Building a House
Monday, April 16, 2012
Building a new home can be really exciting, but it can also be overwhelming. There are lots of details to think about, and a lot of research to be done. Here are some things to consider as you look at options for a new home:
“Location, Location, Location.”
This old, and very over used phrase still rings true; location is everything. You will want to consider what is going to be developed around you. Try to find out what all of the land in your neighbourhood has been zoned for. For example you do not want to build a beautiful estate home where a new highway, train station or garbage dump is planned to be developed.
Price of homes in the neighbourhood:
Carefully consider what type of home are being built around yours, are they more or less expensive. It is a good idea to be a lower priced home in an expensive area. This will help to ensure that you get a good return on your investment and are able to sell your home quickly. Sometimes it can be worth spending a little bit more money up front, to ensure that your home will maintain its value through the years.
Find out exactly how far you will be from the nearest stores, schools, hospital etc. All of these things will make a big difference to the future value of your home, and how much you will have to spend in gas and travel on a daily basis.
Quality of construction:
Look at the builder’s standards. Make sure that they are offering you good quality home for your money. New homes may all look very nice, look at older homes made by the same builder to see how the homes age before purchasing. Carefully compare what is an upgrade and what will come standard in your new home.
Consider where you will be parking after the home is completed. Will you have a garage, driveway, or street parking? This can make a big difference to the curb appeal of your home.
How long you plan to stay:
Thinking long term is one of the best things to do when purchasing a home. How long do you plan to stay in the home and what are your future needs? For example you may not have children right now, but you will want to consider how close you are to schools and other facilities that would benefit children. Of your family does grow, you will not need to go to the extra expense of relocating, this will also add appeal to families should you choose to sell.