Frequently Asked Questions
How long does it take to build a new home?
The short answer is this: it varies. It really depends not only on what type of home you’re building. Is it a single-family home, for example, something completely custom, or is it a townhome?
Next, you must consider everything that building a new home involves, including the design, to obtaining the necessary permits, to acquiring the needed materials, to the actual construction.
On average, a new home can take anywhere from 120 to 180 days from purchase to the day you move in, while a custom home may take anywhere from 10 to 12 months to build.
What kind of deposit is required?
Again, it varies.
It not only depends on the type of financing you used to purchase your new home, but also your credit scores, the type of home you’re buying, and the number of add-ons you decided to include. On average, however, you can look at putting down a deposit of around 10 per cent.