While there are all kinds of properties in Toronto, finding the perfect home isn’t always easy. This is especially true if you’re looking for a newer home in one of the city’s older neighbourhoods.
That said, over the past few years we’ve seen more and more homebuyers going completely custom by buying a tear-down home and building a new one in its place.
Buying a tear-down comes with a unique set of perks – but it’s not for everyone. If you’re looking for your dream home and are considering a tear-down/custom build, here are a few things to think about before you start house hunting.
Why South Etobicoke?
If it’s a custom home you’re after, then you technically have plenty of choice as to where you can buy. If the existing home will eventually be replaced, then you’re ultimately just looking for the best location, right? Well, yes and no.
There are a lot of factors to consider when buying a teardown home – from the actual type of home to the lot size, local zoning regulations, and more. So, all that said, some homes do in fact make for better tear-downs than others. To be more specific: bungalows – which South Etobicoke has a lot of.
Looking for real estate advice specifically about tear down homes? Read these blogs next.
- The Best Etobicoke Neighbourhoods to Build a Custom Home
- Everything to Know About Building a Custom Home in South Etobicoke
- Getting to Know Etobicoke’s Starter Homes
What are the Pros of Building a Custom Home?
Going the custom home route takes a lot of work – and a lot of patience. But depending on your personal needs and preferences, it could be the right path for you.
One of the best reasons to tear down and build custom is that it’s the easiest way to get (almost) everything you want in your next home. Unlike buying a resale home, where you’re trying to match existing properties with your wish list as best as possible, every detail is up to you when you’re working directly with the architect and builder. You’ll decide the layout, number of rooms, size and anything else you want.
Building a custom home also means you’ll have more control over the quality of your home – which will play a big role in the strength of your investment long term. On top of being able to select high-quality building materials, owning a brand new home means you won’t have to worry about existing age-related wear or damage, problems with the structure, or harmful toxins like lead, mould or asbestos.
What are Some of the Disadvantages?
Now that I’ve touched on some of the perks, let’s look at the special considerations and potential drawbacks of tearing down a home and building custom.
Arguably the most important thing to know before going the custom home route is that tearing down an existing home and building a new one isn’t the cheapest option out there. While you may find great value on an existing property in Etobicoke, demolition and construction costs can add up in a hurry. Of course, the exact expenses will depend on your personal vision, but it’s important to know right out of the gate that tearing down will be more expensive than buying something turn key.
On that note, the teardown process also takes time. Along with the process of designing and building a brand new home, there are a lot of regulatory aspects too. As a result, you could find yourself waiting several weeks or months for various permits before construction can begin – not to mention any delays or setbacks that may occur once you break ground.
Thinking about buying a home to tear down or live in? You may want to read these blogs too – they’re full of helpful tips!
- How Much Does It Cost to Buy a House in South Etobicoke
- Should I Buy a Home in Etobicoke if I Work Downtown?
- Buying an Etobicoke Bungalow (And its Potential)
Finding the Right Property With a Local Agent
If you’re looking to build a custom home in South Etobicoke you’ll want to work with an established local real estate agent – like me!
As someone with extensive experience in tear-down purchases and custom builds, I can provide you with essential guidance, advice, and recommendations to ensure things go as smoothly as possible. I can also connect you with local builders, developers, and contractors who can help bring your vision to life. When you’re ready to start your home search, I’m ready to help.
Thinking about buying a home in Etobicoke? I can help! Call or text me at 647-239-7587 or send me an email at melissa@southetobicoke.com to get started.
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