Building a new home can be equally exciting and puzzling. After all, the Great Australian Dream promises that you will lead a better life with homeownership. But like any dream, you need to take a lot of considerations before even building a new home.
Customising your new home is fun – that is, undeniable. However, this project can rack up to a couple thousand dollars if you are not keen with details and plans. If you are building your new home on a shoestring, don’t get too eager. Remember that every penny spent could be a penny saved for the future.
Whenever you are ready to plunge into the idea of building a new home, you will be faced with hundreds of decision-making questions. It can be extremely tricky to answer these seemingly simple questions, but every decision can be a costly mistake for you.
You might be asking yourself, “How can I avoid making mistakes in building my new home” Mistakes happen but it will come as no surprise that the most effective way to avoid any mistake is to do as much research and ask as many questions to your residential builders and real estate advisors.
Are you on the fence about your home building project? Hire the best value builders in Melbourne and read on these tips to help you face the challenges of homebuilding.
Your Future Home at Stake
New to the whole home building process? It’s easy to make the most common mistakes for your ideal home but these minor mistakes can cost you a fortune.
Build your lovely home without unexpected surprises. Here are some tips to help you avoid these mistakes:
Be keener when it comes to details.
Planning is one of the most important things to do for you to make any decision. If you’re too eager in the home building process, chances are, you’ll make rash decisions that will extremely impact the overall outcome of your dream home.
Always be observant and consider the many aspects your of future home: location, community, access to basic commodities, clear floor plans, and your budget.
Scout for a good location.
A good home merits a great community. That is why your desired location is as essential as any other factors. Scouting for a good location may sound simple but it isn’t. Great communities are not even listed in public real estate listing.
To help you further, you can seek for a real estate agent’s expertise. A real estate agent will help you find the perfect lot. The good thing about agents is that they will help you find the lot without cashing from your pockets (since they’re paid by the property sellers.)
Seek plans that will accommodate your future needs.
Your home is one of the biggest investments you’ll ever make in your lifetime. Most people live in their homes for decades, creating wonderful memories and building dreams with their families. Make it worthwhile by creating plans that aren’t based on your current needs.
Ask yourself: where do you want to be 10 years from now, or perhaps do you want to have a bigger family? Think about your future needs and design your floor plan through these details. That way you don’t have to renovate your home every so often.
Hiring the best residential builders in Melbourne is a great way for your plans to be properly accommodated. These builders understand your needs as much as you do so better talk to them before building your house.
Check the mortgage payments.
Always work within your budget. Owner builder mortgage payments take 10-30 years to pay off. Keep your mortgage payments to a minimum. More complex designs can drastically increase your mortgage costs.
Know that the original mortgage you planned might change because of unexpected issues and change during the construction phase. Compare various construction loans and determine what works well for you.
Consider your lifestyle.
At 5, you might have imagined your dream house, sprawling with garden vines, a cosy fireplace for the cold winter nights, and a large indoor pool for you to relax during summer.
In reality, the things you’ve always dreamed of is nowhere near your lifestyle. If you’re a busy travelling professionally almost every other week, do you need 5 empty bedrooms to sleep in while you’re at home? Maybe yes, maybe no.
Have a lifestyle check and make sure your home has the essential you will need at these stages of your life. Calling on the best builders in Melbourne is for you to create the best home that meets your dream style without compromising your budget.
Furniture and fixtures matter.
Quality furniture and fixtures make all the difference. Don’t cut corners when purchasing new appliances. It’s best to have costly items that would last for years than to have cheaper ones that won’t even last a month.
Think of the room placements.
The location of your bedroom, kitchen and bathrooms play a major role in your space’s convenience. Though this boils down to personal preference, it’s best to have a clear idea of your space before it’s even built.
Do you wish to have a laundry area near to your room? Will your bedroom be near the main door for better access? Do you want an indoor gym in the basement? These questions will help you maximise your own space, don’t be shy to ask yourself where and how you’ll use each room.
At Millennium Homes, as your residential builders in Melbourne, we will pay close attention to your room placement.
Examine your builder’s reputation.
You can’t risk hiring builders that have a bad reputation. Choose a builder whose reputation precedes their work. Call your call closest friends and ask for their references. You can also check the builders’ past work, licenses and certification.
Make a priority list.
Don’t waste time second-guessing. Create a list of priorities that you want to accomplish in your working timetable. Consult with your builders and see if you can achieve the things on this list.
Deciding whether to install upgrades immediately or soon after will help you stop the impulse buying. Begin and write the list on what you want to splurge on and prioritise the things you want.
Beautiful Homes That Last A Lifetime
Ready to make your vision turn into reality? Millennium Homes is your partner in building the home of your dreams.