For those of you considering building your home, it is a wonderful opportunity to create your dream space. While you may be thrilled about the prospect of selecting that perfect flooring, kitchen backsplash and window treatment, the sheer number of decisions, responsibilities and costs can quickly overwhelm you. Before you let yourself get carried away, have a look at our tips below.
Prior to building, it is vital that you do your research and educate yourself on all aspects of the process. This includes construction materials, contractors, expected timeframes and legal requirements. To help get you started, we’ve compiled a list of required documents for home builders here. Careful planning will help reduce hiccups.
Before you begin the process, have a clear budget and know exactly what you can afford. To the best of your ability, list out all anticipated costs and even add a buffer for additional expenses you may not have expected. Your budget directly impacts any contractors you hire and also shapes any decisions you make during the process. For example, a seemingly small change in the size and type of tile you use, could lead to significant cost overruns. So that knowing how much money is allocated to each element helps prevent you from making choices you would regret later on.
Building a home requires the expertise of many qualified personnel. Some professionals you will likely need are a land surveyor, an architect and builder. A land surveyor is involved in ensuring aspects such as the foundation and walls are in accordance with legal boundaries. He will also carry out a topographical survey which provides needed data for the design of the home, location of drainage and other utilities. Your architect will draw plans based on your discussions and preferences. These plans must be submitted to the Town and Country Planning Division for approval. The builder, before commencing construction, provides a price estimate of all materials and labour required for the project, and ensures you have a thorough understanding of the cost and the phases of construction.
Another common recommendation is to anticipate that things will take longer than the projected timelines so be prepared for unexpected setbacks along the way. Having a calm and flexible approach is an asset as issues are likely to arise that will require you to think clearly and rationally and work closely with your team of professionals to make a decision.
We hope these tips point you in the right direction, if you are considering to build your home. Just remember that building may not be for everyone. So if you think this is not the ideal solution for you, then there’s always the option of buying. Choose what suits you best.