5 Things To Consider Before Building A Home

Are you wondering if now is the right time to build a new home? Are you actively preparing yourself to take this monumental step in the near future? Building a home is not a matter to rush through. It requires careful planning across many important areas. Regardless of where you are with your construction planning efforts, turn your attention to these factors to ensure that you are as well-prepared as possible for the experience ahead of you.

The Ideal Location

One of the most important factors that affects your living experience in the home as well as the construction cost and process is the location that you select. Consider that a lot in a remote location that lacks infrastructure and that has a steep grade may be much more expensive to build on than a flat lot close to town that already has utilities and roads connected to it. Likewise, the location selected impacts your access to your workplace, retail and grocery stores, medical services, quality schools and more. Location even affects property taxes and other ownership expenses going forward. Understand the full impact of your land or lot selection before finalizing your purchase.

Current and Future Housing Needs

It is easy to get carried away with designing a gorgeous home without focusing on practical needs. Likewise, it is easy to overlook the fact that you may live in your new home for many years or several decades. Your new home design should accommodate your needs for living spaces and storage spaces today. It should take into account special uses of the home, such as for entertaining or hobbies. You also must think ahead to design a home that is practical for your family to live in three or five years from now as well as farther ahead in many cases. 

Your Budget

Before you finalize your plans to build a new home in a specific location or you begin working with an architect, take a moment to review your budget to determine how much money you have available for a down payment. You likewise should analyze your budget to determine an affordable housing payment going forward. Be aware that you may also face changes to your utilities expenses, property insurance and other housing costs when you relocate. After determining a comfortable housing expense going forward, speak to a few lenders to explore financing options and requirements. 

Repairs and Replacements

Many factors will impact repair and replacement costs for your new home. For example, carpeting may require steam cleaning once or twice per year as well as vacuuming once or twice per week. In addition, it may need to be replaced within a decade. A brick exterior may require minimal upkeep, but siding may need to be caulked and painted every couple of years. Each design decision and material selection that you make will affect maintenance and upkeep costs and time commitments. The last thing that you want is for your new home to become a burden because of its intensive upkeep needs, so design a home with low maintenance in mind.

Energy Efficiency

The design and materials that you select also affect energy efficiency and even water consumption. For example, foam insulation is more effective than fiberglass insulation. Some windows are substantially more energy efficient than other types of windows. Even sun exposure on the home based on its positioning on the lot can affect efficiency. Consider installing solar panels and a rainwater collection system during the construction phase so that you can enjoy a green lifestyle from day one. 

Living in a custom home may be something that you have been looking forward to for a long time, but you do not want to rush through the planning and design process. When you spend time focusing on these important points up-front, you can ensure that your future home lives up to your expectations and is comfortable to live in for many years to come. 

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