Prominent Home Builder building best New Homes in Edmonton
Your new home with Prominent homes is going to be awesome. As a professional home builders with 28 years of experience in new home building in Edmonton,We have mastered the art of home building to put highest standards into each home we build. Each new home is build to customer needs and satisfaction. Prominent help you minimize the stress associated with building new homes in Edmonton.
Prominent Homes has won awards in best home builders Edmonton, and is building homes in some of the best new home communities in the Edmonton and Leduc area. We follow highest building standards in the residential home building industry. Prominent Homes is committed to building the highest quality new homes with Most affordable prices and highest standards. Browse through our new home plans and Quick possession homes in communities of Edmonton and Leduc.
New Home Buyers Guide
Are you planning to buy a new home or looking to upgrade to a new home that suits your needs, or are you a newcomer Canada and looking for a starter home? Want a house for sale in Edmonton which fits your budget and all your consideration? With all these thoughts, are you confused, where to start? Here at Prominent Homes Edmonton, we will answer your questions and assist you in the home buying process. We help you find a perfect home; either you are buying a home for the first time or looking to upgrade or downsize from your existing house.
BUYING FOR THE FIRST TIME?
The feeling of having your own house for the first time is boundless. There are so many factors to consider when buying your new home.
Having your own home means you need not to share your spot with someone else in this world. You don’t get a new home warranty when you buy an old home, so after buying a house, any issues in the house will lead to only repairs and high bills. New homes come with a warranty that protects you against any major faults or failure of the home appliances.
Our new homes come with new technologies that help cut your utility cost, such as energy-efficient appliances, will save your money each time you wash your dishes, do laundry, etc. Even if you need to sell it in the future due to any reason you don’t require any renovations as your homes are trendy and more modern.
Looking to upgrade to a bigger home? Tips
The buyers who are planning to move up from their existing house for the better fit for themselves or their family. New home sales in Edmonton provide so many chances to move up. For moving up, you need a lot of capital, and in most cases, your capital is tied up in your existing home. And selling a home is an issue sometimes. Even if you have saved a significant amount of money, you’ll need the value from your existing home to help pay for a new home.
You can avoid two major problems i.e., selling a current home and finding a temporary place to live before a new house. When you are making an offer, include a provision that your existing home must be sold before purchasing the new home. This agreement will help you solve two problems i.e., and you are bound to buy the home only if the current home sells and also avoids the issue of two concurrent mortgages.
Looking to Downsize?
Maintaining a big house could be an issue in some situations. Continuous maintenance, costly repairs, and regular replacement tend to make a hole in your pocket. You better think of having a compact ( smaller) home for the next time. Today a new home for sale in Edmonton protects your new home with the help of warranties up to ten years. These warranties may include material, labor, and structural defects.
According to the New Home Buyer Protection Act, all the homes should be covered by necessary warranties. So, if you want to downsize your current home or look for some better location near your dear ones, a new home in Edmonton could be the best decision of all.
RECENTLY MIGRATED TO CANADA?
Are you keen on a new home sale in Edmonton? Unaware of the home buying process in Edmonton? You can calm down and relax as the home buying process is similar to your home country. A home loan or mortgage with terms between 10 and 25 years and renewals after every 3 to 5 years, spreads the number of loans and interest rate throughout the loan. This means that you need to pay more at the beginning of the loan compared to the end. Your mortgage payment can include property taxes, owners’ insurance, other common fees, and a few hundred dollars per month.
Type of mortgage should also be considered, such as an open or closed mortgage, and if the interest rate is fixed. In an open mortgage, you can make an extra payment and quickly repay your loan, whereas closed loans are more restricted. In variable interest rate loans, interest rates keep on changing after a year or two. Variable interest rate loans may not be a burden initially, but it could increase over time. The fixed-rate has a locked-in interest rate and monthly payments.
REAL ESTATE INVESTOR
With low Mortgage rates, Edmonton with low home rates continues as one of the best real estate investment opportunities is Edmonton’s new home for sale. Even if a real estate investor is not your cup of tea, the only thing you need to do is the investment on a property, and the rest of the work is handled by a property management company that can help you find and keep tenants. You can enjoy and watch the value of your property go up. You can even rent your property initially and can sell it later on at higher prices. Home Builders have built every kind of house today from townhomes and duplexes to laned and front attached homes and also which suits your budget as well.
Before buying any property, decide in advance which kind of landlord you would like to be, such as some who have fixed the portion of their property for some extra spending cash. Others prefer to rent it to some professional and earn without any headache. Invest your money in real estate and then earn by renting or selling the property.