Important Factors to Keep in Mind When Choosing a Custom Made Home Contractor

Are you planning to build a custom made home? There are things that are vital when selecting a residential contractor. There are many out there and each one of them will convince you how good and reliable they are at their work. This is a project that you have to be careful with. Remember that you have the preferences that you want met and thus you will need a contractor that will take care of this.

Have a Conversation with the Contractor 

You can tell a good contractor from having a conversation with them. They will give suggestions but they will listen to you and your ideas. They want to understand your expectations and offer you the best possible advice. When a contractor becomes too rigid and they insist that you do it their way, you should avoid working with them. 

Check Their Eligibility

A home that suits your preferences needs slot of things done your way. You need to work with a trained and experienced residential contractor. An eligible contractor is the one who is not only licensed but insured and bonded. They have also worked successfully with other home owners before. 

Choose a Specialist

With the many contractors out there and the hunger for money, any of them could be willing to work with you even when they don’t have the relevant experience. To ensure that you are working with the right contractor, you should research them and ask about the areas they specialize in. From this, you can narrow down according to your requirements. 

See their Completed Works

You will be at more peace when you have seen a previous project that they have completed successfully. Every residential contractor believes they are the best and will promise you how much they can deliver. Some do not even have similar projects to what you are looking for. This is the reason you should ask to see their previous projects. 

Get an Estimate

Custom made the home can be expensive at times. Without a doubt, you have a budget that you are working with. Get at least 3 different quotes from different contractors and compare. Don’t settle for a price estimate just because it looks more affordable than the rest. It’s important that you understand what is included otherwise you might end up regretting your choice. Their rates should sync with your preferred standards.

Tips to Cut Costs while Building a New Home

Owning a home and a big one for that matter is everyone’s dream. Some will save for many years while others will take a loan to build a new home. Being able to construct a dream space is a dream come true and whichever means you use to fund the construction, there are various ways that you can cut on the expenses.

Go for Energy-Efficient Solutions

Heating, Ventilation and Air Conditioning devices can consume a lot of energy in your home. As you plan to construct your home, ensure that the energy systems that include exterior and interior will consume less energy.

Plan Your Budget

In your list, first include all the things that you need for your home. In fact all the things that you have ever wanted in a home, you should consider that. Once you have done this and put a price in each item, if it does not match your budget, start secluding. First work with the basics such as the building materials; furniture, plumbing, energy and water installation among others.  When you have a tentative budget, you will be able to make important decisions.

Choose a Simple Design

If your budget is not much but you still want a home, you should choose a simple design. Complex designs will cost more. Designing and completing a ceiling and roof-line can also be expensive. Look for a good but simple design otherwise you will not be able to complete your house. Talk to your local contractor on the best designs when you have a tight budget.

Use Recycled Materials

Another great way to cut down on expenses while constructing your home is by using earth and pocket-friendly materials.  Some of these materials are such as plumbing fixtures, cement composites, sawdust, window lumber and recycled steel among others. Your local contractor should be able to use these materials wisely in order to cut down on costs. While planning to use recycled materials, do not overlook the importance of quality materials in the overall construction.

Work with a Reliable Constructor

Another thing is that you should work with a reliable constructor. This is because they are in a better position to get quality materials at an affordable cost than you are. If they are reliable, you know they will not take advantage of you and they will do their best to give you an affordable cost without compromising the quality.

Why Owning a Home is Important

In the modern world, owning a home is an important achievement. It’s a milestone that you can choose over all other things. It means a lot and comes with its own challenges. The best thing about owning a home is that you do not only have the entire home to yourself, but you also stop paying monthly rental. 

 

No More Renting

 

While renting may seem cost-effective as you do not have to pay for the house in a lump sum, it is not cost-effective in the long run. When you have your own home that you do not have to pay rent, you know that even if things went south and you no longer have an income, you will still have a roof over your head. There is a huge difference between owning a home and renting. 

 

It Feels Good

 

Knowing you have somewhere of your own to relax, to hold parties, entertain guests without seeking permission feels great. You have pride in ownership when you have a home. You feel great amongst other homeowners because it is an achievement that many long for. 

 

You Stabilize on Your Costs

 

Property owners will increase rental and service charges from time to time. The amount you were paying two years ago is not the same amount you are paying now. If it’s not possible to pay cash for your new home, you can opt for a mortgage. This gives you a chance to stabilize on the amount you pay monthly. Mortgage payment will be the same until you own the home fully. 

 

No More Moving

 

Imagine moving from one rental to the other. You move probably because rent was increased or the property is not well-maintained. This can be stressful in terms of finances and logistics. You can never predict how much rent you will be paying two years from now. Once you are a homeowner, you will never be worried about moving into an ideal apartment. 

 

Owning a home means that you are never bothered about a monthly rental. You have your own space, you have privacy and your home increases in value. You should never think twice about owning a home as it also gives you a chance for other investments.

It is also a good chance to have a solid community relationship than when you move from one house to the other. Considering the advantages of owning a home, they override the disadvantages. 

What to Do When Considering Buying a Home

Sitting with the bank going over the home plans and seeking approvalUnless you won a lottery or running a business which is exploring the ceiling because of sales should you consider buying a house as a small feat. Any form of house buying around the globe behind it there is a story and journey covered. However, before buying a home there are a few thing you need to consider:

  • Make your credit score strong
  • Do a research on what exactly you can afford, how much, and where
  • For down payment, save, also for closing costs
  • Make your savings account fat
  • Let your mortgage be pre-approved
  • Lastly. Purchase your dream house

If the home you are considering to buy will be done in installments, this is what you need to do:

Lower Your Expenses

Your home payments should never exceed beyond 36% of your gross salary. You need to figure out how to tap to more income as your lender asks for 20% which is considered as a down payment for a home price. Try to cut down the cost of your extra money you used to spend until you have cleared all that you owe them should you plan to get back to your old you.

