New Builds vs. Older Homes in Saskatoon: Which is the Better Investment?

The Big Question

Buyer's looking to buy a home in Saskatoon have a lot to consider . The numebr of bedrooms, garage or no garage, developed or undeveloped basement, est side or west side? One of the top searches in Saskatoon right now is: “Should I buy a new build or an older home?” Both have unique advantages — the right choice depends on your goals and lifestyle. Let's take a look at the two and perhaps help you narrow down your choice.

Why Buyers Love New Builds

Modern layouts: Often synonymous with open-concept living, newer homes feel airy and inviting while allowing families to spend time together with ease. They will often include large ensuites off the primary bedroom, and energy-efficient designs to reduce the energy consumption of a home as well as protect it from things like sewer backup.

Peace of mind: Builder warranties reduce surprise repair costs. Sump pumps in newer homes reduce the risk of water entering the home and radon traps ensure there is a lower chance of exposure to the odourless yet lethal gas.

Customization: Many developments allow upgrades and design choices depending on the builder and stage of construction. Even if finish selection is not an option, the materials used will often be current and on trend so replacement of aesthetic materials won't be needed for a while.

Why Older Homes Still Win Hearts

Character & charm: Hardwood floors, mature trees, and established neighbourhoods. The layouts are unique and are not often replicated in today's modern builds. 

Lot size: Older homes often sit on larger lots with more yard space. It's not uncommon to find 50'+ frontage in more esatblished neighborhoods and under 50' in newer neighborhoods. If you aren't crazy about yard maintenance, perhaps these yards would be too large for you?

Potential equity growth: Renovations can increase value significantly especially if the homes have not been touched since they were built!

Investment Considerations

New Builds: Typically hold value well in the first 5–10 years, especially in growing neighbourhoods like Brighton. Landscaping is not included so if you are looking to use the backyard you will want to set aside anywhere from $50,000-$100,000 for landscaping.

Older Homes: Offer opportunities for equity growth if purchased below market value and renovated strategically. You will typically have a yard ready to use, but may need to use some elbow grease to make it your own.

Final Word

Neither option is “better” across the board — it comes down to lifestyle, budget, and long-term goals. Families wanting low-maintenance living may lean new; investors or handy buyers may find more upside in older homes. I'm Joanne Nagy, a Realtor® and long term resident of Saskatoon. I have lived in older adn new, so can walk you through all considerations making it easier for you to narrow down a home. Reach out at anytime! 306-220-9189 or joanne.nagy.homes@gmail.com.