Building or buying your own house is one of the joys of living. It represents one of your proudest moments, as being able to finally afford your own house is indicative of some measure of success.
To avoid a bad investment from dousing cold water all over your enthusiasm and happiness, here are some reminders for building your own house.
Choose the Location Wisely
Real estate is all about location. Why pay top dollar for a piece of land that’s located in an area that makes you uncomfortable? Bad ideas for location include those with a high rate of crime, places with a history of flooding, and those developments that never quite took off the ground, resulting in a land that’s far from the most important establishments and facilities. Even if you can get a cheap piece of land, the bad location can still lead to regrets.
Be There During Construction
Make time to be there while your house is being built. Don’t depend on your contractor to tell you about the details and ask you questions over the phone. This is good for making simple decisions, but for the more important and crucial ones, be there personally. You have to see what’s going on; otherwise, if your contractor makes a mistake they may have to tear down a part of the building and start from scratch, resulting in more expenses, delays and tension. When deliveries are made, you have to be there to sign for them too. Your presence can help you prevent your contractor from going over-budget.
Choose a Good Contractor
Of course, you want a contractor you can trust, whether you can make it to the site today or not. So don’t call the first contractor you find on a listing. Here’s a tip: expensive doesn’t always mean good. But don’t look for a cheap deal, either. Look for something in the middle just to be safe. If you don’t feel comfortable with a contractor after meeting with them, move on to the next one on your list. They should be able to advise you honestly on different matters of construction so you can see where you should spend more or less money. They may have great ideas for insulation, landscaping or waterproofing in Australia; so make sure to interview them first and ask a few relevant questions. Good contractors are honest and have lots of experience so they know how to answer most of your questions.
Do not forget to work on your budget and go over it with the contractor you choose. Have a contract drawn up by your lawyer regarding how much your contractor is allowed to spend and when you can expect your house to be finished.