When looking to make the transition to a homeowner, you need to proceed with great care and avoid costly mistakes. The high cost of building a home means that you can’t afford any misstep.
The high asking prices on a house often mean that buying a home is the most significant investment that people will make in their lifetime. In a nation where a square meter of land costs about $746, Australians have to dig deeper when buying a lot.
Depending on the location, you’ll shell anything from $160,000 to over $476,000 for a standard lot. That means that you need to get your affairs in order when looking to buy a master-planned estate around North Melbourne, Victoria. You want to avoid instances that might lead to disastrous mistakes.
Get the Floor Plan Right
Should you opt to build your home from the ground up, the first step is getting a floor plan that matches your lifestyle. An efficient floor plan lets you create a comfortable home with just the right amount of space. It means that you won’t have any unused space in the house. What’s the point of shelling out over a thousand dollars per square meter only to end up with areas in the home that you can’t use?
Spend a little more time refining the floor plan to ensure that every inch of the home is usable. Not only will a compact layout make your home beautiful; it will also lower your construction costs. A house with small foundation calls reduces the amount of wiring, ductwork, and piping that you have to do.
Put Down That Property Magazine
It’s great to leaf through property magazines as they showcase the latest trends in the real estate scene, but take the advice with a pinch of salt. You should know by now that most of these magazines are geared towards marketing and will cherry pick the best and most expensive homes. If you were to take them at their word, you might bury yourself in debt.
Instead, glean some ideas from the said magazines and customise them to suit your specific needs. Most of the charming homes belong to individuals with deep pockets. As such, they can afford to splurge on luxurious amenities that they rarely use. Take a moment and list the type of facilities that you want in the house and be sure that they serve a purpose.
Consider Your Future Needs
If you’re starting in life, the idea of building a small yet comfortable home might seem ideal. Unless you don’t plan to have kids, that’s a great idea. On the other hand, a small house will start to feel quite cramped when the babies come along. That will cause you to start looking for a bigger home. Do yourself a favour and build one that will accommodate your expanding family when the time comes.
There’s a considerable amount of pride in joining the ranks of property owners. However, you need to tread carefully, especially when you opt to build your home from the ground up. You need to be sure that you’re getting a home that suits your specific needs. Any misstep can have you registering heavy losses and having a bad experience.