There are some really great aspects of living in a brand new neighbourhood. Primarily, you get the benefit of knowing that all the homes are new and you don’t have to worry about the same things you would in an established neighbourhood – such as whether a home on your street is condemned, or the lawn looks like a farmer’s field. There are many perks to buying new real estate.
New developments mean new parks, playgrounds and walking trails. There is a good chance the majority of your neighbours will also be home owners, and not tenants (although not always), which means there is a higher likelihood that the homes and properties will be well taken care of. The only real downsides of new real estate developments are trying to live in an ongoing construction zone, and waiting (sometimes years) for the finishing touches to be done on the neighbourhood at large. Finishing touches may include grass or sod, as well as fencing and possibly planting trees. Although most could probably manage without their landscaping done, so long as the house itself was complete, for others living in an area that turns into a giant mud puddle every time it rains is off-putting. Not to mention being awaken at 5AM on a Sunday by table saws and nail guns.
When you purchase a home in a new real estate development, you often get the choice to choose your floor plan and finishing touches –unless you buy one of the model homes, which are often equipped with every upgrade imaginable. Having the choice to choose your flooring, paint colors and cabinets is a massive benefit. You get to customize your home from the ground up, without having to reorganize your life as you tackle home projects while simultaneously living in the home.
If you feel like a brand new home outweighs the downside of living in an area that is still under construction, than a new real estate development is a great place for you to begin your home search.

Posted by Gurpreet Ghatehora on


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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2022 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on May 24th, 2022 at 4:32pm CDT.