When you dream of becoming a home owner, you have two options. You can either buy a house that you find available on the market or you can buy some land and build the house according to your own wishes.
However, when you do this, there are a certain number of things that you have to take into consideration. Neither of the choices is easy, and no matter if you choose to buy or if you choose to build, some steps are common for both of these.
Here’s what you need to know when you decide to build your own house.
Know the Budget
That’s right, you need to know how much money you can use. This is a step that is used in both procedures, when you want to buy but also when you want to build a house. The budget can be determined by summing up your savings and the money that you can take as a loan from the bank.
However, not many people can afford to make such savings to allow them to build a house, so they usually use the money from the bank or a financial institution. Don’t worry too much about it, because all you have to do is go to the bank, tell them how much money you earn each month and they will tell you how much money you can use for building your house. In case you fit for a loan, you can go to the next step.
Make an Idea
When you think about your perfect house, you need to think about it with the budget in mind. If you know a little about the prices that are practiced in your area, then you can easily make an idea.
You need to know how big you want the house to be – how many bedrooms, how many bathrooms, with or without a second floor, if you want a patio next to the house and / or a garage, if you want a basement or an attic that can be transformed into one or two rooms and so on.
Each of these choices that you make will influence the price of the construction, so make sure you think about something that can fit into your budget.
Talk to an Architect
This is the next step that you have to take. Now that you have the land and you have an idea, you can go to an architect and tell him or her exactly what you want. They will charge you for creating the project, but you will also be able to make an idea about the total cost.
When you start this, you can tell him that you have to fit everything into a certain budget and he will try to make the project according to your wishes.
There is a tricky part with creating a project – usually, the architects try to impose their ideas and even if the ideas are wonderful, you should not allow changes that you don’t want to be made. If you really want something, make sure you get it, no matter if the architect says that the aspect would be better or the materials are more beautiful.
However, there is one thing that you should listen to – the ideas about safety and security, because you need a house that is resistant and safe, and the architect knows exactly how to do this.
After you have the project, look for a construction company, and ask for a free estimation. This will allow you to make an even better idea about how much everything will cost you, because this is what the estimation is all about. The estimation is a report that tells you everything about the future construction – what materials will be used and in what quantities, how much time will they take for each phase of construction, the warranty and the insurance, what team will work for your project and so on.
Apart from this, you will also be notified about price and contract – don’t choose the company that has the biggest price, even if it fits within your budget. Of course, you shouldn’t choose the one with the lowest price. After you have received at least a few estimations, choose one that is in the middle and make sure they have experience and that they are licensed in building the type of house that you want.