What is the cost of new construction custom home in Willowdale, Toronto 2021? Do you ever consider building a custom-built home and wondering what it's going to cost? I get this question for many reasons; clients like to understand the new construction and costs involved. They want to compare the cost of buying a resale house to a new build house.
There is always that desire to get a brand new home, knowing that it is custom build for you, and no one has lived there. Finally, if you are purchasing a new build house, you want to know how much money the builder has put into building the house.
To begin, I'll discuss the three top factors that will affect the construction project's cost the most.
First, the choice of location for your house where you like to live, for example, established community in the city's metropolitan area, urban, or outskirts.
Second, the size of the house, in square footage, what are your needs or desire. We are talking a big range, from 1500 to 5000 square feet, and the cost is directly proportional to the square footage of the house.
Third, it's the style of the house. Also, the many options for material and cosmetics you will need to choose from.
Fixed costs. Some costs in the new home building do not change drastically, and to a great extent, they are predictable. A professional builder can come very close in predicting the expenses for things like your permit process, landscaping, architectural drawings, engineering drawings. Because the house location, style and size do not make significant differences in such expenses.
Cosmetic options. You should be wary of the expenses that can easily go out of hand and blow the budget—things like your appliance package, kitchen cabinets, marble floors, aluminum roofs, and whether you like to have heated floors or not. Based on your selection kitchen cabinet can cost from $15,000 up to $80,000. The cost of a metal roof can run up to 4 times the asphalt roof.
Some of the information provided in this article comes from the Altus Group (2020 Canadian Cost Guide) - the leading data solutions and independent advisory services in Canada and also provides the benchmark data of the construction industry.
The above Real Estate article was provided by David Khosravi, a leader in his field in Willowdale, North York, Toronto. Reach out to David via email: email@example.com or by phone: 416.990.2424
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