Home building has taken off over the past five years. A lot of people that are looking for a new home have decided to build from scratch as opposed to buying a home that has been lived in before. This is a great way to get exactly what you want in a home if you know what you are doing. Remember, home building goes along with a lot of details that you would never have to deal with if you were buying a house that was already built.
If you are interested in home building, you will need to start from step one. The first thing that you must do is find a piece of land that you can build your home on. Obviously, if you do not have the land, you will not have anywhere to build a home.
After you have found a piece of land, the next step in home building is to decide which type of property you want to build. In other words, you will have to design your home. This can be done on your own, or you can simply hire an architect to design what you have in mind. There are also many services that you can call on that have pre designed homes that you can build. All you need to do is choose the home that you like, and then order the blue prints.
When you have your land and design in place, you will then need to hire a construction company that can actually get started with the building phase. Finding a construction company can be done by searching the internet or simply looking in the yellow pages. Either way, you will be able to find hundreds of companies that specialize in home building. After locating a couple that suit your needs, you can then give them the blue prints that you have in mind in order to get a cost estimate. This way you will be able to find out how much money your home is going to cost, which will in turn tell you how much money you need to borrow.
The art of home building has a lot of details that go into it. Every year thousands of people build their home from the ground up so that they get exactly what they want. So you can do the same.Building your own home does not have to be as difficult as some people make it, and by planning at the process you will be living in the home of your dreams in no time at all.
1. The first step to building your own home is to decide how much money you are willing to spend. This is an important step because everything that you do from here on out will be predicated on how much money your budget will allow you to spend. Remember, you will have to buy both the land and the home.
2. The next step in building your own home is to determine what type of home you are interested in. This can be done by searching the internet for floor plans. When you are doing this, make sure you stay consistent with your budget. You will need to select a floor plan that fits your needs and your budget.
3. After knowing what kind of home you want, you will then have to purchase a lot on which it can be built. This can often times be the most difficult part of the process. But if you are patient and keep your options open, you will be able to find a piece of land soon enough.
4. As soon as you know where you will be putting your home, you will then need to hire a contractor that can build it for you. Have them estimate your overall cost, and make sure that it is within your budget. Chances are you will be able to find several contractors in your area, so make sure you shop around to find the one that best suits your needs.
5. Building your own home also means that you will have to secure financing. This can be done contacting lenders, and going through the loan process. By doing this you will be able to find out how much money you can get approved for, which will in turn determine if you stay with your current budget.
6. After everything is in place, you can simply sit back and watch your house get built.
Building your own home can be a very time consuming process. But if you follow the six steps outlined above, you should be able to build your own home without to many issues arising.
Do you own real estate articles or stories and want to share with other investors?
You have chance to win
$100 Amazon Gift Certificates. We will give
away 3 prizes for top authors each month!
Email your articles or stories to:
articles@buyincomeproperties.com
© Copyright 2001 - 2010 by
BuyIncomeProperties.com
Visit
Real Estate Forums
for every real estate investing topics!
Enter Here
Top of Page