The Process of Building your Dream Home in Edmonton
Building your dream home is no easy task.
It’s something that some people dream about their whole lives, but not many people do. It can often involve a lengthy process that takes patience, coordination, communication, and more.
So what does the home building process entail, exactly? And why build your own home when you can purchase a brand-new one? Read on to find out!
Here’s Everything You Need to Know About Building Your Dream Home
There are all sorts of different benefits to building your dream home. You get your design, a customized look, a fresh start, and much more. In the end, you get a finished project engineered to meet your lifestyle.
If you’re considering building your dream home in Edmonton but are curious about what it takes, you’ve reached the right place. Here’s everything you need to know.
Buying Land
When you set out to build your dream home, you’ll have to consider the land on which you will build the house.
Remember: you can’t just put land anywhere. It would be best if you had land zoned for housing. While permits are a big part of the building process, most builders take care of zoning and permits for you once the building begins.
Timber Haus often has direct access to excellent lots in Edmonton. Contact us anytime for information about our off-market lots!
The Financials
Building a home and buying a new custom home involves two different financial processes. When building a home, you’re financing it with a Construction mortgage or a Draw mortgage.
Construction or Draw mortgages are short-term that cover the building of the actual home. Once the build is complete, the loan turns into long-term funding.
When it comes to finances and costs associated with building a home, you also must consider your budget. Before the build begins, create a budget that you can work with. Consider everything you want and try to include an overage, an agreement stating that the builder can go a certain percentage over the budget to finish the build.
We can connect you with the right mortgage broker to get your project off the ground!
Hiring the Right Builder
Choosing the right builder is one of the most critical parts of the home-building process. Building your dream home requires a team of experienced, reputable, and reliable builders who understand your vision and know what it takes to build a house from scratch.
Your builder should have experience and a track record of success, showing they can get the job done. Look online for reviews, check out their website, and ask your friends and family for referrals. Ask other construction professionals if they can help you with any recommendations.
You should also ask potential builders for references, examples of previous work, and anything else that might give you an idea of the type of work they can offer you.
Communication
A successful build requires excellent communication and flexibility between both the builder and the person financing the build. Building a new home is no easy feat, and there are bound to be challenges along the way, which is why both you and your builder must have open lines of communication.
Excellent communication can avoid delays and other challenges that can slow down the build process. Be open, patient, and flexible to any obstacles so the process can smooth itself out quickly and easily.
Work with your builder to make the process easier for them, and they will work with you too.
Our team of award-winning Edmonton home designers is here to help you build your dream home. We provide our clients with a trusted and reliable level of service. As a result, we can design an energy-efficient home that fits your needs and lifestyle while enhancing your overall life and wellbeing.
We will work with you every step of the way to build the home of your dreams.
Contact us today. We build homes we would be proud to live in ourselves. So let’s talk about your dream!!
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