Considering purchasing a new home? Here are some key points to keep in mind:

New vs. Resale Units:

1. New Units: Offer modern layouts, contemporary designs, and the benefit of being the first occupant.
2. Resale Units: Often represent better value for money, typically around 10% cheaper than new builds, even after renovations.

Square Footage Insights:

1. New Builds: List ‘gross’ square footage, which can be up to 10% more than the ‘net’ (legal) square footage.
2. Resale Units: Must declare ‘net’ square footage, accurately representing usable space.

Important Considerations:

When reselling, the ‘net’ square footage must be declared. Failure to do so can result in legal repercussions. Renovating a resale unit to your preferences can often be a more cost-effective investment.

Do you want to know more? Call me at 514-679-8263