Building a 2,600 square feet single-family home will cost you between $240,000 and $710,000 on average, according to a price guide on Fixr.
Some homeowners find their ideal home by going through listings and attending multiple open house events until they identify the right property. Others opt to build a home from the ground up.
Building a house from scratch allows you to customize your space because you decide what you want. Whether it’s choosing the right size wall art, corner fireplace designs, and bedroom decor, you have a say in everything based on personal taste.
However, constructing a custom home isn’t a straightforward task. There are many factors you must consider to achieve the best outcomes. Below are tips for crafting your dream home from scratch.
Building a new home is all about setting clear goals and taking the necessary steps to achieve them. Therefore, evaluate your needs and then list down all your expectations.
Brainstorm the type of features you want in each living space, and then write them on a piece of paper. You can even make rough sketches to get a better idea of what you want to achieve. Determine how much you want to spend and think of the future.
For instance, if you’re single or living with your partner alone, factor in how many children you plan on having in the next coming years.
Doing so helps you decide how many bedrooms you need to build. If you intend to work from home, be sure to include an office in your custom home design drafts.
Ideally, all the amenities you wish to have in your dream home should fit your current and future needs.
Set A Budget
A budget should be a part of your goal statement, but it’s an essential aspect that needs to be handled separately. When budgeting for your custom home, think carefully about how much you can afford.
Also, consider how the overall cost of construction aligns with your plans. This move will help you create a realistic budget you can stick to throughout the project. Bear in mind your budget should reflect the cost of everything you need to build your perfect home.
Therefore, include land cost, local fees, taxes, design, and engineering costs. Ensure your construction budget also accounts for landscaping fees, interior decor services, furniture, and miscellaneous.
With a well-detailed budget, you can easily determine how you’ll finance your project. You can opt to use your savings, take out a personal loan, apply for a home equity loan, or obtain a self-build loan from mortgage lenders.
Find Suitable Building Land
Finding an ideal plot for building your home takes time and a lot of research. If you have a location in mind, you can narrow down your search for land. All you need to do is drive around the area you desire to build and identify a perfect spot.
A suitable building lot will allow easy access to social amenities like schools, malls, hospitals, and recreational parks. It should also be in a secure and safe location. If you’re clueless about where to buy a plot to build on, browse through real estate websites.
There you’ll find countless building lots for sale listed. Once you’ve identified land for property development, don’t purchase it immediately. Take some time to learn about land investments in the area and view the plot first.
This step helps you decide if the location and size fit your needs. You’ll also be able to investigate if the lot has any issues that might delay your project.
As a general rule of thumb, avoid any land that doesn’t have clear details like title deeds and zoning requirements. That way, you can avoid conflicts with the owner or local authorities.
Hire The Right Construction Team
No matter how good you are at DIY projects, you’ll need a team of professional builders to craft your home from the ground up. First, you need to find an architect or designer to draw plans for your dream house.
A home designer will offer guidance about structural designs and the type of land, location, and size needed for the construction. They can also be helpful when it comes to project management, as they have experience in instructing other contractors.
With this in mind, consider hiring an experienced architect you can have a good rapport with throughout the project. Remember, you’ll also need builders, electricians, and plumbers for the construction work to run smoothly.
Make sure you hire service providers with a good reputation and expertise in handling self-build projects.
Building your dream home from the ground up is exciting, as you’ll have the opportunity to customize the designs to fit your personality. However, the process can be complicated, especially if you’re new in the real estate market.
To build a perfect home, you’ll need to set goals, find land, establish a budget, find funds for the project, and hire the right building professionals.