Home ownership is on the mind for many Canadians. Whether it is a young couple just getting their lives situated in one location, the expanding family who outgrew their 2 bedroom condo, or a retiring baby boomer who wants to downsize their life, Canadians from all walks of life think about home ownership.
While most first-time home buyers are more inclined to buy a smaller home within a comfortable price range, it is the person who is looking at purchasing their second home that faces more crucial questions like; where do I want to live? how much will my family expand? What will my home maintenance costs be? You just need to watch any real estate or home buying show to see the specifications of second-time home buyers, and it always seems as though the homes they view just cannot quite fit their list of requirements. There is one way to get exactly what you want in a home, build it. Here's a list of a few reasons why it is better to build your house than buy it.
1. Customize it's space and design to your exact specifications and budget. For people who have a hard time finding the home with the open concept floor plan or 2 master bedrooms, being able to build your home gets you exactly what you want.
2. Use newer construction materials. A lot of older homes need upgrading as construction materials get upgraded often. By building a new home you get the opportunity to purchase materials like spray-foam insulation that greatly increase your home's energy efficiency, or a sheet metal roof that can last for a lifetime.
3. Less maintenance costs. Not surprisingly new homes have new materials, equipment, systems and appliances in them, and these come with warranties to protect against manufacturer defects. Newer products are more durable, last longer, and often require far less maintenance, decreasing the maintenance costs of home ownership.
4. Pre-wire your home to your needs. You can have your home wired to support any appliances and electronics to exactly where you want them in your home. Putting a washer and dryer on the same floor as your bedrooms is a long overdue correction of stuffing them in a basement that is just coming into buyers wants now. Put your entertainment centre in your basement den with perfect speaker placement and no unsightly wires sticking out.
5. Instill a large sense of pride in yourself. It's a fact that people's satisfaction with newly purchased items tend to wane as time passes, but homes built by the owner do not fall into that category because they get exactly what they want, and can build the home in a way that leaves the door open to possibilities of simpler additions or upgrades.
If you are considering buying a new house this year. Look at your wish list in a house, it is hard to satisfy all requirements, and building may be a better option that you need to consider. Call a general contractor that specializes in custom homes and start a conversation, you never know what you may find.
A house is only a home once you put the family inside it, begin your family's legacy at home.
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