Owning a home is something most people dream of, but in a real estate market like Toronto, that dream isn’t always a reality. It’s no secret that Toronto has one of the hottest real estate markets in the world. Prices only continue to rise, making the home buying process even more stressful and complicated. Many people think building a custom home is the most difficult and expensive option, but here are a few reasons to consider building over buying a home in Toronto.
Personalization
In such a fast-paced, hot market like Toronto, buyers don’t have the luxury of being picky. Many homebuyers in Toronto realize they have to sacrifice almost everything on their want and need list for a home just to get one. When you decide to build a custom home you get to decide on everything! Every little detail from the colors to the layout will be personalized to your needs and wants.
Costs
In many places, building a custom luxury home would be more expensive than buying a pre-built home. In the Greater Toronto Area though, that’s not the case. Building a home from scratch can actually be cheaper than a pre-built one. Costs of a build will depend on many things, but you have the option to save in certain areas to reduce the budget, whereas with buying you will have to fork over whatever the market demands.
Time
It’s not uncommon for people to spend years looking for a home to buy in Toronto. The market is tight and fast-paced, meaning buyers could waste a lot of time waiting for a property that fits their needs to be available and get it. Homebuilding can take up to a year or two, but in some cases that will still get you the keys to a new place faster!
Are you ready to move into your dream home? Our custom home builders can make your dream house a reality! Contact us today to get started.
