What to Consider When Buying Pre-Construction and Newly Built Homes

Opting for a new build at Applewood Meadows means choosing a lifestyle defined by modern space, where innovation meets comfort, and being surrounded by nature at every corner. Whether you are a down sizer, empty nester, or growing family, there are several factors to consider when buying a pre-construction or newly built home, and as part of our commitment to transparent communication throughout the buying process, we’ve shared some of the benefits and potential drawbacks below.

Modern Amenities & Features

New build homes feature modern amenities like energy-efficient appliances, open floor plans, high ceilings, and upgraded fixtures.

Buying new ensures access to these conveniences and design elements often lacking in older properties.

Customization Options

Applewood Meadows offers customizable finishes, features, appealing to buyers seeking personalized living spaces. With options ranging from flooring materials to paint colours, buyers can create a home that reflects their unique style and needs.

Reduced Maintenance & Repair Costs

Purchasing a pre-construction home or new build offers low-maintenance living with reduced maintenance and repair costs since the features are brand new minimizing the likelihood of major issues. With this, homes often come with warranties, providing peace of mind and long-term savings for buyers.

Lower Prices on Pre-Construction Homes

Pre-construction homes typically offer lower initial prices compared to market-ready homes, allowing buyers to benefit from future property value appreciation.

Investment Potential

Brighton, being close to natural attractions and major highways, is experiencing growth, making pre-construction/ new homes a great investment as property values increase with community development.

Considering Potential Drawbacks

While there are several benefits, there are also potential drawbacks to buying pre-construction or new builds. Ultimately, the decision is up to you and we want to make sure you also consider the following:

  • Delays: construction timelines can potentially be delayed, sometimes pushing back the move-in date

  • Market fluctuations: real estate markets can change, meaning homes may not appreciate as expected or could be worth less on completion

  • Limited information: buyers often purchase based on plans without seeing the finished product and which can lead to misaligned expectations. Keep in mind, we have model homes available at Applewood Meadows and we are happy to provide you with a tour so that you can experience the quality first hand

  • Changes to design: builders may alter designs or materials due to construction, supply and regulatory issues

  • Financing risks: depending on your financial situation, securing a mortgage for pre-construction can be challenging especially if the home’s completion is far in the future. As a buyer it is your responsibility to ensure you can still qualify by the time the build has finished. At Applewood Meadows, we often offer incentives and partnership opportunities, so please reach out to learn more about how these options may impact your buying power

At Applewood Meadows, you’re not just moving into a new house; you’re stepping into a home design to grow with you, adapting to your life’s every phase with grace and ease.

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