The excitement that comes with beginning a home construction project can be a lot to deal with. It's important, however, to approach the situation with a plan. To that end, here are 5 tips you can follow to put your job on solid ground.
Plan Around the Property
Unless you have a location that's perfectly flat, perfectly square, and situated in a perfect climate, you're going to need a plan that takes the building site into account. Custom home construction work is a great way to take advantage of the opportunities available at a property. If there is a stream nearby, for example, leverage that for scenery. Similarly, building on the side of a hill is a chance to build a high deck. Whatever challenges the site presents, try to see the opportunities within them.
Seek Professional Input
Yes, it is immense fun to create your dream home. Every project, though, has its issues that need to be addressed by professionals. The ground itself may present engineering challenges, and there are also likely to be design issues. Getting professional input will ensure that your project stays on track as it progresses.
Sort Out Financing Very Early
Talk with an officer at your bank and credit union before you start taking bids. Learn how much money you can put into the project. If necessary, adjust your design plans to account for the limitations of the available financing. It's better to have 20% more financing than you need than to fall short of money.
Do More Than Look at Bids
One of the biggest mistakes people make during the home construction process is to narrowly focus on the bids that are coming in. Every contractor you contact will have their strengths and weaknesses. It may be better to take a higher bid from a company that has a proven track record of building the types of houses that match your goals.
Also, be fair to contractors in the bidding process. If you know that a particular company with a low bid isn't as good as one that came in with a high bid, don't try to drag them into a bidding war. Evaluate each bid's pros and cons and then choose the company that can do the job well.
Understand the Contract
Accountability is critical to every home construction project. Understand who is in charge, and make sure the contract is structured in tranches that incentivize doing the job well and quickly.
For more information, call companies like Noble Heritage Builders INC.