Building a new home from scratch is one of the biggest steps you’ll ever take in your life. It is the ultimate investment for more than one reason. Finances are the most crucial cornerstone of this gargantuan project, not to mention the emotional investment in the design and customization of various architectural and stylistic elements. It is almost universally a once-in-a-lifetime project, and even if it is not, doing it for the first time is an unforgettable experience. In order to do it just right, here are tips on how to build your first home.
Be realistic about the size
Building a new home in the wider can really take a toll on your finances. This is why it’s so important to stay within the realistic limits of affordable. The first factor you have to take into consideration in regard to this is the size of the house. The layout needs to be just as big to accommodate every (conceivable) family member and to leave room for further expansions, should the occasion arise. You also have to consider how the size of your house contributes to property taxes, utility bills and, of course, overall building cost.
Micromanagement leads to disaster
If you are a type of person that can be defined as a micromanager, chances are you’ll fall into a fairly common trap of interfering with the work of the professionals you’ve hired. On the one hand, it is advisable to visit the lot at least once a day while the house is being built.
Your non-intrusive presence can only have a positive effect, but the problems begin to arise once you start micromanaging and directing the contractors. Remember, if they are experienced, these residential construction contractors have done this sort of work before and if the nerves are strained under the hot sun, this micromanaging can only lead to a disaster.
How to allocate resources
Before you consider a loan from a bank to build a home, you need to be aware of the ballpark of the underlying price. You have to sit down with your spouse or other adult family member(s) and spend an excruciating amount of time investigating the market, price of the materials, look for the most reliable and affordable crane hire in Brisbane and other building contractors.
After you create a list of necessary resources and add up the numbers, you’ll end up with the financial basis for your house-building project. Now, treat this number as two-thirds of the overall sum you’ll loan. Remember this golden tip – the house you’re building will never come under the budget or fit into it perfectly. You’ll always be faced with unpredictable situations that require more money.
Think green from the onset
Going green is not only a trend – it’s a necessity. If we are to lessen the detrimental impact the civilization’s having on the planet, we need to start acting now and, small tweaks aside, implement the latest eco-technology. Your contractors can probably suggest very reasonable deal packages for green upgrades which are previously negotiated between the banks and contractors or created by banks alone in order to promote a quick and efficient rise in ecological housing.
Even though most of these technical changes and additions might appear daunting and unknown –solar panels, energy and water saving tech, cutting-edge insulation – they are not only a good investment into the future environmentally, they can also add up to a surplus when it comes to utility bills and maintenance.
The process of building your home from scratch is a multi-faceted project that requires copious amounts of patience, planning and organization. You’ll have to juggle the money, contractors and curb your enthusiasm when it comes to certain stylistic minutia. However, if you do this right, your first home might also be your last – and that is a good thing.