Building your own home is often a rewarding process – but it can also be stressful if you’ve never been involved in a construction project before. There’s a lot to think about, including the costs related to construction, building materials, and how long you expect the build to take.
If you’re getting ready to build a new construction home, it’s good to be prepared. That’s why we’ve put together this list of three tips for building a new construction home, featuring the key factors you need to consider.
1. Set a budget
When building a new construction home, setting a budget as early as possible is the key to success. Make a list of all the materials you’ll need – not just building materials such as bricks or stone, but things like insulation and roof tiles. The scale of your home is relevant here, as the bigger it’s going to be, the more materials you’ll need, resulting in higher costs and a longer timescale.
Other costs to consider include buying the land for the building plot, the price of which is likely to be affected by factors such as size and location.
Keep in mind that home construction loans are available, so if you’d rather pay for your build in instalments while still being able to cover upfront costs, you should consider applying for a loan.
2. Create a floorplan
Knowing the layout of your home is essential to the building process, as it gives you a map to follow during construction. You can make adjustments to it if necessary, but having a floor plan gives you a good starting point to work from and gives you a clear idea of how things are progressing.
3. Know your schedule
Before you get started, you need to have your schedule planned out. While it’s possible that things will change once the building work gets started, it’s important to know roughly how long each stage of construction will take. This means you’ll be able to schedule different parts of the build for various points in the year, so you should be able to take advantage of the weather when building in the spring and summer.
When you’re building a new construction home, having a home construction loan is really useful for getting started and for covering costs throughout the process. If this sounds like something you will need, you can take the first step today by applying online with Simpler.