Buying a new construction home? 4 key steps before you buy

(NC) Buying a home is the start of a new chapter, and for many homebuyers the idea of living in a brand-new home that reflects their personal style is very appealing. But buying a pre-construction home is different than buying on the resale market, and it takes some upfront research. Here are four steps to help you go from window-shopper to serious homebuyer. 1. Decide what suits your lifestyle Pre-construction homes have two main categories: condos, which include shared amenities, and freehold homes, which are detached or semi-detached.

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Buying pre-construction? Your deposit is protected

(NC) Is this the year you plan to take that bold leap and buy a new-build house or condominium unit? Prices on new homes have gone up in recent years, and so have deposits. But there are two pieces of good news. The first is that your deposit is protected by Tarion, the company that administers Ontario’s new home warranty program. The second is that coverage was increased and expanded in 2018 to provide buyers with even more protection.

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