Generally speaking a home as an investment is a much better purchase especially considering at its very least you live there
pedz@lemmy.ca 1 month ago
Building a dream house also means an ungodly amount of debt for the mortgage. The matching kit is a better financial decision.
prettybunnys@piefed.social 1 month ago
lengau@midwest.social 1 month ago
That depends what your dream is.
pedz@lemmy.ca 1 month ago
Also depends on local law. I live alone, always wanted a mini house, but they are illegal in most municipalities here because there is a minimum size for a house. So if I really want a mini house, it has to be in a mini house approved neighbourhood, along with other mini houses. Like a mobile house park but for mini houses. They can’t be built anywhere; they have to be specifically approved.
After all, we can’t build a small house among bigger ones. Think about the neighbours’ property value!
Geth@lemmy.dbzer0.com 1 month ago
What’s the minimum where you live?
pedz@lemmy.ca 1 month ago
I’m not an expert but from what I can find online, houses under 700 square foot (65 sq/m) are not covered by the local construction code so most municipalities don’t want anything smaller. It’s also forbidden to build a house with a single bedroom smaller than 320 sq/ft (30 sq/m), or a house smaller than 275 sq/ft (25 sq/m). According to old number, the average house here is about 1950 sq/ft (180 sq/m).
But ultimately it’s the municipality’s choice so it can vary depending on the region where you want to build it. I dreamed of having a small house to keep as much land as possible, but after looking into what’s possible where, it would be much simpler to just buy something already built that is grandfathered with the land.
jollyrogue@lemmy.ml 1 month ago
Having a couple of dogs.