Building your own home in Richmond
When you are building your new house, you are in for a once in a lifetime experience. There are many issues involved in building your new home, you can expect some bumps along the way. Building your own home is self-gratifying. It allows you the chance to be personally involved with the new home building process.
When done properly, you can save money building your own home.
The most important thing about building your new home is to plan ahead and make good decisions from the start.
Taking the first step
It is important to do your research on the process involved in buying your own building lot. You should know what to look for and where you want your Richmond home to be located. A local Richmond Realtor can help you find a suitable building lot in the neighborhood you want.
Most new homes in Richmond are being built in more desirable west Richmond. The neighborhoods include Granville, Riverdale and Broadmoor sub-divisions. Building lots in these sub-divisions in Richmond are selling at higher prices than other areas in Richmond.
The reason for building your own Richmond home are:
1) You can choose to build in the neighborhood you want to live, where shopping, schools, parks and public transportation are close by.
2) You can pick your home orientation by like buying a building lot with north-south exposure which is preferred by most home buyers.
3) You have the opportunity to make it exactly as you want. The features you want may include a gourmet kitchen, granite counter-tops, appliances of your choice, flooring, light fixtures, and etc.
4) The latest designs and state of the art components to your liking can be installed in your new home.
5) Everything in the home is brand new. In addition to looking great and working well, you have the assurance of B.C's 2-5-10 year new home warranty should something break.
Construction financing
Construction financing for new Richmond home can be obtained from your bank or arranged through a Mortgage Broker. The disbursements of payments for work done is done in stages. Your home builder will be entrusted with the responsibility to supervise all sub-contract works, inspections by the city inspectors and timely completion of your new home.
You can search online to view new Richmond homes that are built as spec homes for sale by new home builders. You can compare the price you have to pay for these new homes, or you may choose to build you own.
If you like to have more information on how to go about building your own home in Richmond , you can contact James Wong at 604-721-4817. Or email me.