5 Things to Consider Before Building Your Home
Dreaming of your perfect house is the easy part, but actually turning those dreams to reality can be hard. Unfortunately, it’s not as easy as putting everything together in one fell swoop and calling it a day. Building a house takes a lot of time and patience. Where you may have thought you’d be in your new home by Christmas, it may start looking more and more like Memorial Day. Before you get started, take time to consider some of the following things. They might save you a big headache down the line.
Show Me the Money
The average cost of building a new house is just under $300,000 but custom homes inch much closer to the half a million line. It’s important to look at your financial picture and see if this is a viable option for you.
You’ll also have to consider the price of purchasing land before you even start on the house. After that, there will be construction costs, taxes, and other similar costs. If you are choosing to finance your house construction, know that getting a mortgage for building a home is a bit different than for a home that already exists. You may need construction line credit to pay for the actual construction before getting a mortgage for the actual home.
It can be a whirlwind, so make sure you’re financially and mentally ready.
As you’re building the home, you may have an idea of where you’re going to put the TV, which way the dining room table will face and what kind of kitchen interior you want. Those are all important things, but it’s even more important to think further into the future than that.
If you’re thinking about starting a family, you need to build your home with that in mind. Don’t design your house with your current goals, but design it in how you think your life may be in 5, 10 or even 20 years.
On top of that, you may not be in this home forever so think about the resale potential. Having the perfect custom home would be great, but will you ever be able to sell it? Make it special but just not too special.
Save the Planet
This is a great opportunity for you to go green and do your part to save the planet. Think about ways you can cut down on your carbon footprint. See what you can do to make your home more energy-efficient, like adding climatized windows, planting trees to provide shade and researching smart technology.
You’ll notice a big difference in your energy bill once you move in and you can also rest assured you’re doing your part.
Consider the Builder
Your house is like your giant baby and you only want the best for you baby. That’s why you need to research your builder extensively. Go online, ask around and see who has a great reputation. Make sure you talk to the person ahead of time so your ideas can match up. You’ll want someone who will not only give you a quality product but also someone that sticks to guidelines.
If you’re taking on this job yourself, be sure and get some help. Look to save money where you can on big items. It’s going to be a multi-month project and you don’t want to overextend yourself or your budget.
Patience is a Virtue
There will be times when you enter your house under construction and everything will look like a disaster. Nothing will be finished, dust will be everywhere and you might find some trash laying around.
It would be easy to become frustrated with the current scenario and lose sight of the big picture. If you’re building the house yourself or hiring someone to do it, it’s going to take a long time. Your present circumstances don’t have to be an immediate sign for your future. Instead of looking at the mess, take a deep breath and envision what it’s going to look like in six months or a year.
Even though the kitchen may look like a disaster now, there’s no point stressing out over something that’s not yet completed. Soon you’ll be happy in your new, beautiful home.