Published at Monday, February 11th, 2019 - 11:32:44 AM. Dream Home. By .
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!
Home Building Dream Blues - Where Have Your Dream Home Visions Gone? : Is the thought of building your custom home just a distant memory now? Have you dismissed the notion of that major home remodel? Does the economy have you barricading your wishes, hunkering down and waiting it out in resignation? So where do our dreams go when things turn sour? In times like this, optimism and growth tend to get pummeled by bad news. Verbal clutter, dire predictions and worried feelings overwhelm us. The dream doesnt vanish, it just gets buried in the deluge. Our homes are central to our lives, Yet, the love we hold for our homes and the desires we hold to create a comfortable nest remain. For a time, you may need to tuck away a particular vision you have for your home until the next opportunity comes or is created. What can you do in the meantime? Plan! Prepare! Learn! What Ive found in my years in the business is that if we allow our home dreams to languish completely out of mind, they die off and resignation sets in. I dont want that to happen to you ... if you truly want to make that dream home a reality. Homebuilding requires specific preparation. Sports teams practice for weeks before the season starts. Business convention organizers prepare tirelessly for weeks and months prior to the event. Long trips are scheduled out well in advance for places to stay, sights to see, and people to visit. Building or remodeling requires even more preparation for the best results. And Im talking about well before you have even set a date for your project! Planning, preparation, and learning are the keys to your success. Use the down time to get yourself ready and keep the dream alive. * Plan: Some have been planning all their lives. But when I ask them for specifics, it almost always falls short of planning and amounts to little more than wishing. Plan! What specifically do you want in your home? Where do you really want to live? How do you want to be involved? Make an extensive list, prioritize it, whittle it down and make some decisions! * Prepare: This is where you can get more specific. Im talking about preparations that precede the actual homebuilding preparations. This is time to lay some groundwork for the future. Prepare! If you dont have a building lot, find one. If you dont have a house plan, research and choose one. If you dont have good enough credit, fix it. * Learn: Successful homebuilding and remodeling experiences do not happen by accident. I mean the type of success where you get the home you want, all the goodies you want, at a fair price and you thoroughly enjoy the process. Education is critical. Learn! Go online. Read books. Talk to builders and contractors. Talk to architects. Talk to friends in the business. Become insatiable and learn everything you can. I really want your custom house dreams to flourish. Own it! I mean own the dream before you own that house. Dont let the outside world stop you. When circumstances outside of your control try to smother your hopes, take action. Push those dreams back up to top of mind awareness and use the time to your advantage.
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