Categories
First-Time Buyers

The Perks of Choosing a Newly Constructed Home in Calgary

So, you’re ready to start house hunting in the Calgary housing market? That’s great! One of the first decisions you’ll face is whether to go for a pre-owned resale home or a sparkling newly constructed home. Both have their own charm, but if you’re after a modern, hassle-free, and personalized living experience, new construction might just steal your heart. Here’s are the awesome advantages that come with buying a newly built home in Calgary:

Your Vision, Your Home: The Joy of Customization

Imagine walking into a home that is truly yours, a space that reflects your unique style and personality1. With new construction, you have the power to create a home that is tailored to your specific needs and preferences.

One of our clients were Sarah and her husband. After years of renting, they finally found a home they could truly call their own thanks to Jenga Homes’ affordable new constructed homes.
Now, they can finally enjoy preparing meals and relaxing in spaces that are a true reflection of themselves.

 

Peace of Mind From Day One: Everything is Brand New!

Let’s be honest, dealing with unexpected repairs in an older home can be a real pain. With a new construction home, you can wave goodbye to those worries. Everything is fresh, from the roof to the plumbing, giving you peace of mind and reducing the chances of those dreaded maintenance calls. You can simply unwind and enjoy your new space without the stress of constant upkeep.

Just like Sarah and her husband, who were tired of renting and dealing with repairs in older homes, you can experience the joy of moving into a brand-new space where everything is in pristine condition. 

Energy Savings That Make a Difference

In a world that’s becoming more and more eco-conscious, saving energy is important. New construction homes are built with the newest technologies and materials that are designed to use less energy. Think about better insulation, windows that are good at keeping heat in or out, and appliances that are top-of-the-line when it comes to saving energy.

This not only means you’ll pay less for your utilities each month, but it also helps protect the planet by lowering your impact on it.

Remember Sarah and her husband? They were thrilled to discover how much they were saving on their energy bills after moving into their new Jenga home. Their old rental was drafty and inefficient, but their new home felt comfortable year-round without them having to crank up the heat or air conditioning.

 

Learn more about smart home automation here.

Modern Living: Embrace Contemporary Design

New construction homes often have open floor plans, big kitchens that are perfect for hanging out with family and friends, and fancy bathrooms that feel like your own private spa. You won’t find any of those small, old-fashioned layouts here! Instead, you’ll get to enjoy a sense of openness and connection, making your home the perfect place for both entertaining and everyday life.

For Sarah and her husband?, they always dreamed of having a modern, open kitchen where they could cook together and entertain guests. Their Jenga Home made that dream a reality. Now, they love spending time in their spacious kitchen, which seamlessly flows into the dining and living areas, creating a welcoming and stylish space for gatherings of all sizes.

 

Warranties: Your Safety Net for Peace of Mind

One of the best things about buying a newly built home is the protection you get with builder warranties. These warranties usually cover the most important parts of your home— like the roof, foundation, and appliances—for a certain amount of time.

If anything goes wrong, you’re protected, which means you won’t have to suddenly pay a lot of money for repairs. It’s like a safety net that lets you enjoy your new home without worrying.

Jenga Homes is backed by a team of experienced architects, engineers, and contractors. This means our expertise in making sure your new home is carefully planned and built to the highest standards. At Jenga Homes, we also believe in open communication and being completely transparent throughout the process of buying a home. This means you can make informed decisions and feel confident every step of the way of your home construction journey.

Community Living: Connect and Thrive

Many new construction homes are located in planned communities that offer a wealth of amenities and a strong sense of belonging. Imagine having parks, playgrounds, walking trails, and even community centers right at your doorstep! It’s a great way to meet your neighbors, get involved in local activities, and create lasting friendships.

Jenga Homes’ current project in High River, Alberta, offers exactly this kind of community experience. High River is described as a “picturesque town nestled in the foothills of the Rockies” that “offers the perfect blend of small-town charm and modern conveniences.” This makes it a great place to put down roots and enjoy a connected lifestyle.

Low-Maintenance Living: Time for What You Love

One of the biggest perks of choosing a new construction home is the low-maintenance lifestyle it offers. You can finally say goodbye to weekends spent on endless repairs and chores, and hello to more free time to pursue your passions and spend quality time with loved ones.

Think back to Sarah and her husband. In their old rental, they were constantly battling leaky faucets, creaky floors, and outdated appliances. It felt like every weekend was consumed by some sort of repair or maintenance task. Now, they spend their weekends hiking in the foothills of the Rockies near High River, exploring local farmers’ markets, or simply curling up with a good book in their beautifully designed Jenga home.
Home is finally a place to relax and enjoy during their weekends. 

New construction homes  by Jenga Homes are built with durability and efficiency in mind. Our choice to use high-quality materials and modern construction techniques minimize the need for frequent repairs and upkeep. This means less time spent on tedious chores and more time to focus on the things you love.

 

Enjoy Higher Resale Value: A Smart Investment

Purchasing a new construction home can be a wise investment, especially in a growing real estate market like Calgary.

In the article “The 2024 Calgary Real Estate Market Forecast For Home Owners and Investors” it discusses the positive trends in the Calgary real estate market that support the idea that new construction homes are likely to hold their value well and potentially appreciate over time.

The article also highlights that Calgary’s real estate market is experiencing steady growth, with experts predicting continued appreciation in the coming years. This positive market outlook, combined with the modern features, energy efficiency, and low-maintenance aspects of new construction homes, suggests that these properties are well-positioned for strong resale value in the future.

