CPT Blog

It is everyone’s dream to build their dream home, but the process is not an easy one. A good plan and competent builder make the most efficient home construction. A good plan includes preparing things before starting construction to avoid stress and costly mistakes. 

As your dream house becomes a reality, here are the five important steps you should go over.

Plan budget thoroughly.

A budget for building a house is the best way to start your preparation. It helps develop a realistic idea of how much the house costs and how much you can afford. You have to note that planning the budget is the most complicated and time-consuming process in preparing for home construction.

There is a great chance that you need a construction loan. Applying for a loan is fine as long as you know how to balance your wants with a reality check of what you can afford. 

Know the hidden costs of home construction.

Most first-time homeowners are surprised when they notice the hidden costs of having a home. Some assume that building their home is a one-time start-up cost, but it comes with ongoing monthly expenses that might catch you off-guard. These expenses include homeowner’s insurance, lawn-care services, utility bills, and property taxes. If you have been renting a place, these additional expenses are new to you and might startle you.

Choose and check the condition of the lot.

If you have not purchased a lot yet, getting a rough estimate of land costs in the neighbourhood you are considering is important. Whether you prefer to have your home in a developed suburban lot or a site with incredible scenery, you must check the lot’s condition. Investigate the soil condition, drainage, zoning, and building codes. These conditions determine if your house needs a customised design to fit on the lot.

Choose or create a house plan.

There are several houses constructed from an online source or printed catalogue source. But if you want to have your customised to the home of your preferred style, you can get ideas from several catalogues, have a professional look, and customise the best stock plan. If you plan to have a customised home design, this requires a licensed architect. 

Create your home construction team.

You have to create a team to design and construct your home. In most cases, homeowners start by selecting the builder, home designer or architect. But even with these on-site teams, it is best to have you involved in the process.

Negotiate a contract with building professionals.

You have to ensure to have written and signed contracts for the builders and the team members to sign the contract. The contract holds the project in detail. Be sure to modify the contract later if you or the contractor made any changes to the project.

Spend time preparing for your home construction and carefully follow the preparation steps. The process is challenging and needs a lot of hard work. If you need a piece of advice on home construction, do not hesitate to call us.