Is Land for Sale in Wasaga Beach an Investment?
Some buyers wonder if buying a lot and hiring a builder is worth the extra work involved. Residential land development in the Wasaga Beach area offers some homeowners a unique opportunity to build the home of their dreams at a small discount to the market value. Owner-built homes typically have a 10-30% equity bonus. That discount is your compensation for time, risk, and effort that is required to manage the project.
If you have a 50% down payment for a lot, and qualify for a builder’s loan, you may want to consider hiring a local craftsperson to create the home of your dreams. Contact us for more information on becoming an owner-builder.