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Home Save Building a New Home in Canada? Here Are the Steps to Follow
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Building a New Home in Canada? Here Are the Steps to Follow

bySteve @ Canadian Personal Finance inSave posted onJuly 19, 2019
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It is every person’s dream to own a home. There are various ways through which people acquire homes. It could be through inheritance, buying an existing house, or building a new home. Whichever the mode of acquisition, there are processes involved. Most people will opt to build a house as they get to decide on the design before development takes place. On top of signing up for HST new housing rebate, here is what you need to do for a successful home building project.

1. Have a budget

Every project that requires finances needs to have a budget. If you are looking to build a home, you need a budget that does not only include how much building the house is going to cost you, but also the operational costs once the project is complete. Once you have a conclusive estimate of how much you need, you can start looking for the best available options of sources of finance. Having a budget will ensure that you have enough funds to complete the budgets, and they are appropriately managed.

2. Pick the right house plan

Remember that one of the primary reasons why people choose to build instead of buying an existing house is to have the chance to decide on the plan of the house. With that, this is a step that you cannot afford to gamble with. You can work with your contractor, or the architect and come up with a house plan that will accommodate your preferred features.

This may include the number of bedrooms, garage size, and the size of the bathroom to mention a few.

3. Decide on the type of foundation you want for your home

The foundation is one of the most critical elements of a home. Note that it is the one that will hold the entire structure. A foundation that is not done correctly will affect the safety of your home. There are different types of foundation. There is the slab, crawlspace, or basement. It is advisable that you let the professional help with this as they will be able to identify the one that will work best for your structure.

 4. Ensure that your home has the appropriate insulating system

Insulation will determine how comfortable your home will be in extreme weather conditions. There is no better time to work on the insulation than now. 

5. Interior design

After most of the mechanical work has been done, the bulk of the project is complete. One essential step is remaining: interior design. This is what will define your home. We are talking about the door handles, cabinets, appliances, and lighting fixtures. Your input here will be valuable and very instrumental in ensuring that you are satisfied with the final product.

Building a home is tedious and stressful. However, if everything is done right, it is worth it. It is crucial that you avail yourself for every step of the project to ensure that everything is in order before moving to the next step.

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