Moving from renting to owning a house is one of the biggest moves you can make, so it is important you get it right.
Are you thinking of building a house? Perhaps, you’ve saved up enough money to build. The process of building your dream home doesn’t have to be overwhelming. It is an exciting adventure you can enjoy if you want to. It requires making smart, focused building decisions.
To make sure you get exactly what you want, Here are a few things you should know before you start building.
The Price Of Building
Everyone knows what they want their dream house to look like – the number of rooms, the structure, the view, the amenities etc, and so when it comes to building a house, the first thing to consider is the price of the project. You’ll need to consider architectural design fees, the price of building materials, structural engineer fees and so many others. It is not advisable you just dive into it because you feel you have enough money.
Once you’ve made your research, you can then proceed to decide the expenditure strategy. For each phase of your building, you should have a fixed expenditure. That is why you’ll need to:
Set up a Budget
You should have a budget that covers the entire building project, from the cost of the land, to cost of construction, to furnishing, etc, it should be a detailed one. It would also be smart to set up a separate budget for each step of the project.
One way you can go about this since there will be a long list of expenses to be made is by using tools that’ll make it easier for you, such as MS Excel where you can create a spreadsheet that could be updated as you work through the project.
Know The Resell Value
You can know the value of your investment by knowing the future value. You may decide to build another house in the future and need to sell the house.
With an idea of how long you will like to stay in the house, you can calculate the resale amount and cut down on things that surpass the budget and are not necessary.
Enjoy The Experience, But Prepare For Learning Curves
Although building a new home is an amazing and a different experience, the process can become challenging and stressful, things can go wrong most especially if you don’t use the right team of builders, architects, and professionals.
However, if you have a good professional team, the way in which you and your team react to these hiccups will determine the outcome of your dream home. Address any issue that may come up calmly, that way your building project becomes a lot easier, smoother and faster.
Get a team of professional architect, builder, and other experts, who can work together and share ideas constructively so that you can get what you want.
Area and Location
One of the things you should find out about before building a house is the laws and limitations in the area you are considering to build in. These rules may sometimes differ from state to state, even from region to county.
So, before you start building, ensure you go inspect the area to give you an idea of what you’re up against.
With that said, remember that the location and community you live will have an impact on your life, as this is where you are going to raise your family, send your children to school, establish friendships with neighbors, and lay your head to rest on a daily basis. The difficult commute might appear tolerable in the beginning, but will it affect your wellbeing over time? Try to think long-term.
Make Use of a Good Team
I’m sure you know you can’t inspect the whole building process all by yourself. Turning your dream home into an exact reality requires expertise and professional guidance. A professional and trustworthy team will make the process easier and faster, that’s why they are there to guide and counsel you throughout the process. They provide guidance from years of experience and their right guidance makes your building project accurate and completed on time.
So as you embark on this journey to building your dream home make use of expert contractors and builders, who can bring a successful completion to your project. Enjoy and learn from the adventure, the setbacks and the solutions you implement during the process. Each of these factors will have an impact on how your dream home will turn out.
