5 Benefits of Building on Your Existing Lot - Royal Homes 5 Benefits of Building on Your Existing Lot - Royal Homes
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5 Benefits of Building on Your Existing Lot

Planning Your Lot & Home

Choosing to rebuild your home is a huge decision. There are many viable reasons to rebuild, and the advantages are different for everyone.

Perhaps you own a fixer-upper that’s more of a fixer than an upper. Maybe you’re looking for more square-footage but don’t want to uproot your family and move from your existing lot.

Custom Built Home

Whatever the case may be, there are many benefits to tearing down your existing home and rebuilding a pre-fab home.

1. You’re Ready for Something New

If you’re contemplating a rebuild on your existing lot, chances are your home is less than ideal for your current living situation.

Good candidates for a teardown and rebuild are homes that are structurally unsound, not in sync with the other buildings in the neighbourhood (either in the size or style) or homes that are undervalued compared to the homes in the neighbourhood. Many homes have outdated plumbing and electrical systems, or homeowners are simply ready to move on to something new.

2. Increase Equity

How can you benefit from increased home equity? Essentially, home equity is the market value of the unencumbered interest on the property.  Therefore, home equity increases as loans are paid off.

There are many ways to create instant equity when it comes to your home. Rebuilding a new home on your lot can increase your equity right from the beginning. With a rebuild, you’ll also get a brand new, custom-designed home for much less money than buying a home that would potentially need expensive work to become your dream home.

3. Avoid Added Expenses

From a purely financial perspective, rebuilding is your best bet long-term. Selling your home involves dozens of costs (sometimes unforeseen) such as staging, real estate commissions, and Land Transfer Taxes, which can all be avoided if you choose to rebuild on your existing lot.

Each Canadian province offers a home warranty program that protects buyers for several years. Choosing to build a pre-fab home on your existing lot also means that you’ll be eligible for our extended warranty. We extend the 7-year structural Tarion Warranty for 3 additional years.

4. Build Your Dream Home on Your Dream Lot

Most homeowners who choose to build on an existing lot feel a certain attachment to the property. Perhaps the lot features a picturesque view, is particularly deep, or simply holds some sentimental value. These are all reasons to stay and create your perfect custom dream home.

Rebuilding on your existing lot means that you won’t have to uproot your family or pets and move to a whole new neighbourhood. Your kids can stay in their current schools. You can also rest assured that there will be none of the surprises that could potentially accompany a move.  You won’t have to deal with adapting to a new neighbourhood, new neighbours, or a different commute to work.

Everything you love about your location will remain the same. The only change is the home itself!

5. A Pre-Fab Home Will Last a Lifetime

Modern pre-fab homes are efficient, sturdy, inexpensive, and come in a wide variety of floor plans. Building allows you to customize everything to ensure your dream home turns out just right.

We will be there from start to finish, as we offer both tear down and removal of existing homes. And with just 12-16 weeks for a full build, your dream home will be ready in no time!

I really liked the fact that after I had made my choices, everything went smoothly. The building process was hassle-free. I did not have to worry about delays, weather or missing pieces.Mai-Liis
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  • FAQ

    Where can I get a price list or How come your website doesn’t show pricing?

    Prices vary geographically, depending on where you are building. With the amount of options available, price lists run into thousands of options. Prices change with the options you choose. The best way to get an idea on pricing would be to contact our Design Centre nearest to where you are building.

    Why should I buy from you over a conventional or "Stick-Builder"?

    The advantages of prefab include building in a climate controlled environment, using environmentally friendly products which reduces waste and a CSA monitored quality controlled program. There is less time start to finish, with less disruption to neighborhood. We also sell at a firm price.

    Do your homes include a foundation?

    Yes our homes include full foundation and basement.

    How long does it take to build a Royal Home?

    It takes less than two weeks to build a home in our factory, but the process from start to finish is very dependent on the timing of obtaining a building permit. For most of our clients the process from start to delivery is twelve to sixteen weeks with move in eight to twelve weeks thereafter.

    What size homes do you build?

    As a custom builder we can build any size home but generally the average size range is between 1300 and 3500 sq feet.

    Do you build garages?

    Yes. Garages are built on site after the home is delivered.

    Are the homes energy efficient?

    Building a prefab home in a factory assures the highest attention to sealing the building envelope and ensures that the cold stays out.

    Since your homes are so energy efficient and air tight, how do you get fresh air?

    All our homes have HRV heat recovery ventilator air exchanger to remove stale air, and introduce fresh air.

    Where can I put a prefab home?

    Anywhere in Ontario you like.

    Can I really customize my prefab home?

    Yes, we use state of the art custom design software, today no two homes are built alike.

    Do you finish the basement?

    Yes. We can customize your basement to the finishes you desire.

    Are Royal Homes built to code?

    All Royal Homes are individually designed to meet all provincial and municipal building codes for your specific lot location.

    Do you build stick-built or conventional homes as well?

    We are a custom home builder first and use prefabricated components wherever we can, because it is a better way to build. If you have a remote site or custom home design with large open spaces we would look at what makes most sense for that design and location. This could include prebuilt panels or partially site built specific rooms.

    What makes the building process environmentally friendly?

    Waste in the factory is separated and recycled, reducing the impact on landfills. This has less disruption in terms of noise and time at job site. Building prefab allows for higher energy efficient homes and reduced heating costs.

    How is your home delivered?

    Our home is delivered by way of custom designed hydraulic flatbed trailers and precisely craned onto the foundation.

    Can you make changes or custom design?

    Yes, clients are given preliminary plans to review and changes are welcome and easily accommodated.