The advantage of flipping new build properties in the GTA (Greater Toronto Area) over traditional resale homes is that there are zero renovations to budget for. You have control over what type of floor plan and design features and be able to create the perfect, most desirable property to flip built from the ground up.

With regard to the necessity of having a renovation budget when considering pre-owned homes, it’s hard to pin down an amount. This is especially true considering resale homes can often be a source of surprises, and not the good kind. Any problems missed after the home inspection on a resale home will cut into the entirety of budget, delay your timeline and ultimately your deplete any potential profits.

Why Home Buyers in the GTA Find New Build Properties The Best Investment

Typically, the type of buyers who want to buy new builds over resale homes don’t have the time, or interest in any renovations after purchase. They find the new showroom appeal of a house that has never been lived in before a novel experience.

People who are obsessed with keeping their home ultra clean and sanitized find new builds especially attractive. Many buyers who consider buying new build also do so because they are aware that new homes are much more energy efficient and require much less maintenance than older resale homes.

Why You Need a Real Estate Agent for New Build Properties in the GTA

If you don’t already have a real estate agent on your team, then it is essential that you find one to work with. An exceptionally lucrative tip that experienced house flippers keep in their back pocket is, that when shopping for a real estate agent they do so online. This ensures that if there or any deals or incentives to be had during the buying or selling stages, that they can take full advantage.

For example, one innovative site that is widely applauded for giving their members both amazing value and philanthropic rewards is Shop2Save. The amazing value comes from the crowd pricing benefits to be had, the real cashback rewards dollars that can be earned when arranging professional services such as real estate and mortgage lending, and the great feeling members get knowing that for every dollar generated in revenue when they buy a product or service, 5% goes to Children’s Hospitals in Canada.

A real estate agent will be able to sit down with you and the new build properties GTA sales team to help you ensure that your investment is as successful as possible. This could include getting information on discounts or free upgrades for incentives such as building at a certain time of the year, or for purchasing a specific lot.

The real estate agent can also make the best suggestions as far as creating a floor plan and features that will appeal to the majority of home buyers in the market, based on previous and projected sales trends in the area.

Why Flipping New Build Properties in the GTA is a Solid Venture

The GTA, and Toronto especially have a lot of older homes. Older homes tend to not offer a lot (or any) modern proven-to-sell features such as open concept areas, en-suite bathrooms and larger bedrooms. Opting for new builds over resale homes just makes the most sense based on the fact it is often more cost effective to tear down the existing structure and build something new with more market appeal.

For instance, older homes in the GTA tend to be one-story bungalows. Today’s GTA homebuyer wants the larger square footage that can be obtained in multi-level homes. When you compare the cost of renovating to modernize or adding additional floors with the cost of simply building from new, new builds are, hands down the more solid venture.

Take control of your profit by flipping new build properties in the GTA!