Your Guide to Buying a New Construction Home

There are many things to consider when choosing a home to buy. Are you wanting to buy a condo or a single-family home? What neighbourhood do you want to live in? How many bedrooms and bathrooms do you want? And, of course, do you want to buy an existing or new construction home?

There are many benefits to buying a new construction home. They often come with warranties, you can have some input on design finishes, and you can be the first family to make memories there. If this sounds like an ideal fit for you, here are some tips to help you buy a new construction property.

Research Builders

When buying a new construction home, you won’t be buying from a seller. Instead, you’ll purchase directly from the homebuilder, which can have pros and cons. It can often lead to blind trustworthiness as a buyer—surely the builder wouldn’t hide any issues like a seller could?

There are many homebuilders in Saskatoon to choose from, with many incredible home designs for sale. Before committing to a particular builder, however, do thorough research on their reputation, experience, and quality of construction. Look for customer reviews, visit show homes or completed projects, and watch for any outstanding complaints or legal issues.

One of the best ways to get an idea of home builders in Saskatoon, though, is to ask a trusted local REALTOR® with experience in new builds. They likely have either worked with or heard of the builders you are considering and can give you their professional opinion on whether or not to buy a new construction home from them.

Ask About Warranties

While new home warranties are mandatory in many Canadian provinces, they are not technically required in Saskatchewan. However, warranties are required by members of the Canadian Home Builders’ Association as part of their membership. This doesn’t mean other builders won’t offer them, so it’s essential to inquire whether they do and what will be covered.

At the very least, most new home warranties typically include deposit insurance and coverage against defects in work, materials, and structure. Other coverages that may be included are mechanical defects, temporary accommodations, and more. Ask for the full details of what is being covered, including terms and durations. Pay close attention to limitations and exclusions, and compare what is offered when searching for a new construction home.

Review Floor Plan & Options

When buying a new build, it is essential to closely examine the floor plan to determine if it suits your wants and needs. Consider the room sizes, layout, and storage space to get an idea of how functional it will be for your lifestyle. And don’t forget to ask about customization options and upgrades available. These could be anything from countertops and flooring to adding a separate entrance for a potential basement suite.

Visit Show Homes

It is typical for home builders to have show homes of their different models available for buyers to walk through. This helps you better understand the construction quality, layout, design, and functionality before committing to a new construction home. You may find yourself more or less impressed with the house than it appeared in photos and blueprints. You’ll also have a better visual to influence your choice of customizations and upgrades.

Get to Know the Neighbourhood

While many new construction homes are built in newer neighbourhoods, like Kensington or Brighton, many new infill developments are happening in Saskatoon. These are new construction homes built in established neighbourhoods. No matter where you are considering purchasing a new construction property, you’ll want to know your neighbourhood.

When researching a neighbourhood, consider essential lifestyle factors, like schools, amenities, and transportation. You should also consider ongoing and/or future developments that may be happening after you move in. Suppose you don’t mind having construction around you. In that case, moving into a neighbourhood still under development may not be a deterrent. 

Get a Home Inspection

As I said before, blind trust in homebuilders is not uncommon. But even new build homes should have a professional home inspection completed before possession day. Home inspectors can identify any construction defects, code violations, or other issues that may have gone unnoticed in the building process. This then provides time for correcting it before you move in, rather than disturbing you later with time-consuming and potentially costly repairs.

Review Your Contract

Before signing to buy a new construction home, carefully review the purchase contract and all associated documents. Pay attention to details such as the estimated completion date, penalties for delays, payment schedule, and any contingencies. Consult with your REALTOR® and a real estate lawyer to protect your interests.

Document Everything

When buying a home, it is crucial to keep detailed records of all communications, contracts, and agreements. This is particularly important when purchasing a new construction home. Get copies of invoices, receipts, and any warranties. Then, if any issues arise during or after the construction process, you will have written records to reference.

Pro Tip: When buying a home with a REALTOR®, they will always keep copies of your documents if needed.

Do a Final Walkthrough

Before taking possession of your new construction home, take a final walkthrough of the house to ensure everything you agreed to is in order. Look for unfinished or defective work and address it with the builder to find a solution before it becomes your problem. Take note of any concerns you may have and get them documented for a record to reference if needed.

Buying a new home is always exciting, especially when it is brand new and all your own! Do your due diligence to protect your investment and end up with a home you can love without stress. And if you’re worried about the process, remember—working with a knowledgeable real estate agent specializing in new construction can provide invaluable guidance. They can help you navigate the complexities and negotiate on your behalf.