BUILDING YOUR DREAM HOME ON A BUDGET
Whether you’re looking to build a brand-new home from the foundation up, or just thinking about remodeling your current house, there are a few simple steps you’ll need to take.
Research and Dream
First thing to do is to check architecture websites to see different homes and styles if you don’t have a clear idea on how your new home should look. This knowledge will help develop your ideas and fuel your conversations with architects, contractors, and designers.
Figure out your Financing Options
Meet with a banker or financial advisor you can trust to discuss your options. Figure out how much money you are willing to shave off your yearly budget or sacrifice from savings and retirement accounts in order to build your dream home. Oftentimes understanding your overall financial picture and options will be the key to combining idealism and pragmatism into the tangible result of your dream home.
Engage your Team
If you need to buy the land first, solicit a professional real estate agent for their services. They’ll help you find the plot of land and assist in factoring that purchase into your budget. Based on what you envision, they may also be able to help you locate a similar home that can be remodeled to your liking.
You’ve got a plot of land, but are starting from the ground up? Consider engaging the services of an architectural firm. A professional architect will effectively translate your dream home vision into a blueprint that the construction team can use as a guide while building your home. You will also have to employ a general contractor that will build your home.
For remodeling, find an interior designer or a skilled contractor. These professionals can utilize their understanding of form, function, and style, and their knowledge to make sure that your new living space is both pleasing and conforms to your local building codes.
Check on Licensing and Building Code Issues
Make sure that whatever architects, designers, and contractors you use are licensed professionals with good reviews, because a shady contractor can turn your dream home process into a nightmare. Don’t forget to check with your local government and make sure that everything will be done up to code for both legal and safety reasons.
Enjoy the Journey, and Enjoy your Home
Prepare for the unexpected! It’s not uncommon for architectural projects to go over budget, time estimates to be unrealistic, and unexpected issues to come up. A great idea to keep your hopes on track is to pin up or frame a rendering of your finished dream home, which the architect should be able to provide you. Hopefully, it will be smooth sailing for you, but if you ever need some encouragement, just look at that picture and remember what you’re working towards.
About the author
Luke Oleenik serves as the Managing Director of XL Building, a trusted building company specializing in second storey additions and custom home construction across Melbourne.
You may also like:
© 2018 The Home