No feeling comes closer to the happiness that you feel when becoming a homeowner. Calling a place your home and decorating it to match your personality is a dream that everyone has. Back in the day, people used to save money for years before they could think of building a house. Mostly, people would build their homes right before or after their retirement. However, now with banks and finance companies giving out home loans at attractive interest rates, building beautiful homes is possible while homeowners are still young.
However, achieving this dream is not easy. Finding the right place to build your home while making sure it fits your budget can be stressful. Building a home is a once a lifetime investment for most of us, and hence, it is important to make sure that you do not regret the investment you make.
We list down the things one should keep in mind before building a beautiful home for yourself:
1. Know your finances
Building a home requires a lot of investment. Even though banks are ready to give out home loans to the buyers and they are even ready to pay as much as 80% of the total cost, it is necessary to understand that the buyer will have to pay the rest 20%, which includes registration fee, and down payment, from their pocket. Make sure you have enough savings for the down payment and registration fee and your finances don’t go haywire afterwards.
2. Write down the budget
It is a good practice to have a budget allocated to different stages of building like foundation dwelling, construction, plaster, interior design, furniture, etc. Each stage of the construction comes with its cost input. It is advised that proper research on raw materials and their costs should be done before beginning the construction so you have a clear idea of how much money you will be putting in.
3.Quality of materials
A strong foundation gives your house longevity. Hence, one mustn’t compromise on the raw materials while building the house. You don’t want your house to have structural issues just a few years after it has been constructed. Good quality materials will be slightly expensive, but it will save you from doing structural maintenance for many years.
4. Controlling the construction cost
Raw materials for building a house are expensive, and a lot of it can go to waste if you do not have a proper layout of the house or an experienced person. Making changes regularly in design can increase the time of construction and waste materials as well. A good professional contractor or architect can help you employ new techniques in building the house while reducing the cost.
5. Think about the future
When building a home, keep the future in mind. Remember that if you are planning to expand your family in the future, then your home should be able to accommodate future requirements as well. When finding the place, make sure that it has easy access to roads and highways. Schools and hospitals nearby is a major requirement while also making sure that the house is near your workplace, so you do not have to travel hours every day to reach your workplace.
6. Location of the property plays an important role
Where you build, your house is extremely important as well. Homes are immovable properties, and once they are built, they stay there forever. When you build your home, it is necessary to understand the locality and the people living there along with the amenities that are in the area. Make sure the roads are built and if not, you can ask your local municipality office and get the information regarding the same. Make sure the locality has a proper drainage system, streetlights and security, and regular water supply.
7. Make a proper schedule
Building a home can be time taking and needs a lot of patience. However, you should have a timeline of the work that should be completed and try to follow the timeline. Following a schedule will help you keep track of the work done, supplies required, and budget. It will also help you know what supplies you will need to order for the next phase of construction while also making sure that the construction completes in time.
8. Hiring an architect
Building a house is a task, and you can lessen the burden of designing it by hiring an architect and an interior designer. A lot of companies nowadays provide the facility of architecture and interior design together. They do charge a certain amount for their facility, but it takes the load off your shoulder for constructing your home right and decorating it. These companies take your vision for your house and your requirements into account and prepare a layout for you.
9. Have an extra storage space
When you live in a house, the amount of stuff keeps growing every year, and after a few years, space becomes an issue. It is necessary to have an extra storage space or room in the house where you can keep the stuff you do not use. The extra storage space always comes in handy and helps in clearing some space in the rooms that you use regularly.
10. Enjoy the process of building your home
Building your home can take months and often calls for huge investment, but remember that it is the home that you have always dreamt of owning and the joy of seeing your dream home come to life from scratch is unmatched.
Our experts at Monagan are here to help you not only with all your home interior solutions, but also to guide you through the entire process of building a beautiful home which you can call your own.