Building a custom home in Ottawa can be the culmination of the Canadian Dream: not only are you buying a home, you are creating one. At Theberge Homes, we believe custom homes are the ultimate expression of creativity and lifestyle. If these five signs apply to you, talk to us today about making your custom home a reality:
-
You Have Approved Financing
Financing a custom home in Ottawa isn’t necessarily more expensive than purchasing a home, but it can be different than a normal mortgage. Finding a lender willing to do a construction loan can be challenging as they’re considered riskier than a traditional loan. There may also be two closings to deal with – one for the land, and one closing later for the finished home.
-
You’ve Vetted the Neighbourhood
Building a custom home requires a commitment of both time and money, and before you move forward you’ll want to thoroughly check out the neighbourhood and the schools as well as the potential resale value for the future. Keeping your home in the general size and price range of others in your area gives you the best shot at maintaining and even growing your resale value.
-
You’ve Interviewed Your Builder and Architect
It never hurts to ask for referrals when you’re embarking on a long-term adventure such as building a home. Ask to view other homes that your builder worked on and take the time to call any references provided. All these steps will help you be confident in your choice for this important life change. Be sure your builder and your architect are people you are comfortable with and who can see your dream and help you turn it into a reality.
-
Plan for emergency funds
No one wants to think about a large project such as a home going over budget, but it’s an expected eventuality when building a custom home. No matter how well costs are estimated, it is common for projects to go over budget. It’s best to plan for this amount upfront and avoid concerns later. Items such as custom blueprints can be quite expensive, whereas you could purchase stock blueprints and modify them much more cost-effectively.
-
Build or buy?
Before you embark on a major adventure such as building your own custom home, be sure to weigh the pros and cons versus buying an existing home. Custom building allows you to control the layout of your home, add personal styling touches and choose features that cater to your lifestyle.
Building a custom home can be an exciting and rewarding step in your future. By doing a bit of pre-planning, you’ll have a personalized home to enjoy for many years to come. Contact Theberge Homes today to book your no-obligation consultation.
