The first thing you need to know is to find a piece of land that will be the place for building your dream house. This lot should be suited to your need and fit to your standard of living. Check if the place is safe and free from flood.
There are many things you need to know before house construction starts including the house plan, contractor, building permits, suppliers, and funding availability.
The following are some things to consider in building a house:
• Contractor or House Builders
Choose a contractor or house builders that have a nice background. It is advantageous that you choose a builder that has license to operate the business. Check their previous work to check the quality and also interview some of their previous clients.
• Building Permit
Secure the building permit needed on your municipality before building a house to avoid penalty and other charges. Local laws have rules and regulation for building a house. They will check whether your house plan is follow according to their rules such as building codes and restrictions.
• Building Cost
Know the estimated cost of your dream house. Get help to your contractor for reality check of the cost of your dream house. After you know the cost of your house, you might consider eliminating some features to suit to your budget. Remember to add 25% to the total project cost to cover unforeseen construction expenses such as increases in material cost, additional payment for the change of design or features of the house.
• Budget
If you have enough funds to sustain the construction of your dream house, there is no problem about it just making sure that you have contractor’s agreement or contractor’s contract for payment agreement. If additional funds are needed, you need to secure a house construction loan. Apply for the funding institution that offers low interest rate and will approve your house loan application.