Home is where the heart is… but if your heart just isn’t in it anymore, your home is just a property. If you’ve lived in your home for some time now, your lifestyle and circumstances may be radically different to how they were when you first moved in. Perhaps you now have a larger family, maybe you have a new job or work from home. Maybe you’ve just outgrown and fallen out of love with your old place. The fact remains that when a house has stopped feeling like a home, it’s time to consider taking the next step in your life and moving on. But if you’re ready to move from your starter home to the home of your dreams, the home where you’ll put down roots and live out your days, it can be extremely frustrating when the right house never comes along. You do what you can to raise the value of your existing property, you even generate a lot of interest, but the perfect home still eludes you.
If you can’t buy the home of your dreams, why not build it? By sticking to these tips, you’ll hold the keys to building your dream home in your hands…
Establish a wish list and a “must have” list
When the prospect of building your home is first broached your mind is likely flooded with a wealth of possibilities. You will fantasize about a futuristic kitchen, gleaming with quartz and chrome and filled with the latest mod cons, or perhaps your thoughts will turn to a state of the art home cinema chock full of the latest tech and Audio Video Services. Maybe you dream of a bathroom with a freestanding clawfoot bathtub. While blue sky thinking is great, it’s important to differentiate between your wishlist and your “must haves”. Work out your budget for the essentials and treat everything from your wish list as an optional extra.
Work out a realistic budget
Here’s where a lot of projects fall apart. Many budgets are either not fully comprehensive or are unrealistic in your projections. Remember that you’ll have to factor in everything from land costs, local fees and taxes, design and engineering charges and the cost of the materials themselves. A comprehensive budget includes everything from landscaping to the fixtures and fittings. It’s also a good idea to add a 10% contingency. You may not find that you need it, but it will ensure liquidity for the project and prevent any wasted labor costs.
Be realistic about what you can do yourself
In your zeal to create your dream home without going over your budget, you may be tempted to take on a lot of the work yourself. But this is extremely foodlardy. After all, you wouldn’t represent yourself in court. You wouldn’t perform surgery on yourself. This may well be the single largest and most important investment you ever make, so it behoves you to build a team of professionals who will be able to help you achieve your dreams. By all means do what you can by yourself, just be realistic about what you can expect to achieve alone.
When you work to these 3 principles, anything is possible.