Everything You Need To Know About Building A Custom Home In 2022

From the first meeting to the handing over of the keys, the construction of your house involves a succession of stages, each as important as the next. Here is a detailed review to build peace of mind. To succeed in a construction project, you have to follow a well-marked path. With unavoidable steps such as financing, the land, the meeting with the builder, the creation of the house, the signature of the contract, the credit, the building site, the reception, and the after-sales service…

But before launching yourself, you must respect an essential prerequisite: inform yourself well about all the aspects of the new house. To do this, you have many sources, starting with our site, specially designed for all who wish to build. Another important point: make a precise list of your needs and desires, and don’t forget to think about the future (a family evolves over time, children grow up, etc.).

Also, make sure, from the start, of the amount of your budget and the banks’ loan criteria to maximize your chances of obtaining your real estate loan. To help you with your project, we have listed the steps that every future owner of a new house must take. So, without further ado, let’s dive into this blog and learn about building a custom home in 2022.

1. Define your house budget

Around 1,500 $ per square meter (excluding land and additional costs). This is an average price that obviously hides great disparities depending on the architectural complexity and the services of the house. However, in all cases, the same vigilance is required. It is important to consider the overall cost and not underestimate the weight of the additional costs that come with the purchase of the house and the land.

The right accounts to borrow well. Calculating your budget by integrating the costs incurred, for example, by the purchase of the land, those linked to the credit, or to your new tax system, offers you another advantage, that of obtaining your real estate loan more easily by reassuring your banker. Because his priority is to reduce the risks he takes by lending you money.

By showing him that you have properly quantified your project, you prove to him that you are informed about the ins and outs of your project, that you are well aware of the scope of your commitment, and that you are ready to go ahead. Make an appointment as soon as possible with the bank to discuss your project.

2. Requirement

You will provide them with the main elements (salary slips, tax notices, account statements, proof of savings, etc.) to build your budget and, above all, to obtain their agreement in principle for the financing of your land as well as your house. You can also check the financial feasibility of your project by consulting a broker, a professional whose job is to find you a loan.

This attitude is very constructive: you will know if you will be able to obtain your credit, you will know the global amount of your budget, and you will be able to make your trade-offs (share of the land in the global budget, for example). Above all, you will be able to prove to your various contacts that you have the means to achieve your goals.

To succeed in a construction project is to follow a well-marked path. With unavoidable stages such as financing, the land, the meeting with the builder, the creation of the house, the signature of the contract, the credit, the building site, the reception, and the after-sales service… But before launching yourself, you must respect an essential prerequisite: inform yourself well about all the aspects of the new house. To do this, you have many sources, starting with our site, specially designed for all those who wish to build.

3. Make a List

Make a precise list of your needs and desires, and don’t forget to think about the future (a family evolves over time, children grow up, etc.). Also, make sure, from the start, of the amount of your budget and the banks’ loan criteria to maximize your chances of obtaining your real estate loan. To help you with your project, we have listed the steps that every future owner of a new house must take.

Looking for help?

For all your custom home needs, Contact Global Design and Build. With over 3 decades of experience in the custom home industry, they are here to make all your dreams a reality. They have created a legacy by building their clients’ dreams from the ground up. Serving the GTA, they offer a turnkey service that doesn’t cut corners or sacrifice quality.

They are here to give you the home of your dreams and help you every step of the way when it comes to building the said dream home. So, why are you waiting for? Call them today and make all your dreams become a reality with the help of their team of experts.