LOCATION?
• If you do plan on renovating you will need to take into consideration not just the remodel costs, but additional costs to bring your home up to current building codes or to address unforeseen problems. For instance, if you plan on adding a second floor, you may be required to rewire all the existing electrical wiring in the home. • If you want to remodel, but keep your home’s current character, you’ll need to take into consideration that matching and replicating older building materials can be quite hard and quite expensive.
Resale homes:
• Established neighbourhoods.
• Access to urban transit.
• Established infrastructure that gives you the ability to walk to neighbourhood stores, schools, community centres and places of worship.
Custom-built homes:
Custom-built homes:
• Offer a brand-new community complete with new roads and utilities.
• New builds are built to current building code standards. But, discuss the details of any upgrades you would like included to eliminate surprises with the final cost. • You won’t need to budget quite as much for annual maintenance or upkeep because the home is new. If there are defects you can usually get them repaired under the home’s warranty (just be sure to check the warranty guidelines and time limits).
• With a custom build you can choose not only the location - but the placement of the build within the location. • Neighbourhood amenities are being newly developed, often catering to the specific desires of the new residents - i.e. golf courses, parks, attractions.
THE PURCHASE PRICE?
Resale homes:
YOUR WISH LIST?
Darren MacKenzie Master Builder/Owner MacKenzie Builders Services Ltd.
• On a square-foot basis, resale homes are typically less expensive but can be affected by "market demand" inflating some values. • Resale homes mean that price is negotiable, but with increased demand there may be fewer to choose from and finding your dream home could be difficult and you may need to compromise.
Resale homes:
• You almost always have to compromise something on your wish list when buying a resale home. • When buying a home you may need costly renovations to have the important things on your wish list.
Custom-built homes:
Custom-built homes:
MacKenzie Builder Services Ltd. 262 Howe Point Road, Eglington 902.687.1508 C: 902.969.0425 E: darren@mackenziebuilders.ca www.mackenziebuilders.ca
• Obviously a custom home is built "custom" for you and your family. Choosing finishes or making revisions to floor plans mean the build is exactly what you wanted. • Discuss details of your wish list with the builder before construction begins to establish the difference between "must- haves" and "wants" if budget is a big factor.
•Typically the price is set but, you can negotiate the cost of upgrades.
OTHER COSTS?
Resale homes:
• Over the years you will consistently spent more on maintenance with a resale home.
WINTER 2019 www.pei-living.ca
33
Made with FlippingBook - Online catalogs