Purchasing a home in Brampton is no joke. Home costs are high from the ninth most populous city of Canada. Due to high population and proximity to Toronto town, Brampton has witnessed an exponential growth in real-estate prices.

If you're interested in purchasing a house in Brampton, you need to contemplate different costs like insurance, mortgage, repairs and upkeep. Also, do not be in a hurry to produce a decision. You might choose to buy a new house because you enjoy the feel of a brand new property. But, escalated real-estate prices in the Peel area are making things difficult for home buyers. In accordance with thestar.com, Brampton home costs climbed by 17 percent in 2016. So, if you buy a new property, you will have to part ways with a lot of money.

Buying an Old Home Makes Sense

When you want to make a real-estate purchase, consider old homes because of the following reasons:

· The median age in Brampton at 33.7. It's the youngest community of Greater Toronto Area. There are lots of first-time and young home buyers in the city. And, if you are a first-time buyer who is looking for affordable options, an old home can be the ideal choice for you.

· Old homes have matching décor and appliances. It means that you don't have to spend money on buying refrigerator, stoves, air conditioner, etc..

· If you buy a brand new home, you will need to spend money on improving the curb appeal of this house. Butif you get an older house, you will be able to prevent the cost. It's because you'll have the opportunity to use the present garden, deck, drive, etc..

Do not worry if the Old Home does not fit your Requirements

People today avoid buying an old home because they're worried about its condition. Moreover, they consider that upgrading the home to match their standards is a costly task. But, the reality differs. You are able to consider renovating your home beautifully with the help of an experienced house renovation contractor. He'll understand your requirements and help you in making your dream house.

Do not make a swift hiring choice. Before hiring any contractor, consider these tips that will create renovating your older home in Brampton a piece of cake:

· Harmonized Sales Tax (HST)

It's a consumption tax that is not applicable on the sale of a new home in Brampton. However, if you undertake the work of renovating your own home substantially, you will need to pay HST. According to the Canada Revenue Agency, large renovation work involves repairing or replacing 90 percent or more of the interior of your property.

An experienced home renovation contractor will possess knowledge about the rules associated with HST. He will assist you in avoiding the tax by showing you ways of minimizing the renovation work. Thus, do not make the mistake of hiring an amateur contractor because it will result in an expensive deal later on.

· Mature Neighborhood Provisions

There are numerous old areas in Brampton. And, the City Council wants to secure their special identities. Back in September 2014, it introduced several new standards to ensure that any change to a home in a mature area is constant with exceptional character of the region. So, if your house is near Bovaird Drive, Dixie Road or any other adult locality, it is very important to consult an experienced home renovation contractor. He'll inform you about the various principles of renovating your home. Additionally, he'll help you in obtaining the site plan approval from the Planning Department of the city.

· Building Permits

It's better to contact a house renovation contractor who has experience of operating in Brampton. Consult with somebody who understands the laws of the city. It can assist you in getting relevant permits from the City of Brampton. If you tackle any type of renovation work without the consent from the Building Division of Brampton City, you'll have to pay hefty fines.

A seasoned house renovation contractor is necessary to inform you about the renovation projects that don't need license from the local authorities. If you undertake the renovation job by yourself, you will not know whether you require a permit for this. It may cause confusion and waste your precious time.

Renovating an old home is not a cause of aggravation. If you rent a great and experienced home renovation contractor, you won't face any problem in updating the home and making it new. Thus, do not spend your hard-earned money on a new home. Instead, make a smart choice of purchasing an old house.