Building vs Buying a New Home: Which is Right For You?

West Springs in SW Calgary is a relatively new development and it’s quickly rising in popularity amongst Calgarians due to its proximity to extensive green spaces, great amenities, and it boasts a strong sense of community.

If you are thinking about investing in a new build in Calgary, here are some reasons why you should consider West Springs in SW Calgary:

• There is a vibrant community and an active lifestyle
• You’ll have access to many services and key amenities, such as top public/private/bilingual schools and recreational facilities
• You can enjoy a suburban lifestyle while still be only 20 minutes away from downtown
• Your home will be in close proximity to Banff, Jasper, Lake Louise, and all the rest the mountains have to offer

Build a Beautiful New Family Home in West Springs Calgary

With easy access to downtown Calgary, convenient travel routes for a quick getaway to the mountains, and close proximity to top Calgary schools, investing in a new build at The Rise in West Springs Calgary will offer you and your family an affordable, yet unparalleled lifestyle.

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THE RISE AT WEST GROVE ESTATES

Building vs Buying a New Home in SW Calgary: What’s The Best Option?

It’s a classic home buyers conundrum: should you build or should you buy? It’s a challenge to decide on the right choice because each option has its pros and cons.

For example, investing in a new build will allow you to customize it to your preferences, but it could take long to build. If you buy an existing home, you may have to compromise on the floor plan, but you could move in right after you close.

Here are some of the pros and cons of building vs buying a new home to help you make the most informed decision:

Pros and Cons of Investing in a New Build

Are you thinking about building a new home for your growing family? This can ensure you get the house of your dreams, but before you take this step, here are some of the pros and cons you should consider:

Pros of Building a New Home

• You can build a modern home that is more environmentally friendly and tech-friendly
• A brand new home will have far fewer maintenance issues, which could save you money in the long run
• There is less competition for buying a plot of land and building a home on it than there is for buying a home that is already established
• The feeling that you and your family are the first to live in that home, and that it’s customized to suit your needs and preferences
• You can build a home mostly to your own specifications, including the interior design
• Since there is no transfer of property from one person to the other, you may be able to avoid some of the legal processes home buyers go through
• Designing and building a home will strengthen your sense of ownership in it

Complications of Building a New Home

• New homes could take months to build and during this time, it could involve a number of complications and delays.
• You may need to rent a property while you’re waiting for your new home to be built
• Adding a garden can significantly raise the costs of building a new home.

Keep In Mind

You may be faced with some out-of-pocket expenses. Upgrades cost money and these may or may not be rolled into your contract price. Make sure to ask your builder the following:

• What’s included in the base price?
• How much does the typical buyer spend on upgrades?
• Will there be additional costs at closing?
   

HOW BUYING EARLY IN A NEW HOME COMMUNITY CAN SAVE YOU MONEY

Pros and Cons of Buying a New Home

Are you thinking about going down the route of buying a home? Here are some things you may want to consider first:

Pros of Buying a New Home

• An established home may already have a garden and/or a swimming pool. These are things that you’d have to pay through your nose for with a new build.
• Buying an established home is a quicker process. It usually takes 3 months to secure a loan, pay the deposit, and present attorneys with the necessary documents.
• You can compare prices easily when investigating established houses and look for the best deal when applying for a home loan.

Cons of Buying a New Home

• The home may be older, which means it won’t be sufficiently energy efficient or suited to the current world of technology.
• You may have to perform renovations to get the home up to standards. Depending on how extensive the work is, you could end up spending a lot more than you bargained for, and it could take longer before you can move in.
• The level of customization you can achieve will not be as high as when building a new home.

Every Home Buyer or Builder is Unique

When you are looking into whether you should buy or build a house, remember that every individual and every market is different. The best way to find an option that is right for you is to talk to an experienced real estate agent.

Such a professional will know where the deals are and all about the up-and-coming communities. They can help you decide whether building or buying a home will suit your needs best.

Find Your Dream Home at The Rise at West Grove Estates

The Rise at West Grove Estates are affordable semi-estate homes that have been meticulously crafted by award-winning builders. The homes represent the highest quality and elegance expected ‘on the hill’ in the prestigious SW community of West Springs.

Want to know more? Visit us at The Rise West Grove Estates, 106 W Grove Way, SW, Calgary, AB, T3H, 0S2, or contact us at 403-250-5650