Home building can be a very exciting experience for the new home owner. Especially if you have never owned a home before, there is something quite special about knowing that you live in a place you can truly call your own. At the same time, there is no denying the stress that comes along with it. That’s why it is so important to actively prepare for your new home construction.
What You Should Know About Home Building
To minimize stress and maximize your comfort and convenience, here are some essential things you should do before getting your home built.
Every responsible adult will know to “run the numbers” in order to determine their home building budget. However, the trick is to account for all your costs, many of which are hidden. There is the direct cost of construction on the one hand, but on the other hand:
- Down payments
- Refunds & savings (from taxes or otherwise)
- Cost of your estimate (if there is one)
Choosing Your Builder
Next, there is the matter of finding your contractor. This may or may not be as simple as asking your friends and family who they might refer, but you should be mindful of:
- Whether they are licensed
- Whether they are insured
- What their reputation is
Also, it’s never a bad idea to request a look at their portfolio so you can see what they’ve done for yourself.
Consider Going Green
“Going green” with environmentally friendly home design isn’t for everyone, but it should always be considered. Everything from electricity, windows and doors, home insulation, HVAC, utilities, and water usage can all bring huge economic benefits when your house is environmentally friendly and energy efficient.
Remember Your ROI
Is it ever too early to start thinking about resale? We think not. Even if you’re planning on living there forever, you never know how you will fill in the future. That’s why you should always be mindful not only of how much home building costs now, but how much return on investment it will produce down the line.