Building a new home is more than just construction, we believe it’s the beginning of creating a legacy. Unfortunately, many spend their hard-earned cash, time, energy and various resources building a home only to later discover that there has been a major oversight which needs correcting. To avoid costly mistakes during the construction process, here are some of the tips to follow.
All our clients know how greatly we emphasize “a legacy” in construction.
1. Define your estimated Budget
Contrary to what some may suggest, rather than focusing on how much it will cost, it is much more important to first estimate how much you can afford to spend on your home-building project and in which time frame. This should take place at the very onset of your planning and research because all other building decisions are affected by the amount of money you have to spend. This covers what size of home, type of materials, location and quality of the builder. Your legacy should neither break your financial backbone, nor drown you into huge debts.
2. Choose Your Plot of Land
If you have not yet purchased a plot of land, you’ll need to decide whether you'd like to live within town, close to town or away from town in a more rural area. Most areas within cities have varying regulations and restrictions which may interfere with your intended use of the property. It is worth noting that availability of amenities such as water, electricity or sewer systems directly impact not only the land value but also the project costs. In general, you should plan for 22 to 30 percent of your new home cost to go toward the purchase of the land.
Even though in some circumstance, its viable to develop floor plans or other details for planning purposes before actually owning the land. You should consider looking into the land in details and preferably hire a professional to investigate factors such as soil condition, drainage, zoning, weather patterns, water table, accessibility and building codes in the region. Costs will be higher if your house design needs to be customized to fit the lot. If the house can be built on the lot using stock blueprints, it will help your budget.
3. Get a House Plan
Building a new home means not just constructing a house for shelter but also creating your legacy that will communicate your input, secure lives and property, and define your investment that is meant to last, hypothetically forever. Finding the right plan can take some time, and resources but it is always worth it. The first step in this is to basically define what you need which can be done by drawing a basic idea on paper (it’s fun to go wild and get into creation and vague sketches if you have the time) or have a few references to that can be discussed.
Now you are ready to get a professional to develop your idea into a feasible and actionable blueprint. This may always come with a decent number of minor modifications to the original plan but while apprehending the core defining factors. A professional plan not only saves on the construction costs but also on the pre-construction costs including feasibility, fund sourcing and regulatory Approvals while providing efficiency in planning. This design phase is not only about creating idea into an actionable blue print but rather a more in-depth analysis of factors such as the sun’s location relevant to the plot, the prevailing breezes’ direction, long-term heating and cooling costs cost analysis, lifestyle and preferences..
4. Consider enhancing Safety.
It’s extremely important to feel safe and secure in your home. Planning for things like fire exits, exterior lighting and a security system go a long way in improving the safety of your new home. In addition, its worth it to equip your legacy with extra facilities like the emergency preparedness bankers, firefighting systems, and utility backups.