1. Get your plan in place 

Planning is the most important aspect of the construction process, so you need to decide exactly what you need and want early on. From the number of rooms and direction your house will face, to the location of power points and design of the kitchen, it’s a big job that’s important to get right. 

It’s a good idea to start looking into features you’d like to include as early as possible. Keep a folder for clippings you take from home design magazines, or put together a bookmark list on your computer. Then bring it all together to create your dream home. 

2. Budget for more than you expect 

Even with careful planning and budgeting, the building process is likely to cost more than you expect. There might be extra costs not included in the original quote, such as electrical and gas hook-ups, site costs and landscaping. 

There’s also the chance you’ll think of exciting new ideas for your home as it’s being built, such a different kitchen or unique bathroom finishings, or different styles of carpeting. It’s good to have some money set aside to complete your new home the way you want to. 

3. Pick the right builder 

Finding the right builder for your new home could be one of the most important decisions you’ll ever make. There’s plenty you need to look into, such as the builder’s credentials, references, and price. 

You’ll also want to find a company that matches the style you’re after and the level of customisation options that you are looking for. Finally, you’ll be working closely with the builder for months, so you’ll want to make sure your personalities don’t clash. There’s nothing better than building a house as you build a friendship. 

4. Sort out your financing 

Unless you have a lot of cash on hand, you’ll need a construction home loan to finance the process. A construction home loan is structured differently than a regular home loan. The lender won’t give you all the money at once. 

Instead, the lender decides how much you need for the project, and will then release the funds in periodic payments to your builder. 

Before you seek out finance, make sure you have a detailed plan in place. Because construction home loans rely on an estimate of the assumed value of the completed house, your lender will want to have detailed construction plans that are fully costed. 

5. Think about the environment 

The average Aussie household generates around 14 tonnes of greenhouse gas emissions each year. However, by making a few clever design choices at the planning stage, such as orientation, placement and size of windows, double-glazing, material type and insulation, it’s possible to lessen your impact on the environment.  

6. Save, save, save 

There are lots of ways to save money during the building process, without resorting to cutting corners. Grab multiple quotes for any items you require, shop around for the best prices on fittings and fixtures, and anything else that can help your cash go further. 

Big savings can be made early on. Choose a site that requires less preparation, and do as much of the early work as you can before the builders arrive. Invite a few mates around to help you clear scrub and remove rocks, and you’ll be amazed how much you save. 

7. Get an independent inspector 

You should have an independent consultant coming in to check out every stage of construction. They’ll make sure the building materials and practices being used meet all necessary codes and regulations. 

Let’s bring your dream home to life. Edwards Family Homes, building your dream home on the Central Coast. Contact us today