For a person building, buying or investing in a new home, the financial implications involved form an integral part of the satisfaction that will later be derived from the investment. Moreover, the investment is a huge one and will certainly require a lot of commitment and sacrifice to finance your dream home.
Whether it is a family home, a vacation home or a retirement home, it will most likely shape the quality of your life now, and in the future in a significant way. It is therefore paramount to have the basic understanding of all the phases to be undertaken; the effective planning required and essentially the all efforts required to finalize your dream home.
Ultimately, the financial aspect is the most crucial element and will determine the type of home you will live in and when that will be possible.
This site was initially established by a Canadian company located in Québec, Canada called Deraspe which was a Property Construction and Managing Company. It was published in French as a go-to site for people who want to invest in homes in the great Quebec province of Canada.
However, the site was moved from the domain which has been inactive since. There are plans to bring the site back into life so as to help visitors make right decisions pertaining to home ownership not only in Québec, but anywhere in the world.
Below are some of Deraspe Projects :
On this site, you will now find vital information of how to get started in building, buying or investing in a good home. You will learn of the best finance solutions for your dream home and all other information which will guide you to your dream home.
More importantly, you will get to know of favorite places in Québec, Canada that you need to consider investing your retirement or vacation home.
My wife and I have been married for nearly ten years now, and one thing that she has always been bugging me with is to build her dream home. She has always been talking about this since we started dating. I probably made a mistake, when I told her I will build her dream home. We were dating at that time and maybe it was a slip of the tongue, or not.
Clearly, I knew that my job was taking me well and that I could get financing from different sources whenever I needed to build that home.
We have been living in Quebec for quite a while, and she claims this is home, where she belongs. To cut the long story short, she wants the dream house here in Quebec. What I realized some few weeks back is that I can build her her dream home without having to spend too much.
The Planning
I decided to keep my promise and do all that I could to build the special lady her dream home. I was sure this wasn’t going to be easy, but I had to start it soon enough. I started by going through the Derapse Projects. This is a property construction and management company that is located in Quebec. Here, I was able to have a rough idea about the entire process or building and financing for the home.
Buying the new house was somewhat out of the picture, because according to my wife, she wanted a home that was designed as she wanted it. I actually tried to run through the available homes for sale and find any home that matched the preference of my wife. Unfortunately, no house exactly matched what she wanted. That is why I decided to start the planning for the building process.
At Derapse Projects, I knew what I wanted and how exactly the home will look like. They also helped me establish a financial plan and where I was going to get the funds to start building.
The Financing
Not that I didn’t have money to build the home, but the nagging from the lady when I was trying to get some sleep pushed me to commence building the home. I decided to go for the construction loan, which is a more contemporary way of building with financial aid. The bank paid for the construction materials that were needed to complete the entire home. I started by presenting to them my plan, which I got from Derapse Projects, and they made their estimates.
Before getting the construction loan, I had to qualify for the three elements. These are majorly the three pillars. These three sides must all be put into consideration when you want to get the approval of the construction loan.
1) I first had to present the construction budget, which included the associated costs of building the home.
2) The other thing that I had to qualify for was the appraisal value, which is also known as the estimated value of the home that I was to build.
3) The last element was the foundation of the triangle. This symbolizes the amount of the construction loan. This includes the down payment and the land equity. The amount was determined by my personal financial qualifications.
The Construction
I submitted a draw request every month, together with the supporting documents to prove that the house is in progress. This was a must so that the fund needed for the construction would be released by the bank. The bank then reviewed the documentation and sent a third-party to monitor the site and view the construction of the home.
Once the third-party sent a full report to the bank, the bank then released a reimbursement or the building phases that were completed. When the bank was certain that my construction was legit, all the phases were paid for, and the home was finally finished.
A Free Man
Now that the house is complete and that my wife doesn’t bug me anymore, I can now start investing in my scuba shop, and I’m looking forward to all the swimming involved, so I can lose some weight. I thought of starting one before building her the dream house, but her mouth wouldn’t let me. With everything in place and with the help of the Derapse Projects, the house is complete and am now a free man. Now that she has her dream come true, it is time to make mine come true.
