Buying a ready-built house is difficult, but more difficult is buying a vacant plot and building a home on it. There are many considerations before you can go ahead with the construction of the house. Here are the top 4 things that you should know before home building.
1. Buying a Plot of Land – For home building, the first thing that you need to do is buy a plot of land. When buying the plot, location should be your first concern. The land should be accessible from hospitals, schools, supermarket, and others. It should also be close to the road so that travelling is convenient.
2. Get an Estimate – Home building is not cheap. A lot of expenses are involved in it. Speak to a real estate expert to get an idea of the expenses that you will incur.
Title insurance is another essential expense that you will want to consider. This will protect your property from damages, losses, and any legal complications. You will also incur additional expenses during the land survey if it has not been done earlier. Other expenses include building costs, utilities, and others.
3. Obtaining Planning Permissions – You can’t begin the construction of your house before you obtain planning permission. It is a long process, but it changes the land’s value considerably. To get planning permission, you will have to know and understand the local and national planning policies so that you can avoid any inconsistencies in your proposal.
The first step is to submit an application, detailing your construction proposal that will give the site location, type, size, and design of the house that you want to build. You will need to follow prescribed building codes. Seek help from the planning department on the kind of proposal that you should submit.
Remember that even though planning permits are a hassle, they are unavoidable. They are there to protect your land from nasty neighbors. As the construction progresses, you will need to apply for an increasing number of permits. Be ready for all of them.
4. Choosing the Right Building Company – After all these, you have to choose the right building company. After all, you are building your home and
cannot afford to make mistakes. Here’s a checklist to help you choose the right building company.
a. Reputation – The company’s reputation is the first thing that you will check before signing the contract. Speak to former clients and get their input.
b. Building Insurance – The building company should offer you home insurance to protect the house from any losses, damages, calamities, and others.
c. Adhering to Deadlines –When you speak to former clients, you must ask if the company has a reputation for building within the agreed time or if there are unnecessary delays. Such delays can be expensive.
d. Building by Plan – Does the company offer you plans that you approve of and can they make changes to suit your needs?
e. Budget – Next to reputation, budget should be your primary consideration. When you check the company’s reputation, you will also get to know if it sticks to the initial costs or makes changes. You should not be in a financial fix later on and so ask for a fixed price with expense details when you sign the contract.
In addition to all these, it would be good if you could also consider building an environment friendly green home. These things will not only be good for the environment but will also help you save a good amount of money. Consider installing devices for energy conservation and insulation so that you can save on utility bills. Solar panels are another option that you can consider.
These are the top 4 considerations before your begin the construction of your home. The process starts with buying the land and does not end till you move into the house.
Sally Smith is a freelance writer at the marketing squad at Ken McKay Homes, a quality home builder in Australia. Head to their website to check out their plans, you might just find your dream home.