Think of it this way: Sarah and her husband, are not only enjoying a beautiful and functional home, but should they decide to sell their Jenga Home in the future, they could potentially reap the rewards of a strong real estate market and a desirable, well-maintained property.


Read the 2024 CREB report here.

In Conclusion...

Building a new home is an exciting adventure that allows you to create a space that truly reflects your vision and lifestyle. From the ability to personalize your space, and the peace of mind that comes with a brand-new home, there are many compelling reasons to consider a newly constructed home. Energy efficiency, modern living spaces, and thriving communities are just a few of the advantages that await you.

What next? Download our FREE Home Buyers Glossary. This valuable resource will empower you with explanations of hard real estate terms, to make informed decisions throughout the process.

If you’re ready to see our newly built homes, contact us today on (403)- 454-2218.

Categories
Calgary's Real Estate News

The 2024 Calgary Real Estate Market Forecast for Home Owners and Investors

Welcome to a new year filled with promises and possibilities in Calgary’s real estate market! As 2024 progresses, the Calgary Real Estate Board has unveiled its forecast, providing a roadmap for what lies ahead. In this blog post, we’ll break down the key insights from the forecast, exploring the dynamics that will shape the real estate landscape in Calgary, Alberta, for both homeowners and investors.

 

There will be a Seller’s Market Phenomenon


January 2024 has already seen an impressive surge in sales, up by over 42% compared to the same period in 2023. The buzzword for the better half of 2024 in Calgary’s real estate scene is undoubtedly “seller’s market.” The forecast sets a tone of optimism, predicting a robust market with sellers holding a considerable advantage.

 

 

There’s a Persistent Challenge of Low Inventory

 

Despite the positive outlook, the challenge of low inventory persists. International and interprovincial migration, a significant driver of the low inventory, is expected to slow in 2024. However, the projection indicates that migration will remain strong enough to support housing demand, resulting in continued supply pressure and an upward price trajectory.

 

 

Population Growth Dynamics will Play A Role

 

Calgary’s 2024 population growth is forecasted at 3.6%, a slight dip from the previous year. Notably, the city continues to play a pivotal role in the province’s overall population increase, accounting for nearly half of the growth. This influx of residents strains the housing supply, sustaining high demand and influencing market dynamics.

 

 

Upsizing and Downsizing Trends Are Expected

 

As homeowners with mortgages set for renewal in 2024 consider their options, the market may witness both upsizing and downsizing trends. Some may opt to downsize, contributing to increased inventory, particularly in lower-priced properties. Simultaneously, a more predictable interest rate landscape could lead others to explore upsizing, meeting the needs of growing families.

 

 

There will be a Move Towards a Balanced Market


While a seller’s market is expected to dominate most of 2024, the forecast provides a glimpse of change in the wind. The Calgary Real Estate Board predicts a potential shift towards a balanced market in the year’s second half, signaling a gradual easing of demand. This transition could introduce a more balanced and nuanced real estate landscape.

 

FAQ’s:


1. What is a Seller’s market?

This situation is when heightened demand (for homes) sets the stage for a market where sellers have an advantageous negotiation position.

 

2. What Challenges persist with Low Inventory, and how is Migration contributing to it?

Low inventory remains a challenge primarily due to international and interprovincial migration. Although migration levels are expected to slow in 2024, the influx of residents is anticipated to continue supporting housing demand. This sustained demand on Calgary’s real estate market keeps pressure on supply, resulting in constrained inventory and upward pressure on prices.

 

3. How does Calgary’s Population growth affect the real estate market?

Calgary’s forecasted population growth of 3.6% is a key factor influencing the real estate market. The city has been a significant contributor to the province’s population growth, accounting for nearly half of the increase. This influx of residents intensifies the demand for housing, contributing to the current market dynamics.

 

4. What are the Effects of  Upsizing and Downsizing Trends among homeowners in 2024?

In 2024, homeowners with mortgages set for renewal might contribute to increased inventory by considering downsizing, particularly into lower-priced properties. Simultaneously, a predictable interest rate landscape may prompt others to upsize, catering to the needs of growing families. These contrasting trends could impact the market’s higher and lower price points.

 

5. When will there be a Balanced Market and what factors contribute to this prediction?

While a seller’s market is anticipated for most of the year, the forecast suggests a potential shift toward a balanced market in the second half of 2024. Factors contributing to this prediction include the gradual easing of demand. As the year progresses, the Calgary real estate market is expected to move towards equilibrium, providing a more balanced environment for buyers and sellers.

 

Conclusion

 

As we navigate the intricate terrain of Calgary’s real estate market in 2024, being well-prepared is key. Consulting with a trusted real estate professional cannot be overstated for those contemplating a home purchase. Investors can use this Calgary Real Estate Market’s comprehensive forecast to make informed decisions in this dynamic market.

If you’re ready to explore current homes available for purchase, contact us today. We’re building new homes in Calgary, and we’d be happy to discuss current and upcoming projects. Secure your dream property with us and confidently start your real estate journey in the year ahead. Here’s to a successful and fulfilling 2024 in Calgary’s real estate market!

Prepare for your house hunting process with our FREE helpful Home Buyers Glossary. It will help you become confident in understanding the common real estate jargon. Use it to enjoy a smoother home buying journey by clicking here.