Mar 17, 2021 | Custom House

Key Points to Decide Before Starting a Custom House Project

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Starting a custom home project can be tempting and exciting if the overall process goes smoothly in a planned way. If we start the project early, it will be finished early. But unfortunately, this process does not work like that. We have to make smart and focused building decisions to make the project successful. Without proper planning, things might turn upside down. The smallest mistakes can increase the cost and time both and still give us an unpleasant result. So there are no other alternatives of planning before starting.

Crunch the numbers first: 

Of course, no one starts a big project without thinking about the budget, but even if this fact seems like an obvious one, it’s not actually. Many things have to be kept in mind as it’s not very unusual to end up with very different spending on building projects. It is advised to consult with the builder first that if they have insurances and how they are going to handle the changes and allowances.

Another option that will help to be ahead of the game is getting pre-approval from a bank. As not all banks can fit our needs, our builder can help us as they tend to have relationships with many different banks.

Cons of not considering this part:

Not thinking about the budget and not planning it properly can be a big mistake.

  • We might lose track of spending.
  • Fall short in savings goals.
  • Pay extra for accidental injuries if the builder does not have insurance.
  • We might end up damaging our credit score.
  • The experience will get more stressful.

 

  • Choose the contractor wisely:
Summary: Choosing a contractor without any research and interviews can be a perilous decision and is not worthwhile while spending a huge amount on a project.

 

 

 

 

 

Don’t sit back and ask for referrals from friends, family, and neighbors who have been through this experience. We will see a real example and know all the positive and negative facts about the contractors they hired. This will help to cut short our list and move ahead with the hiring process.

When we get a shorter list, we can go for an interview phase where we have to ask for the contractors’ references, check their licenses, look for any insurance policy, and then go for the bidding.

Cons of not considering this part:

  • We might end up getting an unpleasant result even after spending adequately.
  • If the contractor is unlicensed, we can not report them and go after their surety bond.
  • The contractor without a workman’s compensation insurance will cost us more. We might end up spending $40,000 lawsuits on top of a $500 paint job.
  • Choosing the contractor who is not that friendly with you and your family will end up leaving you out from the fun experience.

 

  • Summary: it’s always better to work on making the future better rather than planning just for the future. Our life changes with time and our needs, and it’s always better to be prepared for the future.

     

     

    Think about the future:

 

 

 

 

While planning for bedrooms, bathrooms, storage, and many other things in a house, we cannot just think about the present but also about our family’s future if we plan to keep it for a longer period of time. We have to think about life with kids if we plan to have kids and the future of our kids in our house.

 

Thinking about the future does not limit thinking about family; we also have to think about the resale value if we ever think of selling the house at any stage of life. Thinking before will help us getting some benefits; for instance, adding a balcony on the second floor tends to add more value to the house and give a place to relax with a cup of coffee after a busy day in cool air.

Cons of not considering this part:

  • We might end up spending more money on re-modeling the house.
  • Not planning before can decrease the resale value in the future.
  • Using some parts of it can e uncomfortable if not planned properly.

 

  • Try to make the project cost-effective:
Summary: spending a lot does not make everything perfect always, so the spending has to be effective and worthy enough.

 

 

 

 

 

 

 

 

Sometimes creating a budget and planning what to buy is not enough, and we can still spend extra. On the other hand, the costly materials and appliances don’t always satisfy everyone and go with their lifestyle. So before choosing any material, buying appliances, and any other furniture, we need to think about our lifestyle and the use of everything.

If we choose a stone countertop for the kitchen, we must keep in mind that DIY installation is impossible with this material, and high maintenance is needed. Again we need to add cabinets with drawers and install hooks on the wall to make the kitchen more effective.

Cons of not considering this part:

  • We will end up spending extra money.
  • We will have less space than we can actually have.
  • Expensive appliances tend to last a shorter period most of the time.
  • We will miss the cheaper rate of materials if we don’t go shopping ourselves.

 

  • Summary: the right time will get you many advantages, starting from costs to the possibilities of getting a perfect dream house.

     

     

    Choose the timing of starting the project wisely:

 

 

 

 

The builders do not work at night, do they? So we can choose a time when they will get more long days, which is the spring season. But if you plan to do it on a lower budget, you can choose off-seasons when the builders are not that busy and might also have a discount.

Cons of not considering this part:

  • Not thinking about time can harass you by costing more than usual.
  • The efficiency of workers will decrease if the weather is too hot or too cold.

 

The custom-house building process can be very challenging and an enjoyable experience at the same time. Most of it will depend on us; if we research properly and make decisions wisely, the experience can be exciting and go smoothly and help us get the outcome we want.

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