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 when 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

When you’re purchasing in a developing community, you have the most variety of floor plans to choose from. Take our Gabriel model, for example. This model is a highly sought-after floor plan and sells out very quickly in our communities. 

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

3. 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 community’s ‘register now’ pages to be the first to know about these incentives.  

4. New Amenities

Builders develop their communities with nearby amenities in mind & ease of lifestyle for the homeowners. 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. Connect with us today to learn more about our up-and-coming communities & why they might be the perfect place for you to call home!

Photo credits: home, construction