New Houses for Sale in Edmonton
Home Builder in Edmonton for 65 Years
At Sterling Homes, we believe that when you trust that you are in the right hands, you just sleep better. When you choose Sterling as your home builder in Edmonton, you can sleep well knowing you are in a quality built home provided by a company with over 65 years of home building experience. You can also sleep well knowing you have made a great investment in your family’s future. If you are home builder in Edmonton, we want you to rest easy knowing that Sterling is hard at work for you while you sleep. Don’t be left dreaming of #TheSterlingSleep #ProudEdmontonHomeBuilder #BestHomeBuilder
Where We Build
At Sterling Homes, we have new homes for sale in communities where people want to live. We choose our communities carefully, investing in areas with the schools, the healthcare, the shopping, and the entertainment.
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Proud Winner of the Consumer Choice Award
Smart home buying decisions happen by choice, not by chance.
Sterling Homes is proud to be the winner of the Consumer’s Choice Award for Best Home Builder in Edmonton in the category of Home Building for 2020!
New Home Buyers Guide
Everything you need to know about buying your new home!
New Home Buyers Guide
So you're ready to ditch your old home or cramped living space and graduate up to a beautiful new home or downsize into that perfectly portioned home -- or even if you're new to Canada or looking for a hot real estate opportunity -- new houses for sale in Edmonton are sure to fit every budget and consideration. But with all the possibilities, where should you start? Here at Sterling Homes Edmonton, we have the resources to help every type of homebuyer find their perfect new home, whether you're a first-time home buyer or you're looking to trade in your existing home for a better fit.
First-Time Home Buyers
If you're looking to buy a new home, there's a lot to consider. New homes are being built every day, and there's no shortage of resales all across Edmonton. But if you've ever had the pleasure of buying a new car, you know that the feel of buying new just can't be equaled with a new-to-you purchase. But, unlike cars, the home and the land it sits on is unique, sharing that spot with no other place in the world. Furthermore, you don't get that crucial new home warranty with a resale, so if any major components of your new home fail anytime after the day you move in, you'll be on the hook for their repair or replacement.
With a new home, the 1-2-5-10 home warranty protects you against defects or failure of the major components of your new home. Additionally, a new home will cost you less to heat and cool, and energy efficient appliances will save you money each time you do laundry, wash the dishes or flush the toilet. And because new homes are more trendy and modern, you'll be able to easily sell it without a costly renovation if you need to relocate for any reason.
Move-Up Home Buyers
For buyers that are looking to find a better fit for themselves and their families, new houses for sale in Edmonton provide ample opportunity to move on up. But if you already own a home, odds are most of your capital is tied up in your existing home. Unless you have a significant sum of money stashed away, you'll need the equity from your existing home to help pay for a new home, and the money you still owe can't be used for something else until you sell your home and cash out.
The good thing is that you don't need to sell your current home and try to find a temporary place to live before you buy your next home -- you can include a provision in your offer that your current home must be sold prior to purchasing the new home. Under this type of agreement, you're only obligated to buy the home if your current home sells, helping you avoid the issue of two concurrent mortgages.
Home Buyers & Downsizing
When the home you've lived in for years has left you in need of a better fit, you may want to think smaller for your next home. Better yet, unlike older homes that need continuous maintenance and costly repairs and replacement when the next thing inevitably breaks, new houses for sale in Edmonton are covered with warranties that protect your new home from material, labor and structural defects for up to 10 years.
Per the New Home Buyer Protection Act, all homes in Alberta are covered by these mandatory warranties, and the small added cost more than outweighs what you'll be out of pocket for if your home has a major system fail or a structural problem after you move in. So whether you're looking to retire, cash out equity from your current home or you're just wanting a more central location close to your family and friends, a new home in Edmonton could be just what you need as you enter this next phase of your life.
New to Canada?
If you're interested in new houses for sale in Edmonton but you're new to the country and our home buying process, you can rest easy knowing that it's likely similar to the process in your home country. With terms between 10 and 25 years and renewals every three to five years, a home loan or mortgage spreads out the loan amount and an interest rate over the duration of the loan, meaning you'll likely pay more in interest at the beginning of the loan than at the end. Some mortgages include property taxes, homeowners insurance and other common fees, and can add a few hundred dollars a month to your mortgage payments.
Other things to consider is whether your mortgage is open or closed and whether the interest rate is variable or fixed. Open mortgages give you greater flexibility by allowing you to make extra payments to help pay down your loan quicker, while closed loans have more restrictions. In a variable rate mortgage, the interest rate -- and what you owe each month -- changes over time, usually after a year or two. But while variable rate loans typically have a much lower introductory payment, your mortgage could increase dramatically over time and end up much higher than a fixed rate mortgage that has a locked-in interest rate and monthly payment.
New houses for sale in Edmonton represent some of the best real estate investment opportunities in Canada today. Even if you have another home base and you're not interested in doing the daily landlord thing, a property management company can help you find and keep tenants -- the only thing you have to do is sit back and watch your property's value go up. With the right plan, you could even pay for the property by renting it, and then turn around and sell it for an even bigger payoff down the line. From townhomes and duplexes to laned and front attached homes, there are new homes for sale in Edmonton that fit every budget and need.
That said, being a landlord isn't the same for everyone. While many make a substantial income and more with rental properties across Edmonton -- they may even employ full-time staffers to help them manage the day-to-day -- others are content to fix up their basement or back house and rent it out for some extra spending cash. Others prefer to leave it to the professionals, electing to pay a small management fee to keep the issues and headaches at bay. All are valid options, and it's important to determine what kind of landlord you'd like to be before you buy another piece of property.