Building Your Own Home? Here Are Some Things to Keep in Mind
You’re finally doing it; you’re building your own house! Congratulations! Building your own home is a big decision and one that contains a lot of excitement, decisions, and time. That said, you’re likely going to need some help when it comes to keeping it all together and getting it all done. Here are some things to keep in mind when you’re building your own home.
Work with a Realtor
Once you’ve decided you’re going to build your own home, you’re going to need to figure out where. Working with a realtor will help with this process. You’ll be able to tell them what you’re hoping for and they’ll have knowledge of the market to best direct you. They will also be helpful with paperwork and hiring contractors.
Choose a Contractor
One of the first things you’ll need to do when you’re building your own home is figuring out who you’re going to work with. You’ll need a general contracting team to do most of the work. You’ll want to be smart about who you pick. Your team should be reliable and responsible. You only have so much time and money to spend on this project and mistakes will be costly. They’ll likely have their own Project Manager to help with this. The project manager oversees all phases of the construction project while making sure the project runs on-time and on-budget.
Set a Budget
You’re going to need to set a budget. Building your own home can be rather expensive, so you’ll need to know exactly where you want to spend money and where you can cut corners. However, it’s also generally true that the more you put into the house, the more valuable it will be. You’re going to have to decide where you draw that line based on what you can afford at the moment. If you’re able, you’ll likely want to consider the possibility of getting a loan from the bank to help build your house. In this case, you’ll want to be extra intentional about sticking to your budget.
However, if your budget allows for some wiggle room, it may be worthwhile to indulge in some of the more expensive or unnecessary projects available to you. Additionally, it will be important that you allot enough money to withstand the time it will take to build the home. You’ll need to plan for sleeping arrangements while the home is being built and the reality is, even under the best of conditions, the average length it takes to sell a home is 65 days.
Look For Deals
Even if your budget doesn’t require it, looking for deals is also worth noting. Who doesn’t love a sale? Finding sales can help you spend money on other projects you hope to indulge in. One of the best ways to do this is to shop online and sign up for email marketing from relevant stores. Some 67% of shoppers were more likely to buy from a website that is compatible with mobile devices. While you’re scrolling through your email on your phone, it’s likely you’ll have received some coupons. Taking advantage of online sales on your mobile device will be a great way to cut down the cost of the new home.
Last but not least, have fun! Building your own new home is a special time. Have fun getting to personalize your own space and make it exactly how you’ve always dreamed. Be sure to make a plan to help with any stress and stick to it, but remember to enjoy the process.