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Are you thinking of building a new house?
For many Australians, building their own home is one of their top dreams. However, there are important things that must be considered when building a house. We’ll take a look at some of these things and features to consider when building a new home.
Set a budget for house construction
Before going out on to choose a home plan and builder, you need to determine how much you can afford to pay for your new home. These costs will include the price for the plot of land you want, the associated stamp duty, potential loan settlement, site preparation costs, planning costs, completion costs (which tend to be between 15-25% of the entire budget), and construction costs.
Get a plan that fits
Now that you’ve got a rough idea of how much you think you can pay for your new home, let’s consider a house plan. You’ll never get enough help when it comes to house plans, and tools like Floorplanner and RoomSketcher will get you started with potential mock floor plans. Plus, you can get inspiration from image-based social media platforms like Pinterest and Instagram.
The right builder makes all the difference
The builder you choose is perhaps the most important element in this whole deal. The right home builder can make your dreams come true and the wrong one can turn your project into a nightmare.
When choosing a new home builder, the criteria you need to consider include the builder’s experience, their professional accreditation (members of the Housing Industry Association / Builders), their reputation with previous clients, as well as their expertise. In addition, determine whether you are buying land and house packages from the builders or are engaging them only for the construction of the house.
Never sign a contract until you are sure what it all means
This seems obvious, but you would be surprised at the number of people signing contracts without reading all the terms. When involved in a project of this size, you should work with a lawyer so that they can explain everything you don’t understand in layman’s terms.
Make sure the payment terms, due date, warranty and insurance details are all clear. You don’t want to be surprised by incidental costs or find that some inclusions weren’t in the agreement. Anything you agree on with your builder must be stated in black and white in your contract.
Keep in regular contact with your contractor
With the papers signed and a deposit paid, your contractor will most likely start work on the first phase of home construction. It is important that you stay in touch with your maker regularly. Schedule time to meet with the project director to ensure that everything is going according to plan. Occasionally, the contractor may need to ask your opinion on certain finishes and features. If you are willing to make this decision, it will make their job easier.