For most people considering building their dream home, getting their finances in order is an important and tough starting point, and we’re sure you’re not alone. Here are a few ways that may help you out.
Use your own savings - Savings can be used to finance the self build, and sometimes relatives or friends can also support your finance with their own savings by arranging an informal loan.
Successful self building requires a mixture of many different qualities, but are you ready for the challenge that lies ahead? Below are three great tips to consider when designing your dream home.
Design - Get together some great self build design ideas from magazines and websites to kick start your project design, which can then be presented to your designer.
Budget can make or break a project; the more accurate your estimations and calculations, the more likely you’ll build your dream home without any crippling over spends. There are many factors to keep in mind when designing your dream home, the first factor being to ensure you have a contingency plan which will act as a cushion for unforeseen costs.
Do you often ask yourself “How do I know I’m hiring a hardworking, experienced and professional builder?” or “I wonder if the builders I’m about to hire will drag the job out and potentially give me the run around?” Discovering a good builder first time round, could lead to lifelong relationship with them, but encountering a bad builder could lead to huge problems. Here are a few tips that can help you along the way.
For many of us, our home is one of our greatest assets and to capitalise on that investment definitely makes sense. If you're considering improving your home, before you bring in the builders it may be a good idea to find out whether a home improvement will add value to your property. Make sure that the cost doesn't outweigh the profit.
When you take on a self build project, organisation will determine the success of your project and one way of achieving this is to create a self build schedule. Being organised and having an overall time plan in place is essential to ensure the success of a self build. You need to be able to monitor what needs to be done and how much it costs. Using software tools such as Microsoft Project or Microsoft Excel can be really useful for creating a schedule.