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.
A safe neighborhood is also a very important factor. New homes should preferably be in low crime areas and should also be close to their workplace. A mere 6% of interviewees are willing to sacrifice their close access to shopping facilities, whilst only 3% of them are willing to sacrifice the proximity to public transport.
A significant amount of respondents, as compared to prior surveys would sacrifice their personal comforts to enable themselves to purchase new homes.
Although 81 percent of respondents are facing significant financial obstacles when purchasing their new homes, the survey predicts a positive change in the property market after the elections.
Most interviewees wish to purchase a new home between now and 2014 and with the recession drawing to a close; now may just be the best time to do it.
Buying your own home is a beautiful feeling and buying ‘off the plans’ is perfect. You get to choose your own tiles, color schemes and in some cases you get to tailor the design by choosing which side you want the staircase or the built-in wardrobes to be.
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.
Developers’ agents are less likely to disclose the drawbacks of the development they represent, whereas your own agent acts as your fiduciary and will be required to point out the positives and negatives of a home to you.
Developers often prefer their own lender, as they will keep the developer fully informed of your personal progress. Be sure to find a reputable lender who you feel comfortable with.
If you, like so many people today want a new ‘green’ home, be sure to hire a real estate agent that knows a great deal about green issues and other environmental issues to help you find the perfect green home for you.
Green homes are often smaller than traditional homes, therefore you need to look around and make sure that the size of your new home will be sufficient for your family.
Green homes make use of solar power in order to generate energy and they use low flow toilets which save water. Double paned windows keep the homes ventilated. The other building materials used for green homes are made from materials that promote environmental friendliness and have no negative effects on the ecosystem.
Buying a new residence is an investment in your family’s future.
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.