From beautiful homes to brand-new amenities, there are numerous advantages to becoming a part of a developing neighborhood. If you’re considering investing in a new community, here are a few things to consider.
You Get to Choose Your Lot
One of the primary perks of opting for a new construction home in a brand-new community is the ability to pick your lot. From tree-lined parcels with pie-shaped yards to walk-out lots offering scenic waterfront views, the choices are endless when it comes to choosing the perfect location for your new home.
You may also choose a lot near the neighborhood’s best planned amenities, such as parks and playgrounds, schools or future commercial development. As lot sizes and shapes directly impact your future home’s square footage, layout and orientation, buying in the earlier stages of development may also afford you a better floor plan.
See also: Benefits of Public Lot Communities
Work Within Your Timeline
In most new communities, Edmonton home builders offer inventory within varying stages of construction, giving you greater control over your new home timeline.
For example, quick possessions are brand-new homes already outfitted with the latest finishes and features. These homes are ideal for buyers looking to skip the construction phase in favor of a modern home that’s 100% move-in ready. This, of course, is on the opposite end of the spectrum from a pre-construction home, which will give you more time to finalize the sale of your current home, organize your finances and custom-tailor your new home to your exact specifications.
Last but not least is the “spec home.” Somewhere between a quick possession and a ground-up build, spec homes are already in progress, BUT they still afford you some say regarding the overall outcome (finishes and features, mostly).
All the Best Amenities
Newly developing communities are planned communities. As such, developers choose the area’s location based on proximity to essential amenities such as schools, services, shops, commuter roads (as well as new roads and infrastructure), restaurants, recreation venues, etc. Planned development will also see the addition of several new, community-centric amenities, including parks, playgrounds, walking and hiking trails, picnic areas, community centers and accessible commercial areas.
Check out our previous post: What are the Common Characteristics of a Strong Community? 5 Things to Consider!
Increased Home Value
Speaking of amenities, did you know that your home’s resale value will increase as the community develops? The addition of a brand new school, for instance, will see an increase in both property values and real estate prices overall.
Here, too, home buyer demand will also drive property values and pricing in the area. As inventory becomes limited, home prices become more competitive, driving up the value of other properties in the area. Combine improved value due to development with regular year-over-year property appreciation, and you can look forward to a healthy return on your investment when and if you decide to sell your new home.
Potential Promo Pricing
New communities often come accompanied by promotional and incentive pricing. These may include everything from free features and upgrades offered by the builder to discounted lot pricing directly from the developer. For example, the Landrex community of Westwinds in Morinville is currently offering substantial savings on lot purchases for those who buy into the community early. Ultimately, these buyer incentives can amount to tens of thousands of dollars, allowing you to focus your finances on what matters most.
Partner With the Best Builders
There are typically several builders within a new community during development – including everything from custom to spec builders. As such, you can choose from many contractors already in the community, depending on which model, floor plan, and pricing best suit your needs. Some developments may also allow you to “bring your own builder,” in which case you can bring any builder of your choosing (not just those operating in the neighborhood).
Keep in mind, you can easily get a feel for the builder’s work by asking questions and visiting any one of their show homes.
Exciting New Communities Brought to You By Landrex
Learn more about new Landrex developments around the capital region, including:
- East Pine
- Heritage Valley Estates
- Sherwood Golf and Country Club Estates
- Windsor Pointe
- Heartland Meadows
- Erin Ridge North
- Eve at Erin Ridge
- East Village
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