Buying a home is a difficult process that many people dread. It can be exciting to find the home of your dreams, but what if your area’s homes do not meet your expectations? Although it can be time-consuming, some people entertain the idea of building their own home. This process can ensure you have all the amenities you want and need. If this piques your interest, read on to find out what it entails.
Step 1: Buy Land
It should be obvious, but many people forget that they need land to build a house on, and that not every piece of land can hold a house. You will need to search for a plot that has the correct residential zoning ordinance for your project. Then, you will need to either buy the plot outright, or finance your purchase through a lender.
Step 2: Find a Contractor and Plan
Unless you have construction experience and want to take on a project this big, you will need to hire contractors to build your home. Together, you will have to design blueprints for each room of the house. This not only includes dimensions and layout, but also smaller aspects, like the location of outlets and light fixtures. As time goes on, you will also need to discuss materials, as there are hundreds of options for each component of the house. It is at this point that you can either save money or spend tons.
Step 3: Construction
The longest part of the journey is construction. You will need to receive permission from the local government to construct your property, which may include getting permits. Once you are legally ready to go, your team will begin building. The process is long and tedious, so do not expect to settle in your home for a few months, or even years. The team has to pour the foundation, build the framework of the house, apply siding, a roof, and doors/windows. The floors will be built and the rooms sectioned off. Finally, the features of the house (kitchen cabinets, a toilet, etc.) will be placed and any decorative aspects completed.
Step 4: Inspections
Although you will need inspections throughout the entire process, you will need a large-scale inspection at the completion of the project. You also have the opportunity to walk through your house one last time and make sure everything is just as you’d like. Once this step is finished, your house will be all ready to go, and you can move in.
Although this process is cumbersome at times, it is ultimately a great way to go if you plan correctly. You can build a cost-effective home, while still having the home of your dreams. Before you decide to finance a house you don’t really want, consider whether you have the means to build a house of your own.