It is important to note that any new construction of a wood frame house or otherwise entitles its owner to a temporary exemption from property tax for two years. To benefit from this, it is imperative to submit a declaration to the Public Finance Centre associated with the property within 90 days following the completion date of the work. After this period, the exemption will apply for the remaining time after December 31 of the following year.
Using wood as a primary material provides better thermal insulation, enhancing comfort while significantly reducing energy consumption. This reduction in energy use is easily explained: wood is a material that is twice as insulating as concrete blocks.
The construction timeframes for timber-framed houses are significantly shorter than those for traditional construction (an average of 9 months, including finishing touches, for a wooden house, compared to a minimum of 12 months for a traditional house). This difference is crucial, especially when you're incurring monthly interim interest payments to the bank.
The quick construction of a timber-framed house leads to significant savings. Not only does it reduce your interim costs (such as rent and utilities), allowing you to pay them for a shorter duration compared to traditional construction, but it also decreases the overall construction expenses.
