Building a new home begins long before the foundation is poured. To avoid costly mistakes during the construction process, start with these five important steps.
1. Plan Your Budget-
Begin now to think about how much you can afford to spend and how much building your new home is likely to cost. Chances are you will need a construction loan and a mortgage. It's not too early to find out what size loan you qualify for. Also, knowing the approximate costs will help you modify your building plans to meet your budget.
2. Choose Your Lot-
Whether you are building your home in a suburban development or a site with sweeping ocean views, you will almost always need to choose the land before you select floor plans or other details. There are deed restrictions attached to lots that outline home sizes, requirements, and setbacks.
3. Choose Your Builder-
Your building experience can be a joy, or a nightmare depending upon the builder you choose. Ask for references, and do some research about his reputation in the community. Is the builder a member of NAHB? Does the builder hold certifications and qualifications? Is the builder an "Unlimited" Licensed Contractor?
4. Pick A Plan-
Many new homes are built using stock plans from a catalog. The builder or a home designer may make minor modifications in room size, window style or other details. A custom-designed home, on the other hand, is created specifically for the family which will live there. In most cases, custom-designed homes require the services of a licensed architect. Whether you opt for a stock or a custom design, you will be wise to choose a plan that will meet your needs for many years to come.
5. Negotiate A Contract-
Be sure to get a written contract which has been signed and dated by the builder. A contract for new home construction will describe the project in detail. Discuss the change order policy/procedure to accommodate any changes in the contract that occur during the construction phase.
Visit the professionals of Advantage Development Co. today at http://www.advdevco.com/ and see "Why We Are The Better Builder" in Asheville & Western North Carolina.