Buying a new home is a big deal, especially if you’re a first-time home buyer in Ontario. As you explore houses on the market, you may find yourself struggling to find a home that meets your budget or checks all, or even most, of the boxes on your wish list. An alternative to buying a home and moving in right away is building your home from the ground up. With incentives like the HST rebate , this option can actually put money back in your pocket when you apply with the help of the Rebate4U team.
Read on to learn why custom-building a home is a great option for not just first-time home buyers in Ontario but anyone looking to start a new chapter with a new house.
Get Money Back with HST Rebate
Buying a new residential property is expensive. And, from upgrades to maintenance, a lot of the time, the home you end up putting an offer on needs some additional work to make it move-in ready. Whether you buy a section of land and build a brand new house or buy an old home and gut it to start over, you can get some of the money spent on the upgrades back from the government via the HST program in Ontario.
All purchases in Ontario are taxed HST, which amounts to 13%. When you apply for this HST Rebate in Ontario, you can get a significant amount back, which can add up to thousands of dollars. The specialists at Rebate4U will help you put together your application and maximize your return, which will mean more money to save or spend on furnishing your brand-new home.
Customize Your Home for You
Whether you’re a growing family or someone with unique interests, building your own home from the ground up allows you to tailor every aspect of the property to your interests and needs. You can add as many bedrooms, bathrooms, and closets as you like, design your own layout, and upgrade to modern fixtures and furnishings with the highest quality materials available to make your dream home a reality.
Skip the Competition
Putting offers on existing homes in a competitive market can become frustrating and discouraging quickly. When buying a lot, there’s less competition and less disappointment, which means you can spend more of your time and energy on creating the perfect home for you and your family rather than searching for it.
How to Apply for the HST Rebate in Ontario
If you’re building a residential property or completing a significant renovation on an existing home, you may be eligible for Ontario’s HST rebate program, provided the property will serve as your primary residence, and you paid HST on your upgrades. To learn more about the eligibility requirements and how you fit into them, contact the team at Rebate4U. With more than a decade of experience helping homeowners successfully apply for HST Rebates, our team can help you maximize your return.
Ready to find out if you are eligible?