Weekly rate minder provided by: Souchita Rattanarasy Dominion Lending Centres Optimum 780-932-2225. Apply online : www.dlconline.com

New Home, Previously Owned or Build Your Own?

When thinking about the kind of home you want, the first thing you should consider is whether you want a previously owned home (often called a resale) or a new home. Here are some characteristics that may help you decide:

New Home

• Modern design. A new home has an up-to-date design that takes into account the latest trends, materials and features.
• Personalized choices. You may be able to upgrade or choose certain items such as siding, flooring, cabinets, plumbing and electrical fixtures.
• Up-to-date with the latest codes/standards. The latest building codes, electrical and energy-efficiency standards will be applied.
• Maintenance costs. Lower maintenance costs because everything is new and many items are covered by a warranty. You should still set aside money every year for future maintenance costs.
• Builder warranty. This is a warranty that may be provided by the builder of the home. Be sure to check all the conditions of the warranty. A homebuilder’s warranty can be important if a major system such as plumbing or heating breaks down.
• New Home Warranty programs. Generally new home warranty programs are provided by provincial and territorial governments, but there are private new home warranty programs. These warranty programs are not available in Nunavut and the Northwest Territories. Check with your real estate agent or lawyer/notary to find out what the new home warranty program in your province or territory covers.
• Neighbourhood amenities such as schools, shopping malls and other services may not be complete for years.
• Taxes such as the Goods and Services Tax (GST) (or, in certain provinces, the Harmonized Sales Tax (HST)) will apply. However, you may qualify for a rebate of part of the GST or HST on homes that cost less than $450,000. For more information about the GST New Housing Rebate program, visit the Canada Revenue Agency website at www.cra-arc.gc.ca
• Extra costs. You may have to pay extra if you want to add a fireplace, plant trees and sod, or pave your driveway. Make sure you know exactly what’s included in the price of your home.

Resale Home

• You can see what you are buying. Easy access to services. Probably established in a neighbourhood with schools, shopping malls and other services.
• Landscaping is usually done and fencing installed. Previously owned homes may have extras like fireplaces or finished basements or swimming pools.
• No GST/HST. You don’t have to pay the GST/HST unless the house has been renovated substantially, and then the taxes are applied as if it were a new house.
• Possible redecorating and renovations. You may need to redecorate, renovate or do major repairs such as replacing the furnace, roof, windows or doors.

Building Your Own Home

Some people prefer the challenge and flexibility of building their own home. On one hand, you make all the decisions about size, design, location, quality of material, level of energy-efficiency and so on. However, you should expect to invest lots of time and energy.

Article written by: Canada Mortgage and Housing Corporation

Weekly rate minder provided by: Souchita Rattanarasy Dominion Lending Centres Optimum 780-932-2225. Apply online : www.dlconline.com

Great starter home in a family-oriented neighborhoud.  This home features all the bedrooms on the upper level.  The master bedroom has a walk-through closet and a door to the 4pce bath. The upstairs bathroom has a modern sink and vanity, as well as a linen closet. The kitchen has lots if cupboard and counter space.  The backyard is fenced and features a firepit and storage shed. Cement pad in the back for parking.  Close to schools, shopping, and public transportation.

1014 sq ft                                                      3 Level Split

3 Bedrooms                                                2 Bathrooms

Price: $269,900

Call Serge today for more information (780) 995-6520

Weekly rate minder provided by: Souchita Rattanarasy Dominion Lending Centres Optimum 780-932-2225. Apply online : www.dlconline.com

Weekly rate minder provided by: Souchita Rattanarasy Dominion Lending Centres Optimum 780-932-2225. Apply online : www.dlconline.com

Weekly rate minder provided by: Souchita Rattanarasy Dominion Lending Centres Optimum 780-932-2225. Apply online : www.dlconline.com

• – Break out the BBQ and enjoy the summer sun in your fenced backyard that overlooks a greenbelt!
• – And for those colder months, you can feel the warmth of the winter sun through the large windows in your oversized kitchen while you watch your kids make snowmen in the yard.
• – Have peace of mind knowing your children will be attending nearby schools.
• – Easy access to Anthony Henday and Whitemud will give you the convenience of easily getting almost anywhere in the city.

1151 sq ft                                                      2 Storey

3 Bedrooms                                                2 Bathrooms

Price: $199,999

Call Serge today for more information (780) 995-6520

7207 – 144 Ave.

Reduced $9,000 for quick sale.  Exceptional 4 bedroom bungalow with a fully finished basement that has suite potential, with a family room that has a dry bar and fireplace.  Also there is a sauna in the basement.  There is a heated double detached garage in the back.  Main floor living room and dining room features hardwood floors, new carpets.  Also recently the roof was redone and a new hot water tank installed.  Located conveniently close to bus route, walking distance to shopping, and schools.  The south facing backyard will allow you to enjoy that afternoon and evening sun, and has a large garden plot.  All the walks are made up of poured concrete and there is a deck in the back yard.

Just Reduced $20,000!