Five Things to Know When Building a Home

November 9th, 2016 — Martinson Agency LLC — Chaska, MN

Building a new home can be just as stressful as it is exciting. If you properly plan out the project and try to avoid mistakes, you can ensure the house stays within your budget and desired timeline. Here are five things you should know before setting out to build a new home:

1. Average Costs

Home Advisor, a website devoted to housing news and tips, estimates that it costs an average of $305,372 to build a home, with most individuals spending between $178,010 and $466,493. The website says that the number of stories, square footage, appliances, design and fixtures will impact the final price.

2. Staying Within Budget

US News & World Report states that one of the major mistakes that leads to overspending is not having a detailed plan. When a highly detailed plan is not in place before the outset of the project, the budget is highly likely to be overshot before completion. The source also urges consumers to consider their mortgage costs over the entire term when establishing a budget.

3. Know The Important Role Players

Maverick Custom Homes, a business that assists in home construction, explains that the key players in any project will include the homeowner, real estate agent, construction manager, the bank, designers, civil engineers, contractors and inspectors. The only way the house will be built flawlessly and within budget is if all of these players are chosen carefully and work toward a common goal every step of the way. Make sure you are coordinating and keeping everyone on track.

4. Know The Essential Steps in Construction

You should have an idea of how a construction project flows before you begin building. This knowledge will help to guide your decision making in a more accurate fashion. Some of the steps include:

• Readying the land for building
• Framing the structure
• Handling primary plumbing and electrical work
• Inspecting after each major component of the project is completed

5. Advanced Planning

Some of the more important components of planning could get left out of the equation, which can end up causing you major headaches down the road. Consider the following before the project begins:

• HVAC systems of choice
• Which rooms will have what purposes
• How much natural light can used

Following this guidance will help you ensure that the home is comfortable and up to your standards when the project is complete.

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