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What is the process of getting a custom build house?

  • Last Updated:
  • Aug 5th, 2016 11:54 am
[OP]
Newbie
Jul 18, 2016
11 posts

What is the process of getting a custom build house?

What is the process and how much does it cost? Like let's say someone buys an old house for $1.5M in an area where similar land + custom build houses' prices are $2.5M+, would it be worth it to get a custom house built on a $1.5M land? Would that house make any profit when you sell it?

(With high end finishes and everything in a high end area in Toronto.)

I read somewhere that high end custom houses could cost $2M to build from scratch (incl. demolition of the old house).
Is it easy to get a loan for building a custom house?
How many months does it take on average to finish a house?
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