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Financing, Mortgages and Insurance What options are best for you and your situation? |
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#11
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Moved In |
#12
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Yes it will increase the Land Transfer Tax, but not your Property Taxes. Your property taxes are assessed by your LAND value...not whether you have granite in your home.
Tara |
#13
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Also, some options, such as finished floor space in the basement, will raise your taxes. |
#14
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Is 10% the typical total deposit structure for new homes?
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#15
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If you are rolling your upgrades into the mortgage then yes 10% is what seems to be the norm to put down on the upgrades.
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Half Moon Bay South |
#16
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Sorry I meant, what is the typical deposit structure for new homes, unrelated to upgrades.
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#17
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Most seem to be $20k in 4 instalments of $5000 each.
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Half Moon Bay South |
#18
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Each builder is different. When we built is was $30K in 3x$10K installments. Some you pay a deposit on the home and then a certain percentage of any options. Best that you contact any builders that you are interested in and find out from them.
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#19
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Anyone know how much % of upgrades cost you have to pay up front for Tartan? And I assume that % will get rolled into the purchase price + down payment.
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downpayment, new home buyers, upgrades |
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