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Last updated on: February 7th, 2020
When it comes to building a house, it can be one of your biggest adventures. For some people, building their forever home has been a dream of theirs for a very long time and taking on such a project was one of the most rewarding moments in their lives. The finished product is a home customized perfectly to their likings and lifestyle… who wouldn’t want that?
On the flip side, building a home definitely does have its challenges. It’s a task where you really need to decide if you’re going to be able to take on the task on your own or if you need to consider hiring a company to build your home.
Fear of the Unknown
With building a home, there are so many areas where mistakes can be made, and in this business, mistakes can be expensive and time-consuming and that’s where the “unknowns” come into play.
With there being so many unknowns, a lot of homeowners looking to build their homes are full of questions.
- How long will the building process take?
- How much will it cost?
- Should I really hire a contractor?
- How do I build a green home?
Those are common questions that homeowners ask, and they’re good questions but to get you off to the right start, take a look at the 8 biggest mistakes to avoid when going the route of building your house.
Not Choosing Wisely When Selecting Your Lot
If you already own the lot you plan on building your home on, then your process will be pretty smooth and straightforward. Now, if you’re buying a piece of land that you are going to build your home on, there are a few things you need to consider.
The Surrounding Area
This is an important aspect to consider when picking out where to build your home. How bad is the traffic in the mornings? How close are grocery stores and healthcare facilities? You want to make sure you are close enough to easily access those types of establishments.
If at all possible, consider looking to build your home near a school district, and this is a great tip whether you have kids or not because it will add to your home’s resale value.
When building a home, you need to be aware of the land costs that come with building your home.
- Water and gas lines
- Grading your lot
- Sewer connection to your house
- Building your driveway
The main thing to keep in mind is to not settle when it comes to choosing your lot. Even if the lot is the only lot in a subdivision, don’t settle until you’ve done your research and know you like the size and view of your lot… it’s going to play a big role in the building of your home. According to Better Homes and Gardens, researching home plans is the key to determining what kind of home will fit on your lot.
Not Learning How to Read a Bid
Construction bids can be very difficult to understand. The process of building a house is already quite expensive, so when people compare construction bidding prices, they typically go with the lowest bidder. That’s normally how it goes, but in some cases, they’ll find out that their home costs more to build than the actual bid.
Once you understand how to read and compare bids, it will help you determine which contractor is the best fit for you. You’ll need to see how they’re creating their bids, and most contractors use either assembly pricing, square foot pricing, or unit pricing.
Assembly pricing is more detailed and more accurate. Your bid is based on the price of each component and what it would cost to build, versus an average.
Square Foot Pricing
Square foot pricing is not the most trusted method because it gives an average price to the square foot of the space. It neglects the costs of materials for a particular space.
Unit pricing is the most accurate of all the methods. This method is based on what it would cost for all the supplies needed for the project.
Not Choosing the Right Builder
Choosing the right builder can be one of the hardest things during your home building process. After all, they’re the ones responsible for making sure that your home is up to standards and that they can build you a home to meet your style and budget. Be sure you do your research on reputable companies. Here are a few things you need to look for in a builder.
- How long has the builder been established?
- Is a home warranty included in the services?
- Are there financing options available?
- What type of experience does the builder have?
Not Prioritizing Your Amenities Preferences
There are people who will build their home and cut back on amenities to save money while others will go overboard and spend top dollar for upgrades. You need to figure out which amenities are important to you and your home.
One amenity that people focus on is the lighting in their homes. Good lighting can set the tone and atmosphere in any room. With lighting, you also need to consider whether or not you want to do it yourself or consider an electrical professional.
The kitchen is an area that a lot of homeowners like to focus on because it’s where they spend a lot of their time. So appliances and cabinetry are good investments that will definitely add resale value to your home.
Making Changes at the Wrong Time
It’s very common to want to make changes when building your custom home, but you also want to be aware of when you make those changes too. When you make changes during the construction phase, it can be more expensive than if you made your changes during the design phase.
Depending on the types of changes you want to make, it can slow down the building process too. There might be a delay on the type of materials that will be needed for the changes you want to make, which will essentially slow down the overall construction process, so just be mindful to make changes during the design phase, not the construction process.