Does it cost more to build a custom home than to buy one on the market? The initial price tag may be more for square foot, however, you will often find that you actually save money over time as new homes come with the added benefits of lower maintenance and energy costs as well the protection of a warranty. If you are looking for the best custom home in the Kawartha Lakes, contact Conlin Premier Construction today. You can trust Conlin to build you a custom dream home or cottage that will fit all of your needs and desires.
A new custom home brings a distinct advantage of lower maintenance costs than an older home. This is because everything is brand new and unlikely to need repairs for years to come. An older home on the other hand may come with unexpected repairs that you hadn't budgeted for. A home inspection done before you purchase can help to identify any obvious problems with your home, but it can't uncover every problem.
A general rule of thumb is that you will probably end up spending about 2% of the price that you paid for your home each year in maintenance costs. To put that into actual dollar amounts, take the following example.
The above estimate may seem high, however, if you take into consideration the cost of potential repairs that you will possibly encounter over the time that you own your home, that number becomes more understandable.
According to MoneySense.ca, here is an estimate of some of the bigger jobs that you may face averaged out per year over the time of ownership of your home:
Plumbing: updating plumbing, replacing hot water tank, installing a sump pump and insulating your pipes.
Cost $270 - $875 per year
Outer Structure: installing new windows, replacing doors, replacing siding, washing brick, fixing garage, repainting
Cost: $1,300 - $2,650 per year
Roof: replacing shingles, adding insulation to the attic, adding roof vents
Price: $515 - $815 per year
Foundation: internal and external waterproofing, mold testing and fixing
Price: $830 - $1,300
Electrical: rewiring home, replace all detectors
Price: $255 - $640 per year
HVAC System: replace furnace, A/C, duct cleaning
Price: $160 - $480 per year
Property: re-grade land around property, replace eaves, soffits and fascia, re-pave driveway
Price: $190 - $550
These bigger projects add up to about $3,500 to $7,000 per year. Add to this smaller maintenance costs of about $1,000 to $2,600 per year and you should put aside between $4,500 - $10,000 per year.
If you purchase a brand new custom home, many of the above repairs will be avoided as these larger ticket items will all be brand new. The average buyer of a single-family home is expected to stay in their home approximately 13 years before moving so most of these repairs will not need to be done in that length of time.
Even if something in your new custom home needs repair, you won't have to worry about it as it will likely be covered under your new home warranty. In 1976 the Government of Ontario established the Ontario Ontario New Home Warranties Plan Act to protect consumers who purchase a new home by making sure that builders follow the rules of this provincial legislation. This program is now known as Tarion New Home warranty. Make sure that your builder is registered with Tarion.
The new home warranty covers the following items.
To learn more about the Tarion New Home Warranty, click here
Building a custom home means that you can construct it with energy efficient products that will mean your home will be more energy efficient than an older home that you purchase on the market. An Energy Star certified home, for example, will give you up to 30% energy savings over a non-energy star one. Not only will that save you a significant amount of money over time, but you will also help make a significant impact on reducing greenhouse gas emissions, which is great for the environment. An Energy Star certified home will come with energy efficient unseen features hidden in your attic, behind your walls and under your foundation, which are designed and built to work together to make your home more energy friendly. The benefits of these features include:
If you want to save money on the overall cost of building a custom home and you are free to outside of a large urban centre then you could use that savings to put towards building a custom home instead of settling for one that is on the market. Rural lots or ones in smaller towns or villages tend to cost significantly less than those in the larger cities such as Toronto or Vancouver. You will probably also be able to get a larger lot as well unless you are looking for waterfront property - and then the price will be higher again.
Conlin Premier Construction is a quality custom home builder in Kawartha Lakes; you can trust Conlin to construct your perfect custom home at an affordable price. If you are looking for a custom home, built exactly to your specifications and with the high quality you want, contact Conlin Premier Construction. You can rely on Conlin to help you build a house that is perfect for you and your family.
At Conlin, we do all of the work ourselves and we have our own sub-contractors who do the mechanical work. This means that we can be in charge of the quality control on every part of your home's construction, from start to finish. And we make sure that you are with us all through the process. Your complete satisfaction is our ultimate goal and that is why we prioritize excellent communication.
The following video will further explain why Conlin is the best for custom homes in Kawartha Lakes.
Conlin Premier Construction we has over 30 years of experience building custom homes, custom cottages, additions, and unique outbuildings with the highest standard of workmanship and all of our homes are backed by the Tarion New Home warranty. If you are looking for a premier builder in the Kawartha Lakes region that you can trust, talk to the professionals at Conlin and then contact us today for a no obligation quote.