It may seem a daunting task, but building a new home can be a rewarding experience. You can truly make it your own: you get to choose colors, cabinets, flooring and fixtures without having to deal with the design choices or shortcuts made by previous owners.
But building a new home can be very stressful and time consuming. So here are a few tips that will guide you properly on the new home build path:
1. Know the builder properly.
This is critical and may be one of the most important decisions you make. Ensure the builder is adequately licensed and insured, check into past work by talking to the builder’s clients, and make sure you are comfortable working with the builder because you will be working hand in hand with the person.
2. Read your agreement properly
It is important for you to understand what the builder’s costs will cover and what will not be covered. Carefully check the plans, warranty and insurance information. And don’t forget to pay attention to the payment schedule.
3. Plan properly
Make sure you meticulously plan the details of the house. Nowadays there are a number of online sites that allow you to create realistic designs and floor plans. Proper planning at the beginning will bring less stress later on.
4. Create a realistic budget
No matter how much you calculate the expected cost of your home, it will always end up costing more. Price increases in the cost of raw materials, items in your builder’s estimates that were omitted, changing your mind on certain fittings or materials will all result in throwing your budget off.
5. Prepare for delays
Be tolerant. Delays in any new construction are inevitable. Have a back up plan for the delays and don’t move our of your current home until you are absolutely certain that your new home will be ready by a particular date.
6. Inspect the new build regularly
Ensure that your builder schedules formal walk throughs the site at regular intervals. These will give you a chance to inspect the work properly. Make sure you go over the construction carefully and make the builder aware of defects, imperfections and issues you are not happy about. A follow up is necessary.
Do you have any property related issues? Please contact us. We can advise you on a new home build, a property purchase, a valuation or even a renovation. Our experienced Real Estate professionals are keen to impart their knowledge and expertise.