Buying a New Property to avoid house sale

It's decided: you will soon be the owner of a new property invetsment. But, then, is it better to buy a new property or acquire an existing house? Here are several good reasons to opt for a new home. 

New Property for WARRANTIES 

"Any contractor who constructs a new residential house consisting of four units and less shall be accredited to a security plan to the Provincial Association of House Builders or Guarantee of the Master Builders, "says Sylvain Beausoleil. These house guarantees, usually extend over a period of five years, covering various aspects such as protection of deposits, delivery delays, house defects apparent in the possession, non-apparent poor workmanship found during the first year, as well as latent defects and construction defects.

For savings money on property purchase 

"Because new homes are designed with high standards and strict respect to thermal insulation and sealing of buildings, their heating costs are generally lower than those of existing homes," explains Sylvain Beauso -Leila. "Similarly, says Jasmin Girard, maintenance of a recent house sale because of new construction is easier and costs are lower than a home built for longer. In principle, if it a house was well built, the new house will not require repair for several years and will not need you to sell house quickly.

BY CHOOSING TO BUY A NEW HOUSE, YOU HAVE THE OPPORTUNITY TO CUSTOMIZE ITS FEATURES WITHOUT REQUIREMEN FOR RENOVATIONS. 

NEW HOUSE IS BETTER FOR TAXES 

Depending on the value of the property you buy, you may be entitled to reimbursement of part of the GST and QST, up to 36% of the amount representing such taxes. "It must be remembered that as the value of the residence, the higher the percentage it is possible to reduce demand," said Sylvain Beausoleil. This is good for people who are saying I want to sell my house fast due to higher taxes.

BENEFIT FROM GRANTS 

Several grant programs and credits offered by various government help prospective buyers to accumulate the downpayment needed to purchase a new home. Moreover, it is possible to obtain certain rebates, thanks to Hydro-Quebec, which gives $ 2,000 to owners of new homes accredited Novoclimat and electrically heated.

Furthermore, the Accès Condos program, proposed by the Housing Corporation and Development (SHDM), allows buyers of a condominium located on the island of Montreal to see move 10% of their investment, through a deposit of $ 1000. "Some municipalities also offer a Quebec tax holiday to attract new residential construction in their territory, says Jasmin Girard. It is therefore worthwhile to learn.

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