Are you thinking of building your own house?
Building your own house can be overwhelming but we are here to help. Planning is essential before you start construction on your dream home. From compiling a proper budget to picking the right location, there are plenty of aspects to consider before construction starts.
Read our blog post to understand more about how to make your dream home a reality. You can visit GotProperty to find ideas of houses and look for vacant stands to build your house on.
You need to be realistic when it comes to building costs
According to a report compiled by ABSA, there has been an increase in the number of residential houses that are being built. There has also been a 3.1% increase in the cost of building your own house when compared to last year. The average cost of constructing residential properties is R7 360 per square meter.
When you’re planning your budget, you’ll need to take the size of the house that you’re building into account as it will affect the cost of your materials. It’s also advisable to be realistic about the expenses that you’re likely to incur. High construction costs can make building your own house a more expensive option when compared to purchasing
If you’re on a tight budget, building a steel or timber-framed house can save you money. Buying a house and renovating it to meet your needs is another option if you can’t afford to build your own house from scratch.
Do your research before deciding on a location
Location is an important consideration when you’re building your own house. Make a list of the amenities that are important to you so that you can use these requirements to guide your choice of location. Educational institutes, shops, and transportation networks are important considerations. You can also check the crime levels in the area as well as the noise levels.
It’s important for construction vehicles to be able to access the property, and access to power and water is required for building.
You’ll need to use the services of a professional surveyor to check whether the land is a suitable foundation for
Understand that building loans are different
When you’re working out your finances, you’ll need to understand how a building loan works. Instead of being given a lump sum of money, your loan will be given to you in instalments. These instalments will be based on the assessments that are carried out by the financial institute.
Any issues or delays could prevent you from receiving the next instalment when you need it. It’s advisable to have savings that you’ve put aside to accommodate any unforeseen issues and expenses. Most construction projects don’t run exactly according to plan, which makes having savings set aside important.
You should also prepare yourself emotionally for the stress that accompanies unexpected delays. Make sure that you have a place to stay if construction takes longer than you had planned.
Get the professionals to help you
Consulting with a professional is vital when you’re building your own house. You’ll need to put together a construction quote before you can apply for financial assistance. This quote needs to include precise specifications as well as a schedule of when the building will be completed.
Using the services of an architect will help you create an accurate quote, which will enable you to receive the financial support you need. An architect can help make your ideal home a reality and they can also decrease the expense and time of the construction process.
Make sure you choose a reliable contractor
Choosing the right contractor is vital when you’re building your dream home. Ask for references and look at the previous projects they’ve worked on. While their skills are important, reliability and trustworthiness are also crucial. Although research is time-consuming, it can save you time and money in the long run.
Take the rules and regulations into consideration
If you purchase land that is part of an estate, you’ll need to understand the homeowners’ association regulations. Ask for a copy of the rules before you buy the stand to ensure that they don’t prevent you from building your dream home. These guidelines can regulate the style of your home as well as its size and the materials you use to build it.
Now that you know more about the process, you can start building your own house. While adequate preparation is crucial, the joy of living in your dream home makes your investment worthwhile. Look for empty stands to build your new home on GotProperty.