To Build or Not to Build

Building house concept flat lay with screw and wood
To build or not to build? That is the question. Ok, thanks, Shakespeare. But seriously, this is a colossal question up for debate right now. Creating your own home means custom everything. You end up with the perfect house! However, it also comes with many extra factors that, most often than not, persuade builders back into buyers. Here are the top reasons people change their minds about building a home.


The most significant drawbacks to building a house tend to be the higher costs and more extended timeframe, which can increase throughout the home-building process. The price of wood alone has gone up so much in the past few years. And with inflation being so high right now, much of your building materials will be much higher than usual. Pushing your planned budget higher than normal.


You’ll likely need a 20% down payment for starters since construction loans are considered higher-risk. Along with the usual financial documents for your loan application, you need to provide project plans, costs, and land value. You also need to provide your bank with a signed contract or purchase contract with the project’s plans, specs, budget details, and a timeline for the construction before they will approve your loan.


Homes can take 6-12 months or longer to build in today’s world. Thankfully a good contractor can keep the project on track. But still, delays do happen. Weather is the biggest, with temperature shifts and rain or snow postponing work. Sometimes your own choices could also be to blame. If you’re taking too long to choose your favourite flooring or windows, it could make it all take a little longer. And of course back order is a real issue in today’s world!
When you build; you get to find the land, view and the neighbour you desire. That beachfront view might be worth all the above hassle! If this is your forever home and you’re tired of missing out on houses in the HRM hot market, maybe this is the right choice. Whatever you decide, I’d love to help you find or build the home of your dreams. 

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