Buying a new home can be daunting in and around itself. Choosing finishes, managing timelines and dealing with deficiencies… Now imagine forgetting about certain upcoming expenses or thinking they were included in your price Here is a list of the top five expenses buyers tend to forget about when looking at buying a new construction, and they might be game changing!
Left in the dark during the important conversations and not required by the CBQ (Code du Bâtiment de Québec) – Gutters are always forgotten about or not mentioned by the contractor because he has no obligation to mention them. Although gutters and downspouts are not required by the CBQ they truly do help keep water away from your home and should not be forgotten once you move in, If your contractor is not including gutters in the final price, allocated between $3,000 – $5,000 budget for it, you wont regret it!
2. Alarm System
While your contractor may pre-wire the home for you, an alarm system is almost always not part of the final pricing. If the safety of your family is on the forefront for you as a homeowner, then make sure to confirm with your contractor that the home is wired for an alarm system. Once you move in you should budget approximately $1,000 for the installation of an alarm system, and monthly fees ranging typically between $20-30/Month if you want to be connected to central.
If you are buying in a built neighbourhood with neighbours on both ends then you will save this expense, but in a true new development, you have to budget for a fence around your home that can usually range around $60-75/linear foot!! Another thing to take into consideration is the height of your fences and railings as well as self closing doors if you are thinking about installing a pool! Make sure to reach out to your municipality to verify any obligations or conditions you might have to follow as the owner of a new home!
Although most people expect this expense when buying a new home, it is important to discuss with your contractor and make sure that your land comes levelled and even all around so that once it comes time to landscape, you will be ready for pavers, pool and grass! The price for landscaping varies widely based on what you want to put in your front and back yard.
This is something most home buyers don’t even know about, but when developing a new area contractors are typically responsible for installing sewers, light posts, pluvial systems and sidewalks/streets. Most times in bigger cities, contractors will sell you a home with infrastructure included in the price, but it does happen and can happen that the contractor is not responsible for infrastructure and passes the cost on to his clients (yeah, that’s right, you!). The worst part? Infrastructure can be in the tens of thousands of dollars!! It is definitely something you want to make sure to ask your contractor about when purchasing a new home!
For more information about new constructions around you, please feel free to give us a call! We’d love to help out!