Being in the market to build a new home requires knowlege before proceeding. As we are currently going through the processes of building a new home ourselves for the first time, we though it might be of use to othes who are thinking about, or are in the process of building their first, second or even third home!
Building a new home begins long before the foundations is poured. To avoid costly mistakes during the construction process, start with these 5 important steps.
- Plan Your Budget- Begin now to think about how much you can afford to spend and how much building your new home is going to cost you. The chances are you will need a construction loan and a mortgage. Also, knowing the approximate costs will help you to modify your building plans to meet your budget.
- Choose Your Block Of Land - Whether you are building your home in a suburban development or a site with breath taking ocean views, you will most always need to choose your land before you select floor plans or any other details. You will need to investigate many factors such as drainage, zoning, soil condition, and what the building codes are in the region.
- Line Up Your Team - You will need a team of experts to design and construct your house. Key players include a builder, excavator, and a surveyor. Many homeowners begin by selecting their preferred builder or contractor.
- Pick A Plan That Suits You - The builder or home designer may make minor modifications in room size,style of window, or other details. On the other hand, a custom designed home is created specifically for the family that will live there. In most cases. custom designed homes require the services of a licensed architect. Whether you opt for a stock or a custom design, be wise to choose a plan that will suit your needs for years and years to come.
- Negotiate A Contract - Be sure to get a written contract that has been signed and dated by both the builder or contractor, and the designer or architect. A contract for the new home will describe the project in detail and will include a listing of all the parts that are to be included in the house. Remember to amend the contract if you make any changes to the project later on.
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