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Monday, January 4, 2010

Rules Of Thumb For Building A Custom House

By Gavin J. King

Find Your Property

First, it is a good idea to find the property that you want to build on. Things like location, price, applicable taxes, zoning and density laws and building permits may be just a few of the issues you will be dealing with in getting your buildsite approved for construction.

Funding

Typically banks, mortgage and home loan companies or credit unions can loan you the money, or you can find an investor. You can have any number of modifications installed, or eliminated from the plan, to change the price your home will cost you. Using an architect to draw up your plans will help you get the base price down. Your lender will need the drawings to approve any loans.

Hiring Your Architect

Your general contractor will use the plans your architect draws up to orchestrate the construction of your home and keep it on schedule as well as make sure it meets all building codes. Make sure you shop around for your architect, and make sure you're getting the best deal available. Making sure the bank sees your newly completed building plans will help speed up the approval of your financing.

Don't Be Too Rigid

Don't be surprised by some necessary changes in your plans. Factors that may effect the rate at which your home is constructed can range from weather to labor disputes so be pro-active if they pop up. It will take you a long time to complete the project so don't be impatient or pushy with your subs.

Even though it may be a frustrating process at points, it is always a very rewarding on in the end. Nothing in life gets done when you quit, so focus on persevering until you accomplish your goal and complete the project. Failing to finish a project like building a home, on time, can cost you thousands in fees and penalties so plan ahead.

Of course, this is just a general outline. As with many other things in life, educating yourself is crucial, so plan on spending all of your extra hours reading, interviewing and learning about the entire construction process. - 23226

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