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Making the choice between buying a new home or a resale property can be tough. But don’t worry—the Kelowna Real Estate Pros at Nyrose & Associates are here to help. Our team is comprised of experts who specialize in Kelowna’s new home and development market, and we’ve got the knowledge to guide you through the decision-making process. While meeting with our team is the best way to dive into your options, we’ve created a list of some of the top reasons why buying new could be the right fit for you.
One of the biggest perks of buying new is the peace of mind that comes with a 2/5/10 New Home Warranty. In British Columbia, new homes offer, at minimum:
This means less worrying about repairs and fewer unexpected expenses, leaving you with more time to enjoy your new home!
When buying a new home, you might be able to skip the Property Transfer Tax (PTT). Eligible buyers can benefit from the PTT exemption, which means no tax on qualifying homes under $1.1 million. Conditions do apply, so it’s always good to check in with our sales team for details.
As of August 1, 2024, first-time buyers can make their dream of owning a home a little more affordable. With a new 30-year amortization option, buyers purchasing new builds have an extra five years to pay off their mortgage, making monthly payments more manageable.
New homes come with all sorts of modern-day advantages, from energy-efficient designs to cutting-edge technology. Many new builds include double-glazed windows, LED lighting, and rough-ins for EV chargers, making your home more eco-friendly and easier to maintain. Plus, who doesn’t love moving into a space with fresh, on-trend finishes and no wear and tear?
Buying new also means more choice and flexibility! Depending on the stage of construction, you can often choose your preferred colour schemes, finishes, and even make some custom upgrades. For townhomes and condos, you can select the floorplan that suits your lifestyle, while single-family home buyers might get to pick their lot and house design. It’s all about creating a space that fits you perfectly before you even move in.
Ready to buy new? There’s a lot to love about purchasing a new home, from the financial benefits to the modern features and customization options. If you’re thinking about buying new in Kelowna, let Nyrose & Associates help make the process easier. Contact us today to explore your options and find your perfect new home!
