6 Things You Must Know Before Building a House

Congratulations! You have just bought a plot of land. Whether this is your first land purchase or you have several properties in your name, a real estate investment always pays off well. If you only purchased the land and wish to build a house on it, you have a long way to go before you can finally live in it. But the process to build a house is rewarding, albeit arduous. So here are some house building tips for you before you get started:

Understand the Legalities

Before you start to build a house on your property, you need to be aware of the permits required for construction and other activities in the area. There’s also the question of insurance in case something goes wrong. So while you take care of the latter, we as your builder will get an independent inspector to check in from time to time during the build process to ensure everything is as per the legal framework. This can happen about 6-8 times during your build to make sure everything is up to code and standard in line with Progressive Home Warranty guidelines.

Set a Budget

The first thing you need to do when you build a house is plan a budget. Talk to your mortgage broker - find out what you are pre-approved for. Once you have that number it's much easier to go ahead and start working on your budget. Your budget should include the construction cost from start to finish, cost of materials, labor, permits, etc. Additionally, you need to keep some money aside for unforeseen purchases, upgrades or contingencies. Once you have a budget in place, you can start creating your dream home as per your affordability.

Create a Plan

The next step is any home builder’s favorite part. You get to choose for yourself how you want your home to look from the outside and inside. Depending on your budget, you can design your home as per your taste, decide the level of luxury, and pack the home with modern amenities. One of the best house building tips to remember here is to build a house with resale value if you decide to sell in the future.

Find the Right Home Builder

Once you have an idea about your dream home, you need to find someone to turn that dream into reality. While researching the right home builder, look for their credentials, experience, previous work, reviews, and price. Ask them about any additional costs upfront, so you start on the right foot. Once you have chosen the right builder to build a house, ensure you communicate regularly with them throughout the process.

Stay Prepared for any Hiccups

Of course, not everything could go according to plan. You must expect delays during the construction and create contingency plans for them. Discuss the general roadblocks of building a house with your home builder and prepare for them in advance. That way, you could minimize any delays and get closer to the completion of your dream home.

While these house building tips can get you started on your dream project, we at Cranston Homes aim to help you achieve your goals. We promise to build a house for you with quality craftsmanship and deliver the utmost client satisfaction.