When we've narrowed down a floor plan to start with, and a lot we need to make sure they fit together. A lot hold is a process that allows us to hold the lot from others purchasing it while we're making sure the lot fits, making customisation and pricing out the details.
Usually, we need a $1000 cheque and we can then reserve it with the land developer.
We've got four show homes in amazing communities that we typically build in.
We also build quite a few infill homes, in mature neighbourhoods throughout Edmonton.
We can build pretty much anywhere we can get a lot, or close to Edmonton in places like Sherwood Park, Ardrossen, St.Albert and on Acreages. With new areas in the city, we can approach the land developer to see if we can secure a lot, or purchase one from another builder.
If this is a route you're considering, just ask us and we'll see what we can access.
Great question! Since the majority of our homes have custom details ranging from moving a wall or two, to a fully bespoke plan there's a bit of a range.
We also don't do any foundations when the ground is frozen during the winter months. You technically can but we don't think it's the greatest long term.
The best is to budget a year as a time frame. If there's something that we need to know (like timing for starting your kids at a new school) let us know early in the process.
The Price of the land
Typically we're acquiring lots for our clients. Lots can range in (at time of this writing) $155,000 - $762,000 in the areas we have a show home.
The Price of the Architectural Guidelines
With each new area, the architecture of your home is mandated by the land developer. Depending on the area, the costs can be $7,500 to over $60,000.
The Cost of the Model or Plans
Depending if we're starting from one our many models, or a fully bespoke home, this will be the major part of the price. Our home models start in the low $400's before any of the other required items.
These, plus GST make up the pricing of the home, so we usually need a few more details to give you some ideas on the overall investment with Kanvi.
Typically we find that we can start in the high 500's depending on lot availability and if we have access to any developer incentives at the time.
Each home builder has a bit of a different approach to what is included and not.
There's no list of what must be included other than the building code, but that's the minimum acceptable process. For us, we decide to include more so there's likely less upgrade cost.
Things that you love about Kanvi like the large windows, open staircases, modern design and more are just a few of the inclusions you can see by clicking below.
Completion Mortgage
Completion mortgages tend to require smaller deposits and land title gets transferred to you at possession.
Draw Mortgage
Draw mortgages are preferred by both Kanvi and banks when the homes are quite custom or over a certain price point.
Title transfers to you at the time of the first draw. Kanvi Homes would reimburse the interest charged to you on the draw mortgage during the build process at closing.
Do you have something different in mind? Chat or contact us to discuss how we can be flexible for you.
Our cost per square foot varies depending on what kind of home you want, the complexity of the floor plan and unique elements.
Comparing the cost per square foot between home builders is almost like comparing cars by their weight. It's a metric, but not the one that you should judge your decision on.
For example, many of our floor plans have 5 different levels including a dropped foyer, dropped bonus room, higher ceiling in the master and more. These will move the cost per square foot higher.The more complex the plan and the list of inclusions can give you a bit of a metric, but like a car, ultimately how it feels when using it, the overall quality of the finishes and the service should be how you choose your home.
For Kanvi, some of our models start in the low $190/sqft and can go up as high as $500/sqft. Since we're a custom builder, these numbers are within our control to change up and down depending on the level of customisation or additions on your home.
We like to have a process with our clients that is highly involved with defining how they will use the home.
The first step of our process is typically the discovery meeting. Here we've got a document that guides us to find out what's important to you so we can advise you accordingly.
Once we've completed discovery, we'll start redlining floor plans. Redlining involves us drawing on plans and submitting them to the Kanvi Design team.
They'll change the plans and review for HVAC, Telepost locations, Structural and design compliance. This way, when we send them to you to review, there's no surprises down the line.
Once we've finalised the preliminary plans, we'll submit for pricing and review the purchase agreement.
We do! We've always believe that in order to give you the best service we can we need to have the internal resources.
During the process with us, you'll work closely with our interior designer to choose the exterior architecture and the interior finishes.
This way, you're dealing with an expert that knows Kanvi's signature style.
We're a bit of a different overall organization in the Edmonton home design and building market.
We've got the resources and staff in-house that a design firm would and a construction arm.
We've done this for a few reasons, the main ones being that it removes any disparity between what the designers promise and what the construction team can execute.
This way, when you're reviewing plans early on, you know it's something we're confident in being able to build.
Because we take this approach, we don't charge for drawings at this time, as we're going to build your home too.
Since we have a basis for specifications we're a fixed cost basis home builder.
We think this route is actually better, as a home builder we're motivated to get great products that are well priced so we can control our overall costs. This way, we can offer you a price that co-relates with the overall value.
Cost plus pushes us to not question costs from trades, we would be incentived to charge more since it's based on a percentage.
Cost plus also would force us to use different trades than we already do. We take a lot of focus and time to determine who's building our homes, with what materials and how they compose themselves.
