Building Your Dream Home on Your Own Lot
Whether building new or renovating an existing structure, creating a new home is a journey of discovering who you are, what you want, how you want to live and where you want to be. It’s a chance for you to define your relationship to the world, to your family and to yourself. Creating a home is more than building “3 bedrooms, 2½ bathrooms.” It is so much more than the sum of a few parts.
As with any journey, you’ll want to do some research and plan your trip. You’ll want to have a sense of what the end result should be and how much it’ll cost. And while you’ll no doubt be able to go it alone, having a seasoned and experienced guide show you the way will likely mean a more enjoyable, more enriching and overall better journey.
If you care enough you just do it. You bind the goods and trappings of your life together with your dreams to make a place that is uniquely your own. The crucial ingredient is concern, care for the way that a house is built and the shape it gives to your life.
Do you have a new home floorplan that you love, or land that inspires you, or both? Building a home on your own land can sound like a pricey prospect, but rest assured that new homes can be built on your lot or land across a wide range of budgets.
If you have a specific time frame for moving, you’re likely to be better off with a semi-custom design rather than a completely custom-designed home. Building a new home takes four to six months if your builder has already built your floorplan, but it can take significantly longer if you’re having a completely new design built or if you’re asking for extensive customization.
Maxwell Estate Builders build modular homes, which can be faster to build, as well as less costly than other new homes. A design-build company like us will cost less than working with an architect and interior designer. Just make sure you get everything defined and in detail so you know, for example, what kind of ceramic tile you’re getting. Look at the numbers you’re quoted, too, to make sure you understand what’s included in the price. Don’t just go with the lowest price because you may find yourself spending more to upgrade things later.
Building a new home begins long before the foundation is poured. To avoid costly mistakes during the construction process, start with these five important steps.
- Plan Your Budget
Begin now to think about how much you can afford to spend and how much building your new home is likely to cost. Chances are you will need a construction loan and a mortgage. It’s not too early to find out what size loan you qualify for. Also, knowing the approximate costs will help you modify your building plans to meet your budget.
- Choose Your Lot
Whether you are building your home in a suburban development or a site with sweeping ocean views, you will almost always need to choose the land before you select floor plans or other details.
- Line Up Your Team
Unless you are a homesteader, you’ll need a team of experts to design and construct your house. Key players will include a builder, an excavator, a surveyor and a home designer or an architect. Many homeowners begin by selecting the builder or contractor. That pro then selects other members of the team. However, you may also opt to hire an architect or designer first.
- Pick a Plan
Many new homes are built using stock plans from a catalog. The builder or a home designer may make minor modifications in room size, window style or other details. A custom-designed home, on the other hand, is created specifically for the family which will live there. In most cases, custom-designed homes require the services of a licensed architect. Whether you opt for a stock or a custom design, you will be wise to choose a plan that will meet your needs for many years to come.
- Negotiate a Contract
Be sure to get a written contract which has been signed and dated by both the builder or contractor and the architect or designer. A contract for new home construction will describe the project in detail and include a listing of all the parts to be included in the house. Remember to amend the contract if you or your team make any changes to the project later on.
An architect and a builder (if not one and the same) are going to be your most important team members. These people will act as guide, therapist, advocate and counselor throughout the journey that creating your home is. And, as with all good professionals, the right guide can ensure that the journey is all the more enjoyable.
As a professional Home Builder in New Delhi NCR regions of Gurgaon,India – my advice is to spend a bit more on the design and planning effort. The best money you spend will be on complete design documents and a fully developed list of materials and finishes. Changes during the Construction process, while inevitable, should be minimized in order to yield full traction on the progress and good value overall. Also- consider the life-cycle costs of selections made- not just the initial installed costs. A professional team will focus on the long term requirements for maintenance and upkeep as well as the up-front price. Quality costs- but quality pays in the longer term.
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