Building your dream home is the culmination of years of planning and saving. It’s exciting and a little overwhelming. Your builder and designer/architect can advise you and offer their expertise and industry knowledge, but at the end of the day there are major decisions that only you can make.
Here are five things you should consider when building your new home:
1. Your budget
Before you start building your new home you need to have a definite budget in mind. Your builder will help you plan a home that fits within your budget. You may need to decide on what your ‘must haves’ are and what you are willing to let go of to keep within your budget. Your builder may also come up with less expensive alternatives for you.
Some builders will say yes to anything only to let you down later – with a blown-out budget or a home that is less than what was promised. Insist on an accurate cost estimate that includes the extras you are asking for.
2. Know your builder
Reputation is extremely important when choosing a builder. Many builders come and go, but a good builder will have a longstanding reputation in their local area. They should also be members of a reputable industry association like the Housing Industry Association.
As much as you might think you will never leave the home you are building, it is a good idea to build with resale in mind. Be mindful of resale value and buyer appeal. Don’t overprice your home for the suburb you are building in. There may be features you choose because they are ‘must haves’ for you but be aware that you may not recoup their value at resale time.
4. Green equals long-term value
Maximising energy-efficiency is ultra-important. This includes placement of your home on the block of land and placement of windows. Your builder will be able to advise you on the best glass, roofing and insulation for your home. Solar is becoming an increasingly important addition too. Time and money spent exploring green options will pay off over the long-term. Typically heating and cooling costs amount to 40% of your energy consumption so these considerations are prudent.
A home is about lifestyle, about enjoying the space you live in, and having a haven to retreat to from our over-busy lives. For this reason it’s important to think about what you love to do. Do you enjoy relaxing in the garden? Cooking and eating outdoors in summer? Relaxing by the fire in winter? Swimming? Playing a game of pool with the family on Sunday afternoons? Plan your home around the things you love and it will be a place you enjoy with family and friends for many years to come.
If you’d like to discuss plans for your new home, we’d love to hear from you. Call Tony on (07) 5493 9757.