Constructing a house for themselves and their family is a dream many people have. However, this is one of the most daunting tasks an untrained individual can take on. In our excitement to construct our dream home, many of us make money-draining decisions without planning.
Makeen Marketing has complied a few construction tips to help you get started on building your dream home.
Have a Clear Vision of What You Want
One of our first major home construction tips would be to work on a clear idea of what you want in your home. Having a clear-cut plan will help your architect and construction company get a better sense of your vision. Conduct extensive research into how you want to customize your home, create a binder, or a Pinterest board to compile all your ideas.
The next step would be to come up with a floor plan. This is a helpful construction tip since you can sit with your contractor and architect to discuss the technicalities of the project.
Set a Budget
The second point of our construction tips is fairly straightforward— it’s important that you fix a budget before you get to the construction stage. We mentioned that many times, people get carried away trying to create the perfect home without stopping to think: “Can I really afford this?”
All you need to do is set a budget, and then divide it into categories—the cost of construction, taxes, raw materials, as well as furnishing, and interior design.
Pro tip: Keep a certain amount of money for unforeseen expenses that may come up during your home construction. Even though you may have planned every detail, sometimes things that are out of our control can happen. One of the most helpful tips on construction anyone can offer you is to plan for additional costs such as clearing and leveling land before construction commences, any legal fee or permits you need to pay for, or fluctuations in labor costs.
Estimate the Cost Per Square Foot
This construction tip ties in well with our previous construction tips: planning and setting aside a budget.
If this is your first time dealing with home construction, it is imperative that you double-check the rates and estimate for everything. Do not just rely on your builder’s estimate because there is a chance, they might quote an inflated price.
If you have hired a builder, double-check the cost per square foot by taking the total cost (which you will obtain from your builder) and then divide the value by the number of square feet in the home. However, if you have not hired a builder yet, you can do the same by finding newly constructed homes in your vicinity. Obtain the price of the building and subtract that by the price of the land it is built on. Next, simply divide this value by the number of square feet you have.
This construction tip is essential in finding out whether your contractor is trustworthy or if they will try and swindle you.
Hire a Real Estate Agent
So now that you have followed all our construction tips, the next step to your home construction is getting people on board for this construction project. A real estate agent should be one of the first people you should be out looking for.
A real estate agent will be working as your representative during this home construction process. You will be able to avail of their years of experience operating in the real estate market. Having a real estate agent on your side means you will be able to corroborate rates given to you by the contractor, so you know your interests come first.
Looking for a real estate agent to help you in your home construction? Get in touch with Makeen Marketing today. Apart from home construction, they will be able to help you explore more investment opportunities in the Capital such as Blue World City, Park View City, and Islamabad Model Town. Get in touch with them today!