There are many benefits to buying and building a brand new home. Working with Edmonton home builders, you’ll get to be involved in the process the entire time. That means you will get exactly what you want out of your new home including functionality and design. You’ll also be saved from undesirable and unexpected surprises that come along with buying an older home as everything will be brand new.
Choosing a Home Builder
Deciding to buy a home could be one of the biggest financial decisions and the largest investment you’ll ever make. That’s why it’s so important that you choose a home builder that is experienced, knowledgeable and trustworthy. Caliber Master Builder Ltd. in Edmonton sees building you home as a privilege and does not take that lightly. Paying close attention to every detail, they will see your project from conception to completion ensuring you are part of the process every step of the way.
Planning & Research
When you build a new home, you get to be a part of the process. You can choose from a pre-designed home style and floor plan to help you get started and then make specific design selections that will best suit your lifestyle and personal tastes. Alternatively, you can work with your builder to create a completely unique home design from the ground up. After gaining an understanding of your key needs and lifestyle considerations, Caliber Master Builder will help you choose finishes and features that will make your home most enjoyable and functional for you and your family.
Financing Your New Home
Before starting the home building process, you need to have a budget. Caliber Master Builder Ltd. can put you in touch with a reputable mortgage broker who can get you a written pre-approval for a mortgage. The mortgage broker will have you fill out an application that will include information on your employment, income, assets, debt load, down payment and other liabilities. You’ll also have to give them permission to give the lender a credit bureau report.
After this process they can provide a written pre-approval document with conditions. Often you’ll have to confirm your income, down payment, assets in documentations in order to lift conditions on your pre-approval and actually get the mortgage to purchase the home.
Once you know how much you can borrow, you’ll have a better idea if the type of home, lot location and specific features you want are within your reach. Keep in mind that being ‘pre-approved’ by a certain lender doesn’t mean much unless you get an actual written pre-approval after going through the process described above. Then you can be sure of your borrowing limitations.
In addition to securing your mortgage, there are also some programs for first time home buyers that you might benefit from.
Home Buyers’ Plan: The Home Buyers’ Plan (HBP) is a program that allows first time homebuyers to withdraw up to $25,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home. Learn more about HBP here.
Home Buyers’ Tax Credit: The Home Buyers’ Tax Credit (HBTC) is a new non-refundable tax credit, based on an amount of $5,000 for certain home buyers that acquire a qualifying home. Learn more about the HBTC here.
Edmonton Custom Home Builders
Caliber Master Builder Ltd. is a custom home builder serving the Edmonton area. They are members in good standing with CHBA- Edmonton Region and the New Home Warranty Program of Alberta. They are a designated Moisture Smart Builder and worked hard to acquire the Master Builder Designation.
Caliber Master Builder’s focus has always been quality vs. quantity. You will like the one on one attention you’ll get throughout the entire process. They believe that building a home is a partnership; each person has a key role to play in making the dream into a livable home.
Ready to get started on your dream home?