Most people would likely agree that the highest real-estate dream is not always just owning a string of properties, or owning the most luxurious house that has ever been built – but building your own dream house from scratch.
Of course, not everyone has the opportunity to do this. While it may seem simple given how many new builds can be built within a matter of months, crafting a brand-new and unique home from scratch is still a major ordeal. Not to mention expensive.
Now, we’re not going to suggest, even for one second, that you would jump onto this process without considering a robust plan forward, or staging the ground necessary to make this dream a reality.
However, it’s also true that if you’re just flirting with the idea, it may be that some warm starting advice can help you get that ball rolling for good. So, allow us to offer some handy pointers to get you started. Without further ado, let’s begin:
Search For Suitable Land
To build a house, you need to own the land you’ll build on. Luckily, empty lots go up for sale all the time. It’s important to become familiar with the kind of land you need, with soil that can easily accommodate housing foundations, appropriate water runoff systems, and to the accessibility and privacy necessary for managing resources and buildings. You will also need planning permission from your local housing authority, and make sure no neighbors dispute the home-build efforts you put in place.
Searching for suitable land, then, is about carefully setting the stage, and you can use property developers to help you confirm the right sale. Note you will also need to maintain this land during the entire building process, even if you don’t get started for some time.
It’s essential to work with a qualified architect to properly design the layout of the building you hope to construct. Don’t just assume this is possible by your own effort, as crafting a beautiful space in keeping with other houses in the neighborhood, maximizing the space, ensuring natural light is felt throughout the day, and ensuring your exterior land is properly accessible will have a huge impact on the standard of living you enjoy there. An architect will be delighted to help work within your directed guidance, as it provides them with the kind of professional challenge they live for.
A Financing Timeline
You might not be able to fund the entire build right now, and that’s okay. You can build a home in stages, but you must have a solid financial timeline in place so you can work with contractors, store your appropriate materials soundly over time, and protect the half-built construction with weatherproofing and security measures so your progress isn’t subverted over time. A financing timeline, perhaps offered by a home loan broker, allows for a comfortable process that helps you progress in stages, as opposed to putting the project on pause. Many people do this for their retirement properties, even building the homes over a span of ten years.
With this advice, you’re sure to think well about your first home build.
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