Planning to build your dream house? Don’t know where to start? Whether you intend on building a new house or renovating the existing one, this is a journey for you to discover who you are, how you plan on living, and what you want. It is something way more complicated than building a home with five bedrooms or large bathrooms.
For every journey, you have to research and plan out a trip before you hop on the airplane, and the same is the case with constructing a home. Building a home from scratch can be very taxing yet rewarding, especially when you achieve the result that you aimed for. However, as every homebuilding shows define it, this entire process can also be time-consuming and very stressful. There will be times where you would even reach the brink of giving it all up.
It also entirely depends on how well you plan and execute your home-constructing process. The stronger the plan, the better and less stressful the entire procedure would be. You just have to keep your eyes wide open to everything that is going on around, and you are good to go.
Here are some tips for you, making home construction for you a piece of cake. These are the six steps you have to follow through:
- Plan, plan, and plan
- Target Budget
- Pick the right builder
- Read your agreement thoroughly
- Know your rights
PLAN, PLAN, AND PLAN
Planning is the most crucial part of the entire construction procedure. Ever heard about the Winchester Mystery House? This was a mansion built in San Francisco some 38 years ago. It was built by a widow who thought that if she stopped building the house, she would be attacked by vengeful spirits. Thus, the house was built with stairs dead-ending on the ceiling, narrow hallways that nearly disappear, and doors that open up with a two-story drop. That is what happens when you don’t plan.
Make sure to have your plan set out like how many storeys would the house have, how big would the kitchen be, would you use timber or steel floor joists? All this needs to be planned out properly beforehand to avoid any inconvenience.
If you think you have already set out a precise budget and that amount would be enough to construct the house, then you need to redo your calculations. It is a proven fact that the construction always exceeds your target budget.
There would be many hidden charges or material charges that the builder may not include, such as gas meters, electrical, window coverings, or cable hook-ups. For times like this, it is always advisable to set a budget more than your expected budget. It would prevent you from getting worried after seeing the bills.
PICK THE RIGHT BUILDER
Another essential decision you need to make in this entire process. You should keep in mind that who so ever you plan to hire, make sure the builder is trustworthy enough as you will be working with them for many months to come.
Here are some factors you need to keep in mind when hiring a builder:
- Make sure the builder you hire is insured and licensed
- Go through their past work and check if the previous clients were satisfied. It won’t harm you to research and go through the reviews.
- Try visiting the houses built by the builder and see if the construction and finishing quality satisfies you.
- Every builder is pro in constructing a certain kind of style, check and see if that style matches your tastes.
- Personality counts as well. Since you will be working for months with the builder, you should be aware of the temperament level and how they behave under last-minute pressure.
- Price matters way more than any of these factors.
READ YOUR AGREEMENT THOROUGHLY
When we say keep your eyes wide open, this is what we mean. Don’t just blindly sign the agreement because the builder is the best rated in the entire city. Take your time and read, don’t skim through the terms and conditions set out by the builder.
In case you find something out of the ordinary, don’t shy away to ask about it. If you are still not satisfied, you always have an option to look for a new one. As soon as you sign that piece of paper, you are bounded by the agreement. Always trust your gut feelings.
When building a property, there is a high probability that you would have to apply for a construction home loan. This is slightly different than a home loan. The lender won’t give out all the funds you need in a go, it will estimate the amount as per your requirement and would give them out in periodic payments known as draws.
Before you go out to look for financing, you should set out a detailed plan. The lender would want to see a detailed construction plan with all the expected costs clearly penned down in it.
KNOW YOUR RIGHTS
If you have planned your construction plan right, have the budget calculated accurately, and hired a perfect builder, you are good to go.
In case your builder double-crosses you, you always have a right to complain against them. Every town has its rule box to file out a complaint. Research it as well.
Building a house isn’t rocket science. It is not that easy at the same time. With the right people and the right material in hand and proper plan execution, there is no chance of failure, and you will have your dream house on ground in no time. However, if you take the planning part for granted, you are doomed. So, do your homework before you start meeting different builders for the construction of your dream home.