The Inside Scoop On New Homes

Whilst sales of new homes have slumped in recent months due to the fact that buyers found foreclosed homes more affordable, research has shown that buyers prefer 'green' homes to luxury features.

Nearly fifty percent of buyers looking at homes prefer homes with energy saving fixtures like solar panels over luxury fixtures. Thirty one percent of interviewees preferred the luxury fixtures.

A crime free neighborhood is another very important feature. People prefer new homes in areas with low crime rates near their work place. Shopping facilities nearby would only be sacrificed by 6% and only 3%are would sacrifice public transport nearby.

Significantly more respondents, compared to previous surveys are prepared to sacrifice personal comfort in order to be able to afford a new home.

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.

It is an amazing feeling when you buy your first home. Buying 'off the plans' is better still as you get to choose from so many options, from designs, to colors, tiles and fixtures.

New home developers hire real estate agents that are paid to represent the developer and builder. Due to the high volume of new home developments, real estate agents that sell new developments earn a lower percentage commission than for a normal sale and therefore many of them use high-pressure tactics to try and persuade you to sign the offer to purchase or sales contract. Therefore it is a wise idea to hire your own agent who will be more reasonable.

A developer's agent may be less likely to disclose some of the negative aspects 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.

Should you also prefer a 'green' home, enroll a real estate agent who knows much about green and other environmental issues to help secure the ideal green home that will suit 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 use solar power to generate energy and low flow toilets which save on water. Double paned windows and other building materials are manufactured from materials that are environmentally friendly and don't have negative effects on our environment.

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.