Top Tips To Building Your Dream Home

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new-home-1664302_640A lot of couples are taking on the adventure of building their own dream home. If you and your significant other plan to go through the same process, or even if you’re single and also want to do this for yourself, you won’t be the first ones and coming from those who were able to accomplish this feat, it can also be a stressful process.

Are you planning on building your own home soon? Although it can be possible to build a home for just $35,000 – there are some risks you need to know as well as information you need to be aware of. It doesn’t have to be a grueling process, so here are several tips for a pain-free home building journey:

  1. Plan ahead. This is the first and most important step of the construction process. You have to be very meticulous in planning the details of your home. What direction will it face? How spacious should the rooms be? How many power outlets and power points you need to install around the house? There are several resources over on the internet that you can search for planning out your design. Keep track of those design ideas that will inspire you and that you’d like to take after. This can also become a very good point to show for your builders when you are in the construction stage of your home.
  1. Create a budget. You will need to take into account a lot of costs that sometimes the builder may not include in the estimate cost they will come up with. Since it is likely that there will be additional costs, you should have a leeway on those add-ons plus you need to also have a budget for those unforeseen expenses or circumstances. You can itemize your costs by creating a list or a table to get an overall rough budget.
  1. Choose the right builder and constantly communicate. This is also another important decision you will need to make in the process. Since you will be working with them for several months, it is essential that you take these factors into consideration when you choose your builder:
  • Previous work
  • Credentials
  • Personality
  • References
  • Style
  • Price
  1. Smooth out your finances and be covered on latent defects insurance. When you build your home, unless you can pay it up front, you will need to seek financing and be properly insured. Building your own home is another type of investment, so it will be best to work with someone that has your needs in mind. Just in case that something does go wrong during the home building process, you won’t take too much of a hit.
  1. Find out ways on how you can save more. There will be instances wherein you will be faced spending more than you have anticipated, as what was mentioned, so it’s best if you can save money in other aspects. Don’t sacrifice the quality of your materials – just shop around to find out the best prices or get multiple quotes on an item that you will need during the construction process and minimize other costs.

Have you ever built a home recently? Do you have any other tips you’d like to share?

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Posted in: Real Estate

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