Building a new home is one of the most exciting things you’ll ever do. But if you’re not careful, it could also be one of the most stressful experiences of your life.
Buying or building a house is an important step in your life. It’s where you will live for many years, maybe forever..so it’s worth taking the time to do it right. We’ll show you how to avoid common mistakes that can cost you thousands of dollars and cause headaches.
- CRUNCHING THE NUMBERS
Before you start looking at blocks of land or builders, it’s important to work out what you can afford and borrow from the bank or keystart. This will help when you’re shopping around on exactly what your budget is.
- BLOCK & LOCATION SHOPPING
When you’re looking for your block of land, think about your overall purpose of the build. What are the main reasons for building, and take this into consideration (e.g family home, first home, resale, investment, forever home etc). Always ask about the land titles and if the land is registered already (especially in new estates). And of course, before you sign anything on a block, check your siteworks costs. This is where most hidden costs come from in building.
- GETTING YOUR HOUSE DESIGN RIGHT
It’s your home and it should be exactly what you dreamt it to be – so take your time, and never feel forced to speed up customising your design! Don’t forget to think about what you really need in your new home. Don’t choose the most fancy upgrades “just because”… Things to think about: Design the home for your future purpose, always plan for storage, and write a list of things that you love and hate in your current house.
- FINDING THE RIGHT BUILDER
This might be a little tough if you don’t know the industry very well, but it’s so important to choose a trustworthy builder. What can you do to help you find the right builder?
- Ask if you can speak to current clients so you can get real, honest feedback. We need to know if this builder actually has happy clients.
- Seek a Building Broker who know the ins and outs of the industry to help you
- Take your time and shop around
- Ask ALL the questions you have (see the blog 10 Tips for Choosing the Right Builder for Your New Home for more tips)
- WHAT TO EXPECT WHEN BUILDING A NEW HOME?
Building a new home is such a huge milestone in your life, and you should be so proud for taking this step! If you haven’t built before, sometimes you can be a little unsure of what to expect, or what’s considered “normal”. Keep in mind that unfortunately, hiccups can occur. Whether this is a time delay from rain or suppliers unable to get stock. There will be times where it’s no one’s fault, and we just have to be patient as these things can’t be helped.
Any other mishaps that aren’t considered normal, a building broker will help you navigate and guide you through (perks of having someone on your team!)
- WHAT ARE THE MOST IMPORTANT THINGS TO CONSIDER WHEN BUILDING A NEW HOME?
Planning is ALWAYS key when getting ready to build a new home. Consider:
– Trying to save money where possible so if you have wiggle room, you can choose upgrades.
– Pick a simple, rectangular layout to save money.
– Get clear on the value from each builder – what are their standard inclusions?
– Don’t go over your budget – you will still want to live your life whilst having a mortgage! We want to make sure you’re not struggling to make ends meet each week.
– What’s the resale value of the area?
Building a home is a big decision. But with the right approach and team by your side, it’s worth it.
Find some helpful freebies HERE
SEE WHAT OUR HAPPY HOMIES HAVE TO SAY:
If I could give 10 stars I would! Jaimi is amazing and so full of knowledge! I’ve lost track of how many questions she’s answered of mine and quickly! She’s saved me money and is always there to help ease the stress of building, I would 100% recommend and have recommended Jaimi if you’re building. I’m beyond excited and not worried about moving to construction because I’ve got Jaimi .
– JASMINE | BALDIVIS