New Build Construction

Peace of Mind
When choosing to buy a new construction home, it will allow you the peace of mind knowing that your home is being built to your standard. You will know that each piece of your new home is new, and up to regulation. When purchasing a residential home through resale, there could be some uncertainty as to what is behind those existing walls, causing unnecessary stress. 

Ability to Personalize
If you are purchasing a new construction home, you may be interested in going with a custom home, where each thing in that home is custom and tailored to you. However, even if you aren’t purchasing a custom home, the majority of builders offer buyers the opportunity to personalize home features. This could include the number of bedrooms and bathrooms, upgraded appliances, or the types of finishes. 

Improved Energy Efficiency and Upgraded Technology
New homes built today have a higher and more strict standard for energy efficiency, that offer benefits to both the environment and the homeowner. These upgrades can help improve comfort in your home, and can also dramatically reduce utility costs. New homes can also include new “smart” features such as security, lighting, sound systems and thermostat.

Less Maintenance
You may not need to worry about updating things in your home for quite some time, because everything is new! All appliances, windows, heating and cooling systems, roof, finishes, and paint is all new to you and the house. This being said, it is less likely that repairs will be required or suggested within a short time frame of owning your new home. 

Wider Buying Time Frame 
When purchasing a new construction home, there are more options for buying when it comes to the time frame. These time frames could range from immediate occupancy, to occupancy the following year. These options can allow you as the buyer with more flexibility to prepare to sell your current home. Most builders will also have a payment schedule, where certain deposits are expected throughout the building period, which can allow for more financing flexibility while locking in a low interest rate.

When you are purchasing a home, there can be unneeded stress added to your plate when buying home. This could include potential home repairs, unsatisfactory inspections, updates to pre-existing finishes, the list goes on. 

When buying a new construction home, you can have the guarantee of these stresses alleviating due to the builder’s warranty on the house. This warranty typically includes appliances, fixtures, materials, building structure and workmanship. These warranties are considered under Tarion, which provides these statutory warranties that take effect on the date of possession, and can last for a total of seven years. 

Tarion has divided these warranties into three time frames:

One-Year Warranty

• Requires that the home is constructed in a workmanlike manner
• Free from defects in materials
• Protects against unauthorized substitutions of items of construction or finishing that are referred to, or selected by the purchaser, in the purchase agreement
• Ensures that the home is fit for habitation 
• Protects against Ontario Building Code violations

Two-Year Warranty

• Water seepage through the basement or foundation 
• Defects in materials, including windows, doors and caulking, or defects in work that result in water seepage into the building envelope 
• Defects in work or materials in the electrical, plumbing, and heating delivery and distribution systems 
• Covers defects in work or materials that result in the detachment, displacement, or deterioration of exterior 
• Protects against Ontario Building Code violations that affect health and safety

Seven-Year Warranty

• Defects in work or materials that affect a structural load-bearing element of the home, that results in structural failure
• Defects in work or materials that materially compromise a structural load-bearing element of the home, even if failure has not occurred or is not imminent
• Defects in work or materials that materially affect the use of a significant portion of the home