Plan Ahead – What You Need to Know Before Building
Written by: Quintin Bentley Crevling
Before you begin a new project you will need to know the basic process of building a structure, and the common problems that could result in expensive setbacks. To build most major projects you will need to know exactly where your property boundaries are located. You should contact a land surveyor to assess your plot of land and give you properly marked perimeters for building. There are endless variables when building a new structure, and some important things to consider are: finding a price that works for your budget, thoroughly researching your contractor, environmentally friendly accessories, and building with resale in mind.
If you are considering building a new home or adding on to your existing property, it is extremely important to create a strict budget that includes a hardline maximum spending cap. Many projects have unexpected costs associated with building materials and setbacks that increase the hours employees will need to finish the project. When you are researching the materials you want to build with, make sure to include several options for each item and plan your budget around the most expensive option. It is common for manufacturer’s to be backlogged on products for months at a time and your cheaper options might not be available.
When you are spending thousands of dollars on construction you will want to do some extensive research on your contractor. You should start by calling several contractors for a quick phone interview to find out their previous work experience with similar projects, former clients they have worked with, and general background in construction. After you have narrowed your list of contractors you can present them with your building plans to discuss the project and get a quote. Even if you have a good feeling about a contractor you should still call some of their previous clients to see if they were happy with the overall quality of their work.
The most common trend in the construction industry is people going green by adding environmentally friendly accessories that reduce emissions and ultimately save money in the long run. This green technology includes windows, insulation, LED lighting, natural lighting, and installing a tankless water heater. Solar panels come with an expensive upfront cost and it will take years for them to save you more than you paid, but their long lifespan ensures that you will save thousands on your electric bills over the course of several years.
Even if you are planning the construction of your dream home you should always build with the intentions of reselling for profit. Life is unpredictable and there may come a time when you have to rent out your home, or sell it. It would be smart for you to purchase a home in a booming neighborhood where demand will increase in the future.
Allow this to be a general guide to your new project. Be diligent in your research and always trust your instincts.