There are two ways that Ontario new home builders earn out of housing projects; the bidding method and the cost plus method. Most new home builders generally use the bidding method. With this approach, a builder will get quotations from his subcontractors or just use his judgment to arrive at a reasonable cost for the project. Typically, the price will include the plumbing, floorings, electrics, fees and much more. Afterwards, they will add their profit together with a contingency fee that is usually 10% of the overall cost. Contingency fees are included in case the project gets over budgeted. The total cost will be presented to the homeowner.
Can a reliable Ontario home builder help in finding an excellent location and lot for our house?
Yes. Most new home builders can help you determine the best lot for your new house. They will take into consideration all your requirement to find a lot that will suit your needs. There are home builders who offer lots to their clients at marked up but reasonable prices.
How long will a new home building in Ontario last?
Every home building is different. Therefore, they have different project durations and costs. The duration will always depend on the design of the house, the materials to be used, the location, and the size of the house.
Do Ontario new home builders offer warranty for their buildings?
Yes. Most home builders offer 6 months up to 1 year of warranty from the date of turnover to ensure that all concerns of the customer will be covered for the first few months of their stay in the house.