Newly-built homes have enormous appeal. Buyers are captivated by the enchanting thoughts of a home that's bright, fresh, clean, modern and, of course, new. Buyers can customize it to taste - interior colours, decor and finishings. Often you can choose from a variety of models and styles, instead of having to simply buy "what's there".

Unlike resale homes, many brand new homes have a warranty covering defects in materials and workmanship, and leaky basements. And a new survey is always available.

Buyers can get good value buying from a builder - by including extras, options and upgrades in the price, plus deep discount mortgage financing.

But before you purchase a brand new home, be sold on the builder; investigate its reputation, its background, and the quality of its work. Check with the Ottawa New Home Builders Association or Ontario New Home Warranty Program for information. And don't be afraid to bang on doors and ask other buyers what they think of the builder.