Building a new home is one of the biggest and exciting experiences that many people experience. There are so many things to consider when building a home that it is easy to get overwhelmed and overlook the smaller important details. To reduce the worry here is our list of things to consider when building a new home.
It is the first and the most important aspect when building a new home. The location of your home will not only determine the future value of your investment but also many aspects of your everyday life. So, set your sights on finding a location that is convenient for schools and work, has a great neighbourhood safety rating and within your final budget. A good real estate agent can be your biggest advantage when investigating these aspects so do not hesitant to ask.
Know all the numbers
Once you have chosen your location and have the final price for your house and land. The next step is to determine how much you will need to borrow from the bank or finance lender. Unfortunately, your final house price may not include other costs attached to buying property. So it is important to consider the additional costs such as the initial deposit, stamp duty, conveyancing costs, and lenders mortgage insurance. You need to know all the numbers when it comes to living in a new home.
Check the reputation of your builder
Do your research and find a builder with a good reputation. Ask for recommendations from family or friends who have built a home that you really like. Always speak to your builder about what you want, what your expectations are and how they can help to accommodate them. There are many builders around however not all of them are ability to complete your new home to the right quality standard. Detailed research is your most important asset in this situation to find the builder who is right for you.
Build with resale in mind
No matter how much you love the house you are building, it is rare you will spend the rest of your life on the same property. Due to unexpected circumstances, you may need to sell or possibly rent it out. With this understanding, you should also consider how any decisions impact the property’s resale value. One of the best pieces of advice is to not build anything completely outside the general neighbourhood’s value.