Published at Friday, February 15th, 2019 - 10:44:53 AM. Dream Home. By Alek Pulalo.
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!
Dream Client Plus Dream Builder Equals Dream Home : THE MONUMENTAL TASK OF BUILDING A CUSTOM HOME...Youre trying to decide on who will build your home. You know you want someone reputable, who builds quality, is respectful to your budget and time frame and most importantly someone you can trust. But during that process you might overlook that the builder also needs to trust the client, feel secure that the client is going to work with them in regards to time and budget. They also want to make sure they are paid promptly and changes are discussed appropriately so they dont negatively influence the project. Below are some tips to help put together the DREAM TEAM: THE DREAM CLIENT IS... o Suited for the service, style and caliber of home being offered, designed and built o Willing to pay the cost and has a realistic budget o Reasonable with their time frame o Able to see the value in the services provided o Respectful to the professional opinions and advise given o Open minded to the design and building process o Loyal to the project o Someone who is a joy to work with o Similar in characteristics to past dream clients THE DREAM BUILDER IS... o A benefit to your project o Able to listen and communicate with you in a manner that youre comfortable with o Respectful to your opinions and goals for the project o Able to build within your budget o Resourceful and can create what you want o An expert who can build you a quality custom home o Encouraging and supportive o Someone you would enjoy working with o Similar in characteristics to a past person you felt comfortable doing business with THE DREAM HOME IS... A collaboration of decisions made and built on a strong foundation of trust and integrity. A personal space that s reflects your physical, emotional and spiritual self and meets all of your needs. An established relationship between you and your builder that will continue long after the home is complete. A place you call home.
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