One of the most exciting things you will ever do will be to have your own home built. Kanata Lakes Ontario is an ideal place to build, because it offers recreational activities like golfing, shopping, and different sports activities, and it is an area that boasts excellent real estate value.
Kanata Lakes is a good place to raise a family, as there are schools and parks nearby, and it is close to the Ontario technological corridor which provides ample opportunity for steady, well-paying work.
How Much Can You Afford?
The first thing you will want to do is figure out how much house you can afford when building a new home in Kanata Lakes Ontario. There are many excellent calculators online, but it is good to have an idea of how much disposable income you have. Write down your expenses like car payments, food, and recreation, and figure out how much money you have coming in.
Subtract the outgoing from the incoming and you have an idea how much you have available. Your mortgage payment should comfortably fit in with your other financial obligations and, according to Dave Ramsey, it is advised that it never compromise more than 25% of your income.
Choosing Your Lot
Now you’re ready to find a lot where you want to build. You can choose a lot that will suit your needs according to your family size and preferred activities. Kanata Lakes has lots that are beautiful and are ready to be the site for the house of your dreams. After you’ve selected the lot, it will be time to choose the house plan that you’re most interested in.
During this stage, it is a good idea to have an idea of which bank you would like to go through. To save time, it is wise to go through the pre-approval process. This will require you to provide statements of income, and the bank will usually inform you of how much you are pre-approved to borrow. This can help guide the process, as you now will have a definitive budget for the home you are building.
Designing Your Home
Now comes the fun part: customizing your home. This is where you get to map out the sort of home that will meet your needs as a family. You must decide the specifics, like what kind of flooring you want and what color. You can choose the color of the of the siding, or you can go with brick or stone.
You’ll need to choose the color of the shingles that you want, and you’ll need to decide what hue you want the shutters to be. Everything from kitchen counters to your overall color scheme will need to be decided upon.
Construction and Closing
Next comes the process of watching your dream come to life. The contractors will begin to break ground on your home, laying your foundation and building your basement, if you should choose to have one. Week by week you’ll see the momentous changes spring forth: the subflooring will appear, the beams will go up, and the roof will go on. Sheetrock will be hung, and painting will begin.
Your dream house will be done, and then it will be time to sit at the closing table where you’ll sign the papers and where you will be presented with the keys to your brand new home.