5 Reasons Why Buying New Is Best
Buying A Condo : Tips And Tricks To Make The Right Choice
A condo is a great investment
The value of your property will increase over time. Right now, buying a condo is one of the best investments you can make.
Financial assistance for first-time buyers
In Montreal, first-time buyers of a new property, with a maximum purchase price of $200,000 for single buyers and $250,000 for couples, receive a lump-sum payment of $ 4,500. Households with at least one child purchasing a home with a maximum purchase price of $280,000 or $360,000 (depending on the number of rooms and the total area of the dwelling) receive a lump-sum payment of $10,000 or $12,500, as well as a full refund of the “welcome” tax.
The guarantee plan for new residential buildings
If your builder has a licence from the Régie du bâtiment du Québec, your building is protected by a provincial insurance plan which covers work completion and non-apparent defects up to one year after the date of occupancy, latent defects up to three years after the date of occupancy, and major defects up to five years after the date of occupancy.
You can personalize your home
Make the condo your very own by selecting your countertops, cabinetry, the location of the electrical outlets, and other features.
You’re the first owner
For some buyers, the fact, for example, that they’re the very first to use a new shower in a new bathroom is a huge advantage. Plus, you don’t have to pay for costly renovations to fix the previous owner’s out-of-date or unappealing décor!