Top Tips for Saving Money When Buying a New Construction Home

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Published June 24, 2020 by The Rise West Grove Estates

Are you considering buying a new construction home in SW Calgary? Here are some top tips on how to save money when buying your new family home in West Springs Calgary.

In today’s market, home buyers have a choice of purchasing a new home, a resale, or a foreclosure. This means that there are many considerations to be made when you are choosing what type of home is the ‘right one’ for you and your family. 

If you are considering buying a new construction home in SW Calgary, here are some of the benefits of doing so: 

  • You’ll get greater customization 
  • Newly constructed homes are more energy efficient 
  • You’ll need less money for repairs and maintenance 
  • You’ll enjoy home warranty on your appliances and certain structures


Join the Exciting and Growing Community of West Springs in SW Calgary

Nestled in Calgary’s SW community of West Springs, The Rise at West Grove Estates offers new and beautiful homes for you and your family. The great neighbourhood and established community, proximity to a wide number of amenities, and planned green spaces, means that you can enjoy uncompromising value and a high quality of living.

Due to the COVID-19 pandemic, our showrooms are open by appointment only. Do you want to book an appointment? 


Top Saving Tips When Buying a New Construction Home in SW Calgary 

Buying a new construction home isn’t cheap. In general, buying a home, whether a new home, a resale, or a foreclosure, will probably be one of the biggest investments you’ll ever make, and when you have the opportunity to customize every aspect to your liking, things can add up fast! 

Luckily, when buying a new construction home, you have a lot of control over the final cost, and if you do your research, you’ll be able to build your dream home and keep it within budget. 

Here are a few tips on how you can do that: 

1. Set a Budget and Make Sure You Stick to It 

Before you meet with a developer’s sales representative, you should make sure you know exactly how much you can afford to spend. As with any new home purchase, it can be very easy to spend more than you intend to when buying a new construction home. 

Pro Tip: Work out how much you can afford to spend comfortably. Once you have that number, think of it as written in stone and don’t go over it — no matter what. 

2. Make Sure the Base Price Gives You Flexibility 

Remember, the first price you’ll see on your new construction home is the base price. This number will include the: 

  • Basic structure 
  • Finishes
  • Lot cost
  • Landscaping cost 

What it doesn’t usually include are extra structural options such as fireplaces, room extensions, luxury flooring, as well as any other interior and exterior upgrades. That means you must make sure to choose a new construction home that has a base price that gives you the space to customize without overspending. 

3. Be Wise When Choosing Your Builder 

If you aren’t set on living in a certain development, make sure to compare a few builders in your area and choose one who will offer you the best value for your money. For example, some builders tend to offer: 

  • Lower or more inclusive base prices
  • More reasonable upgrades
  • Better incentives 

So make sure to do your research prior to choosing your builder and make sure to compare quality, as well as cost, because you also don’t want to buy a home that has low quality features and design. 

4. Consider a DIY Installation

While most builders tend to be fair in their pricing, like all things, professional labour will always cost more than a DIY. So if you are handy, you might want to consider taking on some projects yourself after you’ve moved into your home. 

If you can handle having your house not completely ready when you move in, then you could save some money getting out your toolkit and handling some of the tasks yourself. 

5. Ask About Closing Cost Incentives 

When buying a new construction home, you’ll want to work with a lender as early as possible to ensure you are good to go when closing time comes around. Some builders do offer special incentives if you work with their preferred lenders (even up to a couple thousand dollars off closing costs). 

Pro Tip: Contact your builder’s lenders first and if you get a fair mortgage deal through them, then you should consider going that route. 

Let’s Connect: We Can Help Design Your Dream Home

The Rise at West Grove Estates, a picturesque neighbourhood nestled in Calgary’s west end community of West Springs, offers new semi-estate homes for you and your family. Every detail of this community has been meticulously designed so that you are proud to call this your home.

Book an Appointment to See Our SW Calgary Showrooms 

In an effort to curb the spread of COVID-19, our West Springs show homes are now only open by appointment. If you want to know more, please contact us at 403-250-5650 or fill in our online contact form.


Quick possession and affordable semi-estate homes meticulously crafted by award-winning builders.  Our homes represent the highest quality and elegance expected "on the hill" in the prestigious SW community of West Springs.

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