Build­ing a new home a good in­vest­ment

Winnipeg Free Press - Section G - - HOMES - By Mike Moore

FOR those of you who vis­ited a num­ber of show homes dur­ing the Spring Pa­rade of Homes, you may have no­ticed some brochures high­light­ing the top rea­sons to build a new home. We don’t have enough space to go through all of them here; how­ever, the fol­low­ing are a few key ones. In­ter­est rates re­main ex­tremely low. There hasn’t even been a hint of the most nom­i­nal in­crease un­til late 2016, and again, a small in­crease at that. If you want to take ad­van­tage of the vari­able rate, you can do so. A fixed fiveyear mort­gage is avail­able at as­tound­ingly low rates. Man­i­toba home val­ues con­tinue to in­crease ev­ery year. A new home is an ex­cel­lent in­vest­ment. Fur­ther­more, it is an in­vest­ment that has dou­bled in value over the past 15 years. How many of your other in­vest­ments have that track record? You are living in that in­vest­ment and rais­ing your fam­ily and en­ter­tain­ing friends in that in­vest­ment. Hard to do that with a bond or stock. Quite im­mod­estly, I will state Man­i­toba new homes are the best built in Canada. Our en­ergy ef­fi­ciency is un­matched. It has to be. We can ex­pe­ri­ence a tem­per­a­ture swing from -40 C to 30 C in a few months. The Man­i­toba new-home in­dus­try stays ahead of the pack in the de­sign and con­struc­tion of new homes. We were the first in Canada to im­ple­ment heat re­cov­ery ven­ti­la­tors. We’re the first to im­ple­ment drain wa­ter heat re­cov­ery sys­tems. We made low-flush toi­lets the in­dus­try stan­dard long be­fore leg­is­la­tion was in­tro­duced. We’ve talked about af­ford­abil­ity and qual­ity; the last key point to cover is choice. With a new home, you can build in the neigh­bour­hood you choose and the lot you choose. More im­por­tantly, you choose the style of home. You don’t have to wish you had an ex­tra bed­room; you can de­sign and build one into your home. You don’t have to wish your kitchen was laid out dif­fer­ently; you can de­sign and build it to your tastes. You don’t have to knock out a wall or two to open things up; you can de­sign and build it just the way you want. Why spend time and money wish­ing things were dif­fer­ent when you can do it right the first time? The Spring Pa­rade gen­er­ated a lot of in­ter­est in the new-home mar­ket. The weather was per­fect and so vis­i­tors could not only see all as­pects of the show home, but they could also drive to prospec­tive neigh­bour­hoods and ac­tu­ally en­vi­sion that home in this spe­cific lot with them living in that home. There are many rea­sons why now is a good time to build. Re­visit the var­i­ous show homes from the Pa­rade and choose your new home.

Mike Moore is pres­i­dent of the Man­i­toba Home Builders’ As­so­ci­a­tion

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