Are you really ready to build a custom home
Signs you are ready to build your dream home
Buying or building a house – it clearly depends on your personal choice and budget of course. You have the flexibility to custom design your house, when you build it from scratch. After all a home is the fruition of your long cherished dreams. Building a house lets you save a reasonable amount of money in the long run as well as during the construction work is going on.
Before you start building a house, you get to analyze that whether you are really prepared for building your own house or buying it straight away. Here we bring some basic points to help you figure out, how far you are ready to take on the house building project.
Building a house is tedious process and requires plenty of money depending on the kind of home you are planning to build. A duplex villa would certainly cost different than a basic 2 BHK house. Funds are crucial for starting a house construction project and you must be prepared with enough money, including extra expenses to commence the project. Either you save money since a long time, acquire it by selling your old house, or applying for a home loan (land purchase + construction cost), you must gather the requisite amount before the construction work takes place. There are instances that a house is left incomplete due to over-budgeting or underestimating future expenses.
You get apprehensive about having such huge amount of money in your account, but that’s alright when there is a home construction in the pipeline. Unless you have the money, make sure not to start the project and bear the brunt of it (delay of work) later due to lack of funds.
2. Do you have a plan approved by an architect?
It is important that you have a plan ready for your plot, otherwise mismanagement would happen and you will end up constructing a house that would hardly become your home. Hire a good architect and get your plan approved by him/her to make sure there are no flaws in it. Explain them what kind of house you want and other essential amenities as well. It would help you to get a better picture of your dream house beforehand.
3. Do you have enough time to build or a contractor to help you out?
Construction of a house takes a great amount of time and monitoring as well. Make sure you have enough time to spare looking after the work or hire a turnkey solution provider company who can assist with the building work. Depending upon the type of house huge/small/villa or mansion the construction work may stretch from few months to even couple of years. In case you hire a contractor, you still need to look after some or the other things to prevent any breach of quality issues, whereas a turnkey company can seamlessly offer you the most suitable solutions home building. For technology such as prefabrications, you get a house built within as less as 60 days to 90 days as well.
4. Have you decided the location?
Locating the suitable site is very important as you can neither shift it nor modify the underlying things. Make sure that the plot is in a good location with proper connectivity by road and has adequate resources such as potable underground water, gas, electricity connections etc. Apart from that check the drainage and sewage system and avoid if it is a wetland. Finding the right location would definitely allow you to have more room with other necessary work relating to custom build your house. Check how far the nearest school (even if you have no kids – it would increase the resale value of your house or who knows in future your kids might go there), hospital and local market is located.
Once you are done with the above mentioned points such as devising the right plan, allotted the capital for construction and time or a turnkey solution company at hand, you are good to go with your custom home building plan. Yes! You are actually ready to take the plunge and see your dreams transform into reality.