Getting a custom home is something most people consider outside of their ability – even if they don’t know what’s involved. It’s one of those fancy and ambitious things that people equate with unimaginable wealth. The truth is, if you can buy a moderate-sized house, you can have a custom home built. Let’s run through the main points of what’s involved in getting a custom home.
The first thing you need when you plan to get a custom home is a custom home design. It’s helpful if you already have an idea of what you want your floorplan to look like. However, you can have a design made from scratch if you’re willing to work with your designer. If they can figure out what things you need in a home, they can make a design you’re happy with.
Heidan Construction does design build for people all over Toronto. Design build means we do both the designing and the building. This is much more straightforward than having to commission a design from one company and then bring it to another to have it built. We know what needs you brought to us when you had your new home designed and we can ensure those needs are met all throughout the building process.
Getting a Plot of Land
The plot of land a house is on contributes to the cost in real estate. So, when you have a custom home built, you’ll have to buy a plot of land for it to be built on. It may feel like an additional cost when you’re buying it, but it’s not. You would have been paying for the land in the price of an already-built home as well.
Getting Home Loans
People often don’t realize it, but you can get a home loan for a custom home just like for an existing one. You don’t have to buy a custom home out of pocket. Getting loans can also help in paying for your new piece of property. This is something you’ll need to discuss with your bank, but is an important thing to know when comparing custom design prices with real estate.
Waiting for Construction
When your custom home design has been finalized, you’ll have to wait for construction. This is the biggest difference between buying an existing house and having one custom built. If you can get your current home sold and finalize the purchase of your new home quickly, moving into an existing home can be done in less than a month. Custom homes, on the other hand, can take over 6 months to build. That means sitting tight for a little while – but the extra time is worth it.
Moving into Your Beautiful Custom Home
When your custom home has been built, all that’s left is moving in. Moving in is a special feeling. Not only is it brand new – you being its first tenants – it’s made with your specific needs in mind. Nothing can beat the feeling of living somewhere made just for you.