September 29, 2008

Building Your Own House

Filed under: Decision-Making, General Facts, Information, Tips — B. Slade @ 5:32 pm


Some people prefer to build their own home instead of buying an existing one. This way, the home is built to your exact specifications and wants. It will be more demanding and time-consuming, but emotionally it may be more satisfying. It may cost you more than you bargained for, though, especially if you’re not well-prepared. To minimize costs, make sure to plan your budget and determine exactly how much you can afford to spend. Search for the best team who can work with you. Start by asking for referrals from friends who built their own houses. Next, choose the house design that meets your needs and your budget. You may need to hire an architect for this, or choose using stock plans from a catalog. Changes and modifications should be discussed with the builder or designer, as well as the corresponding cost. Lastly, be sure to get a contract from the builder or contractor that will describe the project in detail, the project estimates and bill of materials, and the contractor’s fees and responsibilities.