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Points to Consider When You Build Your House

  • Real Estate
  • September 5, 2017
  • Comments Off on Points to Consider When You Build Your House

For most people, having an own home is a culmination of years of savings, cutting out any extravagance and months of planning for it. However, the happiness of being able to say “My Home” can only be felt if all things have fallen in place to perfection. This can only be ensured if correct planning has been successfully carried out from much before the time that the first stones are laid.

What then are some of the points to consider when you build your own home?

  • Knowing what you are getting into – There is a whole lot of things to be taken into account and it is not necessarily about money. If you are planning to buy an apartment, things might not be that difficult. Getting a readymade home and checking in is far less taxing than having one built ground up. It requires huge time commitment so you have to decide whether you can really do so. Even if you have got a builder and have delegated the work on a turnkey basis, you will still have to spend hours to make sure that things are rolling as per set plans.

Another thing to keep in mind is that building your own home can affect your personal life, especially your marriage. You have to make compromises on the financial front and this can be very difficult with growing school going children around. Think of alternatives and in the worst case scenario you might have to put off your house building thoughts till such time as you are on more stable financial footing.

With the negatives out of the way, it’s now time to focus on the positives.

  • Budgeting – There is always an inclination of new home owners to have everything on a grand scale. But think, can you really afford it? Talk to financial counsellors, work out the amount of mortgage payments that you can truly afford without drastically changing your lifestyle and the quantum of savings that you have to meet required margins. Arrive at a figure that you will be truly comfortable with and then budget for the price of your house.

  • Get a reputed builder with proven credentials – It is always advisable to hire a reputed builder and allot the work comprehensively, from the design stage to completion. If you are building your home in the state of Victoria you can contact agencies for labour hire in Melbourne and get required help. First Personnel is a leading agency in this field and it can assist you with recommendations and contacts of top builders in your area and help you in hiring one.

  • Draw up a detailed plan – Once you have had preliminary discussions with the builder the next stage is to have a detailed plan drawn up. Reputed builders have designers and architects working for them and hence this should not be a problem. Make sure that you make provision for the future too – increase in family members or parents coming to stay with you. After all it is not every day that you will renovate your home. The blueprint should be thorough, even to the extent to where electrical outlets will be placed. Make sure that you involve your family at every stage of the process and encourage them to express their wants and requirements.

  • Get the required permits – There are many permits that you will need before the construction starts. If you feel that the legalities are beyond your comprehension, ask your builder to help you out. They usually have good knowledge in this area.

  • Closely track the progress of work – Even though you might have comprehensively outsourced the project to a builder, make sure that you continuously track the project. If you notice any minor flaws or deviation from plan, you can have it immediately rectified.

There are many other points that need to be taken care of but these are the major ones. Follow these carefully and make your dreams of having a house of your own come true.

  • Published On : 1 year ago on September 5, 2017
  • Author By :
  • Last Updated : September 5, 2017 @ 10:02 am
  • In The Categories Of : Real Estate