| New Vs. Resale |
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| Many people ask “Should I buy new or resale”? There really is no right answer. There are pros and cons to both; The choice that's right for you can depend on many things such as: your finances, your family composition and your taste. |
| Below are a few points to consider when you are weighting the right decision for purchase: |
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| New: |
| Pros |
Cons |
| Choices of options and upgrades |
Closing dates could be far out |
| Have more time to save for a down payment |
Delayed closings due to construction |
| You are the first to live there |
Hard to visualize the space |
| Everything is new |
How much storage space really exists? |
| Prices might allow you to live in a desirable neighbourhood |
Hard to determine the long term quality of the condo |
| Modern energy efficient appliances |
Condo Corporation’s reserve fund is just starting to grow – maintenance fees are not yet established |
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Resale: |
| Pros |
Cons |
| What you see is what you get |
Might have to do some repairs/upgrades |
| Know your view (through windows) |
Living in someone else’s space |
| Established neighbourhood – less worries that a new building will be built right in front of your window |
Availability |
| Known storage space |
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| Known move in date |
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| Condo Corporation more established |
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Contact me for more information… |
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