Less new homes have been sold in the last year or so, due to home buyers finding foreclosed homes more affordable in light of the recent recession. Research in the property market has however established that buyers now prefer ‘green’ homes to luxury homes with non-green additions.
Forty nine percent of those looking to buy homes, preferred homes containing devices which aid energy saving such as solar panels over luxury features. Only 31 percent of those interviewed preferred luxury features.
The neighborhood, in which the new home is located, is also an important consideration. People prefer their new homes to be in areas with low crime rates and in close proximity to their place of work. Only 6% of respondents would be prepared to sacrifice their proximity to shopping malls, whilst 3% of people would sacrifice their proximity to public transportation, such as bus routes.
Significantly more respondents, compared to previous surveys are prepared to sacrifice personal comfort in order to be able to afford a new home.
Despite the financial difficulty a new home purchase would bring, 81 percent of people interviewed still want to purchase new homes. After the elections in the US, researchers predict a hike in the property industry.
Many respondents wish to buy a new home in the next 5 years and with the recession coming to an end; it may now be time to do just that
Purchasing your own home is an incredible feeling and even better is to buy ‘off the plans’ which enables you to choose your own designs within a custom set as well as your own fixtures such as wardrobes and tiles.
Developers that specialize in developing new homes prefer hiring in-house real estate agents which they pay a commission to in order for the agent to represent them. However, with the high volume of new home developments all over the world, real estate agents that sell new developments earn a lower commission on new home sales than on typical home sales. Due to this, some of them pressurize buyers into signing. It is always a good idea to carefully select your own real estate agent who will disclose drawbacks about your new home before you sign anything.
This may not be the case when you use a developer’s agent.
The developer may also want to use his or her own lender for financing, as this allows the developer to stay informed as to the progress of your loan application. Your lender should be reputable and you should feel at ease around him or her.
‘Green’ homes are preferable to many. Select a real estate agent interested in green issues and the environment. This will ensure that your green home will be perfect for you.
Be sure to find a house of the right size for your family, as green homes are generally smaller than conventional homes.
Green homes use solar power to generate energy and low flow toilets which save on water. Double paned windows and other building materials are manufactured from materials that are environmentally friendly and don’t have negative effects on our environment.
Invest in your family’s future by buying your own residence.
Buying a new house is often a convenient reason for relocation. As such, prospective buyers may be interested in finding a Guelph home or a Kitchener new home.
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