Designing your own home is an exciting journey, but you need proper preparation before that.

Land Acquisition: Everybody needs the land before building a home there. You need to secure the land first. Lenders consider the land value as part of their mortgage application. 

Professional Team: Hiring licensed architects, engineers, and contractors helps you ensure that the project follows the local building codes. Most lenders in Montreal require you to work with certain professionals to minimise the risks.

Detailed Construction Plan: When you approach lenders, they’ll want to see a detailed plan that covers your design, the different phases of construction, and a breakdown of costs. This plan is essential for figuring out how much you can borrow and whether your loan will be approved.

Contingency Fund: It’s always a good idea to plan for the unexpected. Construction projects often run into delays or go over budget, so it’s smart to set aside a contingency fund—usually around 10–15% of your total budget.

Auto-construction mortgages in Montreal are not just a means of financing; they are the foundation to a new home built just the way you want it. With proper planning, a strong team, and knowledge of the local building codes, you can navigate through the complexities of construction and enjoy your own home!