Selecting the right community is just as important as choosing the right home. It’s easy to have a clear picture of what the community offers if it’s already developed, but what if it’s not yet? We understand it may be harder to see a newly developing community’s full potential but, we’ve broken down all the added benefits of purchasing a home in an up-and-coming neighbourhood.

Selecting the right community is just as important as choosing the right home. It’s easy to have a clear picture of what the community offers if it’s already developed, but what if it’s not yet? We understand it may be harder to see a newly developing community’s full potential but, we’ve broken down all the added benefits of purchasing a home in an up-and-coming neighbourhood.

The truth is, there are plenty of advantages to moving into a neighbourhood that’s just getting started. Here are a few reasons you should consider. 

1. Lot Choice 

Throughout the community, there are a variety of lots available. While there are many similarities, some lots have added benefits that make them highly sought after. Corner lots, for example, often offer extra windows along the side of the house. Some lots might have a better view or location, such as backing onto a park or ravine. Some buyers even prefer their homes to be located away from amenities like playgrounds because they want a quieter lifestyle. All of these lots sell quickly. No matter what your preference is, you’ll have an easier time getting your top choice when you purchase at the beginning of the development. Once people start moving in, your choices become more limited.

2. Home Design

There are often community regulations in place to ensure homes close together don’t look too similar. When you’re buying the last lot on the street, you might be extremely limited when it comes to home model, exterior elevation, and exterior colours. Some people don’t care much about the way the outside looks, but if you want complete control, it’s better to get into a neighbourhood early on.

If you’re buying a resale home in an older community, the chances are you won’t get to choose your interior finishings. When purchasing a pre-sale in a developing community, the possibilities are unless. You’ll get to put your own personal stamp on your home and pick out selections such a backsplash, countertops, and cabinets.

Perks of Moving to a Developing Neighbourhood Construction Image3. Builder Promotions

Builders want to get their new developments off to a good start and this means attracting potential purchasers like yourself. At the beginning of the development, pricing and promotions are generally the best they can be! Launch party pricing, free upgrades, or other discounts are all examples of these promotions. Keep an eye out for up and coming communities ‘register now’ pages to be the first to know about these incentives. Of course, it’s always smart to compare prices among builders and even from community to community. Advertised deals may not be as good as you think, so remember to compare because one builder’s ‘free’ may be another builder’s included.

4. New Amenities

Builders develop their communities with nearby amenities in mind. From the location to playgrounds and entertainment to amenities, newly planned communities offer all the modern conveniences you’re searching for. They plan to build things like parks & playgrounds, grocery stores, medical & personal health services, and new schools to accommodate the families who live there. When you’re one of the first families in the neighbourhood, you get to take advantage of these amenities when they’re brand new. That’s a pretty good feeling.

5. Increasing Property Value

In the initial stages of development, it’s harder to say how much properties in a new neighbourhood will be worth. Appraisers tend to err on the side of caution. The good news is the first buyers tend to see increased property value by the time the development nears completion. This is due to the fact of new amenities popping up regularly. If you need to sell your home after 10 years, you may be able to sell it for more than you bought it for.

It’s normal to feel a little nervous about choosing to build your home in a developing neighbourhood, but it’s also a good time to get a great deal for the perfect home. Talk with a builder about their up-and-coming communities, you might realize it’s the perfect place for you.

Photo credits: home, construction

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