Published at Friday, February 15th, 2019 - 14:56:35 PM. Dream Home. By Austin Lagi.
Owner Builders - The 5 Huge Mistakes They Make When Constructing Their Dream Home! : There are more people than ever before who are making the very wise decision to build their Dream Home! From nice little bungalows nestled on inner city in-fill lots to huge 8,000 square foot mini mansions located on acreage waterfront home sites, the opportunities are endless for todays savvy Owner Builder. However with the numerous examples of beautiful homes that will produce countless memories for their proud owners there are just as many cases of the Owner Builder project gone awry! The beautifully conceived Tudor style home that never reached completion, the Mediterranean stucco home that never left the architects drawing board and the 4 story town home that went way over budget and took over a year and a half to complete! My goal is not to discourage you from building the home of your dreams but instead I hope to educate you on the 5 most common mistakes that have plagued Owner Builders! If carefully heeded, your Custom Dream Home project will go off without a hitch and provide your family, friends and loved ones with numerous years of enjoyment! Here are the 5 Mistakes you should avoid when you construct your Dream Home! #1 - Do not over-build for the community or area. It is important that you build a home that is comparable to the majority of the homes in neighborhood and/or area. If the average home in the area is 4,500 sq. ft., then I suggest you build no more than 500-1000 sq. ft. larger than the average home in that area. In most cases, I suggest that you never build a home smaller than the average home as that could prove to be a challenge if you ever decide to sell. #2 - They design a home that is too unique that doesnt have mass appeal!I am sure you can remember driving through a neighborhood and you saw a home that simply stuck out like a sore-thumb! I believe in being different however when it comes to designing my Dream Home I dont want a home so unique that it causes me to lose money. Really unique homes that are not comparable to the surrounding homes in an area are hard to value and in many cases the owners are never able to recoup their original investment. #3 - Choosing the wrong builder!Your choice of builder in many cases is the single most important decision in the whole process of constructing your Dream Home! It is important that you exercise caution and that you thoroughly interview at least 3-4 different builders before making a decision. You should also visit the on-going projects of the builders to see the projects they are presently working on. The time you spend planning with and interviewing builders will prove to be the single most critical aspect of your Custom Dream Home project #4 - Trying to save money by performing work on the home themselves!Unless you work full-time in the construction industry I strongly recommend that you pay experienced trades to perform all of the work on your Dream Home. Sweat equity generally takes longer than expected while the potential savings are never as substantial as anticipated and they generally add unnecessary stress and anxiety to a process that already has too many variables to be managed. It has been proven that time spent planning and managing your project is 3 times more valuable than time spent actually working on your Custom Dream Home! #5 - Not securing Construction Loan Financing first before doing anything else in the planning process!I saved this for last with the hopes that it will stick with you when you forget any of the other mistakes! By securing your financing first, you now make it easier to design and plan your project because you know exactly how much money you have to spend. This becomes extremely important when you sit down to design your home so that you dont design a home that goes over your budget. The other benefit to securing your financing first is it provides you with a strategic advantage when you negotiate with builders because they understand you are 100% qualified and are ready to begin construction once you decide on a builder! Hopefully you will write these down and keep them close and review these mistakes as you begin the planning of your Custom Dream Home. Using these tips will save you time, prevent stress and help you produce a top-quality Dream Home that your family will enjoy for years to come!
Luxury Dream Homes Buyers Guide : Like the idea of a soul mate, the notion of a dream home is a very intimate and personal one. Close your eyes and you can see with clarity your ideal luxury dream home. Perhaps a small cottage, or a towering old mansion; Possibly located in the middle of a forest or the centre of a large city, maybe even near a sparkling mountain lake. At this point in your life when you are financially secure and able to buy such a home, it can be a little intimidating but also very exciting. With the multitude of luxury dream homes to chose from, and especially in this current home market, you could be thinking, will I ever find my ideal luxury home? Well, it is very achievable to own your luxury dream home if you use the correct steps. Firstly, take a moment to relax. Allow yourself plenty of time. After choosing the town, city or region, make the choice of finding a real estate agent a priority, make sure the agent specializes in luxury homes. Look for the bargains available in that area. Is a local bank holding a property auction? With so many houses being foreclosed on, and so many other people simply walking away from their mortgages due to steep drop in property values, many banks want to get rid of the homes that theyre presently holding so they wont have to pay for their maintenance and upkeep. The result is, there can be luxury homes available at extremely low prices, and sometimes amazingly low. Local specialized real estate agents sometimes hear of great bargains, and these luxury homes are not yet advertised to the general public or via any media. Its time for you to get to work once your agent helps you narrow down your search. Survey the area surrounding each of your dream home possibilities using Google Earth. The Internet is a great option to research the neighborhood. You can research statistics about local schools, both private and public, and about the regions flora and fauna. You might not have to do all this research yourself, either as some real estate agents are area specialists, people who can provide you all with sorts of facts and figures about a given locale. With all of this information at your fingertips, you can arrange appointments to visit the homes youre most interested in (and meet the neighbors if thats feasible). When considering making an offer, be sure your first offer is less than the asking price, no matter what that asking price is. And always be positive! After all the time and careful attention, you turn the house of your dreams into a reality.
Any content, trademark’s, or other material that might be found on the Conantheadventurer website that is not Conantheadventurer’s property remains the copyright of its respective owner/s. In no way does Conantheadventurer claim ownership or responsibility for such items, and you should seek legal consent for any use of such materials from its owner.