New Homes in Burnaby
At Vithu Developments LTD we have had the satisfaction of building hundreds of beautiful new homes. Sometimes they are within a new neighborhood, and at other times they are ground-up custom homes for a single client. No matter what the project is, we are up for the job and provide friendly, efficient service that yields quality results.
Buying new in Burnaby puts you at the forefront of technology and design. New homes are even more eco-friendly than older pre-owned homes because they are built that way from the start. If you’re like us and love anything that’s bright and shiny, a new home is the purchase for you!
Of course, new homes require some preparation. Before you start the process with us, you’ll need to consider finances, among other components.
It’s important to be prepared for the cost of a new home. Like with any home, it’s going to be one of the most expensive things you’ll purchase, and knowing the base will help.
New homes cost on average $150 per square foot, so that gives you somewhere to start. A custom home is more, at $200 per square foot.
You’ll need to consider your incoming and outgoing income to get an idea of what you can afford. Industry professionals recommend you spend no more than 25% of your monthly take-home pay on your home.
If the price range that you get after these calculations is not satisfactory, consider changing your budget around, spending less in some areas and saving more.
On the bright side, once you are living in your new home you can look forward to tax deductions!
Aside from your monthly costs, there are some other considerations you may not immediately think of.
Unless you are purchasing a manufactured or modular home, you are going to be subject to a home inspection. Fees for this range from $300-$500.
This is when you pay off everyone who has helped with the process. These costs can include real estate attorney fees, tax payments and mortgage processing fees. Of course, closing costs are dependent on how you went about purchasing your home.
There for You, Every Step of the Way
Preparing to buy a home is hard work. The design and build process and everything that happens up to your move-in day is a stressful, but extremely rewarding undertaking.
Vithu Developments LTD not only prides ourselves on our high standard of excellence, which allows us to produce stunning new homes, but we also love helping our customers.
Buying a new home in Burnaby shouldn’t be any harder than it has to be. Rely on Vithu Developments LTD to give you all the information you need. You can expect transparency every step of the way.
Let’s start with a free cost estimate. Modular or manufactured, custom, or a development home, we can point you in the right direction when it comes to where to start. We love to share our knowledge with you, so give us a call today!