Building a house is an experience that elicits both excitement and anxiety in equal measure. The excitement inevitably comes from the thought of owning and living in your dream house. The anxiety comes from the fear of facing challenges and problems during construction. Both emotions play a key role in how you handle your building project from the onset. If you get too excited, you may lose focus and miss some key issues that are critical to your project. On the other hand, if you get too anxious, you may end up having difficulties solving even simple problems that arise during construction.
With that said, there are certain steps that you can take to manage your excitement and limit your anxiety in order to ensure that you end up with your ‘Dream Home’. Read on to find out more.
1. Be Actively Involved In the Project
Building a house is not a passive activity that you engage in during your free time. This is an activity that requires your full attention, and commitment. Many homeowners assume that building projects should be 100% managed and handled by professional builders and contractors. However, this is not right.
There are so many crucial decisions that need to be made you. If you are not actively involved in the building project, these decisions will be made by other people and you’ll run the risk of your dream house not turning out as you envisioned or the project costing more than you planned.
2. Have a Budget
A construction budget is important when building a house. A house is a big investment that will require a significant amount of funds to build and complete. It’s important that you first establish how much money you are ready to invest in the building project.
With this figure, you can proceed to make a budget that details each and every construction cost you will incur during the project. You should include costs of materials, labor, taxes and licenses, consultancy services and other expenses. You should also include a slush fund in your budget for purposes of emergency spending in case problems arise.
3. Work with A Reputable Builder
A builder is the person responsible for turning your dream into a reality. Your builder will manage your building project from start to finish. They will guide you on all the technical aspects of construction that you may not be privy to. They will make day-to-day project decisions that will affect the overall outcome of the project. Basically, your builder will play a huge role in the entire process of building your house.
For this reason, it’s very important that you hire a reputable and experienced builder to manage your project. They should have the necessary skills, qualifications and experienced to build the kind of house you want.
4. Consider Resale Value
It’s prudent to build your house with resale value in mind. Although you may not be building your house with an intention to sell it, certain circumstances may arise that may force you to sell your house.
Building a house that will have a high resale value, and in turn a good Return on Investment (ROI) is a smart way to go about construction. Property resale values are usually influenced by various factors such as location of your house, materials used, finishes, special features and many others.
5. Maintenance and Repairs
Completing your house and moving in does not mark the end of building your house. Building is a continuous process that goes on long after you have moved in and settled in your new home. In most cases, there are usually a few things that need to be repaired after the construction is completed. Also, certain fixtures may need regular maintenance.
Be sure to set aside some money to cater for these issues.