It is time for a new stage of your life. Maybe your family is growing and the size of your living space is no longer enough to accommodate them. Perhaps a job opportunity in a new place has resulted in the need to uproot from your current community and find a new living space in an unfamiliar city.
Perhaps your life changes are leading you to the area of Simcoe Lake in the Canadian province of Ontario. This beautiful region is a fishing hotspot all four seasons of the year but it also offers plenty of amenities for people from all walks of life to enjoy.
If you have decided to build a brand-new home for your move to Simcoe Lake, then you have a lot of planning to do. Buying a pre-owned home is not nearly as complicated, so here are some elements to consider as you look to build a custom home here.
Finding Land
Building a new home requires finding a plot of land that is for sale and can support this kind of construction. Usually, people buy pre-owned homes and the land is simply included in the property’s value. However, with a custom home, you buy the land first and then figure out how the structure will be built as a separate transaction. You need to find a location that suits your needs, considering factors like proximity to neighbors, commute times, and privacy. Searching for the right plot of land is one of the first steps in this process.
Figuring Out Financing
Building a new home will still require financing unless you have a huge load of cash to spend. That means you will be taking out a loan to fund your build. Finding the right lender and choosing a loan type with favorable terms is crucial since it will affect your bills for years to come. Ideally, you have been building up your credit score for a while to grant you access to more competitive interest rates.
Choosing a Contractor
Perhaps the most important decision you will make is which contractor to work with on your custom home. Most buyers who want to build homes are not equipped to do so themselves. Instead, they will hire a general contractor to help plan, manage, and execute the project to completion. This contractor will help you figure out what subcontractors are needed, as well as realistic goals for the property. The right custom home builder can make your project a success, while the wrong one could lead to a huge waste of resources and significant problems with the home once it is finished. Research the best contractors for this job in Simcoe Lake and the surrounding area to ensure your project goes smoothly and you end up with the perfect home.
Designing the Home
There is a ton to consider in terms of the home’s design and layout. Depending on your budget, you may not be able to check off every single item on your wishlist, so a good portion of the design phase may involve compromises. Either way, you have to work with an architect to come up with a feasible design.
Choosing Materials
This is a part of the process that should not be overlooked. Material selection will impact the total price of the custom build, as well as its efficiency and longevity. When you choose durable, modern building materials, your home is more likely to last a long time before repairs or replacements are needed. However, it may mean spending more money to get the best materials. During this phase, it is best to listen to recommendations from a trusted custom home contractor.
Walk, Don’t Run
This is good advice in general when shopping for a home since it is such a big investment. However, it is perhaps even more important to take your time if you want to build a new home. As you plan to build a new home in Simcoe Lake, Ontario, consider all the elements above and be prepared to be patient.
