3 Things to Consider Before Shopping for a New Home in St. John’s

Steve Winters
Steve Winters
Published on March 12, 2018

The homebuying process is one that is full of decisions. Do you want a house or a condo? Should you shop for a new or an existing home? What location for your new home in St. John’s or surrounding areas do I want to live?

If you settle on a newly-built home, a whole new set of decisions enters the picture.

Before you hop in the car to visit new home communities like Galway or Clovelly subdivisions, there  are a few things you should do to protect yourself during the purchase process.

Lay the foundation properly, and you’ll make it to closing with nary a hitch.

1. Get Clear on your Finances

Walking into a new-home purchase without knowing how much you can afford to spend on a house is not a good feeling.

Since buying this home may be the biggest financial decision of your life, you owe it to yourself to go into the process with as much knowledge as possible. Visit Kirk Simms with RBC and find out what flexible financing solutions are right for you.

See a mortgage specialists before viewing even one home. Find out how much you can spend and then stick to that price range when shopping for a home.

2. Choose a Community not just a subdivision

New home subdivisions offer various amenities close by.  This is a great selling feature of any new home in St. John’s. In addition, I highly recommend getting a feel for the subdivision as a whole – it’s neighbours and a sense of the community. If you go to Clovelly for example you will quickly see lots of children playing hockey in the streets and people walking on the trails.  A great community family feel.

Then, make a list of features you desire in a new community. Some of the criteria you may choose include:

  • Proximity to schools.
  • Outdoor recreational opportunities
  • An area with lots of children or, on the other hand, few kids.
  • Your commute time to work.

Once you know your budget, and what you’re looking for in a neighborhood, it’s easier to narrow down where to shop.

3. Research the Builder

When buying a new home in St. John’s research the builder!  There are a number of ways to do this, but starting with the Better Business Bureau is a good first step. Check for complaints against the builder and the company.

Ask your St. John’s Realtor® what he or she knows about the builder and any new home in St. John’s they build.

Find out what other communities the builder has helped developed and visit one or two of them.

Stop and chat with any residents you come across to find out if there are any common problems with the home.

Remember can certainly assist you when buying any new home in St. John’s and surrounding area.  Buyer’s representation costs you nothing – so there is really no reason not to hire your own representation for such an important investment.

Ask the builder for a walk-through of the new-home buying process—find out the schedule, the number of inspections that will be performed and get a features sheet list.

Arm yourself with as much information as possible and the process will go smoothly.