Make a Search in a Favorable Location

Plan to purchase your house in an area houses appreciates at a good rate. In future, you may plan to shift from that location or upgrade to a higher and bigger house, so consider owning a home that is sellable and marketable in a good location.

Investment plan

If your idea of buying a home is to view it in a form of investment than the best location that fits you is purchasing in town/cities. The appreciation rate of cities nowadays is incredibly high and rising with times goes by. If you’re buying around town then you are guaranteed to get your investment back and in full. Rental increases have continued to shoot up as well making your choice a better option to buy a house in the city.

Procedures and In Writing

This is the most critical stage to consider paying attention before you get shortchanged in the process. Unless you are buying a brand new house, get to understand exactly what is it you are buying and how the seller is taking you through. More to that let the seller make it in writing the kind of state you will find your new home when you buy. At this stage ask as many questions as possible. Some end up buying new bathroom and kitchen stuff after the owner shifts with the items.

Don’t Buy Everything at a Go

When you finally shift to your new home, it is advisable to take some time and get acquainted with the environment as you recover from purchase financially. Many get tempted to upgrade all stuff in the house all at a go and that can cause you to pile too much debt on credit cards. First, settle and concentrate on understanding your new surroundings, your new neighbors, new market and more stuff to catch up.

How Many Keys Exist For Your New Home’s Locks?

Real Estate Agent handing new keys to new home owner.Have you ever cast a thought on how many keys are floating around that can open your new home’s front door? How about the back door, side gate or even garage?

If you answered no, well you really should starting thinking about it. Especially if your home has even been a rental property when owned by a previous owner. But even if it hasn’t there is no way of knowing exactly how many copies of your home’s keys exist out there in the world.

All it takes is the previous owner to have a few copies made for the residents of the property and maybe some spares. They could lose one or two of these keys and not give it a second thought. Maybe they have lost hundreds of keys. All of these keys can gain access to your doors! People may literally be able to let themselves in and help themselves to your belongings.

So what can you do?

Well you need to ensure that you have control of who has access to your property. And the only way to do that is to ensure that all current and previous copies of your homes keys no longer work with your locks.

So how can you ensure that you are the only one who has keys to your home’s locks? Fortunately you have some options. Each with their own pros and cons.

  1. Install New Locks: This is the most obvious method that most people will think of when they want to ensure that they are the only ones with keys to their home. The Pros with this one is that you will be upgrading your locks to a modern and sometimes more secure model. The only keys that will work with a new lock are the keys that come with the lock when purchased. Then of course you simply need to keep track of all new copies that are made.
  2. Rekeying Existing Locks: A lesser known method of creating new keys for all your locks in your home. Rekeying is the process of changing the internals of a models locks. This ensures that all current and previous keys will not work with the new configuration. Only the newly designed key that has been tailored to the new lock layout. The process of rekeying your homes locks is often cheaper than opting for new lock installations. Also the strength and security level of a rekeyed lock should still be strong enough to withstand any intruders tampering.

Installing new locks is something that you may be able to complete yourself. However we recommend hiring the services of a professional locksmith to install your home’s new locks. Also you will need a skilled locksmith to undertake the rekeying process as they have specialised equipment for such a task.

So You Finally Bought Your First Home

house constructionFirst of all congratulations! You finally did it. Making the purchase of your first home is a massive achievement and you should be very proud of yourself. But what next?

I am sure you have probably been on a roller coaster ride to get to where you are now. Come on, the countless hours spent getting your finances in order so that you knew how much you had to spend. All the time negotiating with the banks to get the best home loan deal. Hours upon hours of researching for the best suburb that your can afford and is your ideal living area. Then the site inspections, offers to be made, offers rejected, negotiations for the best buying price, the list really goes on. So after all this stress and time spent what have you got to show for it? Well your own home!

So take so time to enjoy this moment. Your home will never look the same again. Maybe throw a welcome party but of course be careful who you invite. The last thing you wan to do it get on a bad start with your neighbors. So why not invite them? But then you don’t know them. Sometimes your friends are the ones you have to watch out for. Maybe limit the alcohol consumption or get everyone to leave early. That will avoid getting noise complaints or worse yet, people getting too rowdy and possibly causing damage to your new home!

After the celebrations have settled down your next step is to think about renovations or at least some form of doing up the place. Even if you bought the place to rent out or to make a quick buy and sell profit, it is always worth spending a bit of time and sometimes significant money to turn a larger profit.

After all if the place is worth more you can charge higher amounts in rent, and of course it can easily sell for more.

It is often quite surprising just how simple additions or changes to a property can add value, but for the real value adding a renovation is where you need to be. But what to renovate? Often the most expensive areas or rooms in a home to renovate are the bathroom and kitchen. This is due to the fact that these areas are wet areas and need plumbing, waterproofing and often involve tiling. These trades are more expensive to than a simple gyprocker or painter but of course depending on materials used and the quality of the tradesmen any job can have large price ranges.

Either way we always advise that you should do your research. Get a few quotes and compare things like, quality of materials, time taken to complete, guarantees and of course make sure your tradesmen are licensed and insured. Going with the cheapest option is often a mistake that can cause issues down the track. Have you ever heard of the saying he can talk the talk but can’t walk the walk? Mae sure to check references before outlaying thousands of dollars.

Plan it right and you are sure to add significant value to your property. This can increase your standard of living as you enjoy your home and also can help you if you eventually decide to sell it down the track.