1. Visit your financial institution and ask to be pre-approved for a mortgage - this will help you know how much you can afford and consequently focus your search for your "new" home;
2. Make a list of "wants" versus "needs"
3. Visit display suites, compare asking prices and selling prices, and check out local amenities and the neighborhood;
4. Do not be lured by a beautiful brochure, a comfortable floor plan, or the new finishing. All of these appeal to buyers' emotions. Despite public perception, a new home is not automatically guaranteed to be well built or perfect. It is essential to research the builder.
5. Some important questions to ask:
* How long has the builder been in business?
* What are the names and addresses of the homes and projects the builder has constructed?
* Ask for references &/or home owners who have purchased from this builder:
6. Inquire as to the availability and applicability of the New Home Warranty Program;
7. Hire a lawyer (or Notary) to represent your interest and to review all documents on your behalf