of this is the seamless integration of smart devices. For instance, many modern homes either come with or can easily be equipped with smart security systems like motion-activated cameras or video doorbells. Speaking of, bluetooth locks are becoming increasingly common in new residences.

In terms of lowering your monthly bills, newly constructed homes are often better suited for solar panels, smart thermostats, or even refrigerators that connect to your Wi-Fi router. Modern homes are also more likely to have external power outlets for amenities like electric-vehicle charging stations or battery-powered backup generators. In addition to reducing your carbon footprint, these innovations have the potential to lower your monthly costs.


Think About Longevity

As our society becomes more technologically advanced, future home buyers will continue to demand modern amenities like the ones previously mentioned. For that reason, purchasing a new home can be a potentially profitable financial investment. Whether you’re interested in a permanent residence or an investment property, a new home may be just what you’re looking for.


Interested in learning more about the new home opportunities in our area? We would love to sit down and discuss them with you! Give us a call at 705 209 3095 to hear about up-and-coming housing developments, the latest listings, or trusted contractors who could help you turn an empty plot of land into a sparkling new piece of property.

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January 2023 Market Report For Our Communities

New Year, new stats! January saw a big dip in sales activity which skewed a lot of statistics this month. We saw a 23% decrease in sales activity compared to 2022 with just over 100 properties sold across our region. Staying in line with the last 6 months of 2022, active listings continued to surge, across our communities we saw 305% rise in active listings. There’s lots of opportunities for Buyers right now as we’re seeing so many new listings and at the same time, property sales slowed down last month.

In our local communities, we saw sale price decreases in Midland, Penetang and Tay but a large increase in Tiny. However, it’s important to note that there were limited sales to base this information off – Sales Activity was down almost 23% across the region with only 29 sales in our communities. As we head deeper into the new year and look to the spring market, we expect a re-balancing of the market to continue with more opportunities for buyers but also attractive sales prices for sellers.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of February 2nd, 2023, data gathered by the Ontario Collective based on January 2022 vs January 2023.