Best Tips For Building A New Home

If youve always dreamed of building the home of your dreams there are a few key steps

to remember to make the entire process easier and more successful. While building a home is a huge investment of time and money, the result can be well worth it. Having a home that is made exactly to fit your specifications with the perfect floor plan and finishes may be well worth the extra time, stress, and money.

The very first step in the process should be deciding upon what it is that constitutes your dream home. There may be a wide gap between what you want, though, and what you can afford. Make a list of what is absolutely essential, what would be nice, and what is optional. Decide from the beginning how much of that list must be fulfilled to make it worth it. Moreover, decide what style of house you would prefer. Look at floor plans and layouts to determine what kind of home would best fit your lifestyle.

Make sure that you are financially prepared for the process. Talk to your lender to make sure that you have a firm handle on the process and how it will work. Get prequalified so that you do not have any surprises down the road. Most builders will require a significant deposit before they will begin the work, so make sure that you have substantial savings available to put down. Buying a new home can be very expensive so budget for things like landscaping and window coverings that may not be included in the price of the home.

Once you feel fully prepared to undertake the home building process, it is time to choose a builder. Dont rush through this process even if you are anxious to get going. Talk to friends and neighbors for referrals. You may even want to talk to a local real estate agent to gather information about local home building companies. A great resource is your areas home builders association. They often have strict guidelines that companies must meet to gain membership. Contact companies for referrals and follow up on each one. Many home construction companies will let you inspect homes that they have recently completed. Walk through these homes with a critical eye looking for quality in workmanship and materials.

Once you have selected a builder make sure and sign a written contract with a set price before construction begins. Depending upon the home building company you choose, they may have in-house design or you may be required to find your own architect. Make sure that you take this into consideration when negotiating the price. Most importantly, look to ensure that the contract specifies exactly what is included in the home from products to finishes. With this contract in hand, you are on your way to taking your vision of a dream home and making it a reality.

by: NBA Online

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