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Don't
overbuild for the neighborhood.
Having the biggest and most expensive house
in the area may be wonderful for your ego,
but it will be a disaster when it comes time
to sell.
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Build
for resale.
No
matter how long you intend to stay in the
house you build, it will have to be sold at
some point (which is often sooner rather
than later). Never build strictly for your
own needs and tastes--a 1 bedroom 3 bath
house may be perfect for you, but it will be
next to impossible to sell.
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Get
the best contractor your budget will allow.
When
building a house, quality is usually more
important than quantity.
ServiceMagic
makes
the process of finding a contractor simple,
since they pre-screen firms throughout the
United States.
Click
here for more information.
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Be
prepared for delays.
Building a house is a complicated project
and utilizes dozens of subcontractors,
workers and suppliers. Delays can--and
probably will--happen, and that will back up
the entire process. A delay, for example, in
the framing stage stops everything:
electricians and plumbers are unable to do
their "rough-in" work until the framing is
completed. Don't lock your move-in date in
stone--it may be weeks later.
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Monitor the progress of the house building
as much as possible.
During construction a lot can be
accomplished--both positively and
negatively--in a short amount of time. This
is especially true during the framing stage.
Catching a mistake early will save a lot of
headaches later.
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Watch
your construction allowances.
Generally, in the total cost of building a
house you will be given allowances for such
items as flooring (carpeting and vinyl),
lighting, plumbing fixtures, etc. Make
certain that you can actually get the
materials you want within the allowance
amount. For example, if you have a $3500
flooring allowance and the carpeting and
vinyl floors you want will cost $5500, you
are the one who will have to make up the
$2000 difference. These "allowance overruns"
can add up quickly!
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