It is good to seek advice for those who already experiencing the stress and pressure of starting a house construction. Constructing your dream house is a large investment so it is essential to be careful in every decision you make to avoid regret in the future and to minimize the cost of your dream house.
Here are some points before proceeding for the house construction:
1. Budget
Know how much you can afford for your dream house and know the cost of your dream house. Chances are you may need construction loan or mortgage loan. Know the approximate cost of your dream house so that you can help you to modify your building plans and meet your budget.
2. Lot or Location
One of the most crucial decisions to make is to choose a lot or area for your dream house. The location or the place should be suited to your lifestyle and the cost should be within your budget. You should investigate the area for water supply, available transportation, drainage, security, accessibility, amenities, etc.
3. Designer, Builders or Contractor
Another hardest decision to make is to choose a right contractor or builders. Be wise in choosing a contractor, get recommendation to trusted person and investigate their previous work. You get professional contractor like architect or engineer so that they can make your house properly.
4. Make a plan
Prepare a plan for your house depending on your requirements and likes with the help of your architect. Discuss the house layout plan with your family and tell to your architect how much space you needed for each area of the house. Your architect will create the plot plan, floor plan, technical specifications, house estimates, structural drawings, bills of materials, plumbing and electrical drawings.
5. Contractor’s Agreement
After the approval of the house plan, make sure to have a contractor’s agreement but make to read it before signing. All your verbal agreement should be also written in contractor’s agreement. The contents of contractor’s agreement includes the description of the project in details, scope of work, construction time table, contract price, mode of payment, legal issues, house warranty, etc.