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Cost vs. Value for your Edmonton Custom Home

When considering building or renovating your new custom home, one of the main concerns among homeowners is related to the cost they will have to face to get their dream home on point. That is why it is so important to take some time at the beginning of the project to plan adequately the whole process and calculate a realistic budget. The role of a professional Edmonton home builder is essential in this aspect, as an experienced Edmonton builder can guide you through all the stages of your building or renovation project and help you define its cost.

Another doubt that may arise during your project is the difference between the cost and the value of your new home in Edmonton. It often happens that homeowners are so worried by how much it costs to build or remodel their homes, that they forget about the importance of the value concept. Today, we will explain you the notions of cost and value so you can start your dream custom home building or renovation with the right foot!

What Is The Cost of your Edmonton Custom Home?

The cost of any building or renovation project is the investment you make. This means the money you must spend to materialize your project. An experienced Edmonton custom home builder can help you to calculate costs taking into account the size and extent of the project you have in mind, as well as all your needs and design preferences.

Another plus of trusting your custom home design and development to the right builder in Edmonton is that you will save money along the way. Remember that a professional custom builder has the right partnerships when it comes to suppliers and trades, which can translate into discounts in quality building materials.

What Is The Value of your Edmonton Custom Home?

The cost of your dream home is just one piece of the puzzle. Another essential aspect to take into account is its value. The value is the worth ascribed to your Edmonton custom home by the market, potential future homebuyers, and yourself. The final value of your new home in Edmonton can only be estimated when the project is completed, and it is usually determined by how much the initial price of the property has increased after the building or renovation process. Some areas that could significantly increase your home value if renovated are the kitchen, bathrooms, basement, and deck.

Whether you are building or renovating a forever home or an investment property, its size, curb appeal, and energy-efficiency will directly increase its final market value. Your chosen Edmonton home builder can help you to know if the project you are considering for your home is a good return on your investment or not. Even if this will be your home for many years to come, it is always good to know you would be recouping part of your initial costs if you decide to sell the property someday.

Do you need help to calculate the cost and value of your building or renovation project? Contact Edmonton Custom Home Builders today!

We will prepare a summary budget for your new custom home and provide you with more information about our custom homes in Edmonton and the Fort Saskatchewan area!

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Too Long Didn’t Read (TLDR)

One of the most critical aspects of any building or renovation project is understanding the differences between cost ―the monetary investment you make―, and value ―the worth ascribed to your property―.