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Monday, January 4, 2010

Rules Of Thumb For Building A Custom House

By Gavin J. King

Find Your Property

First, it is a good idea to find the property that you want to build on. Things like location, price, applicable taxes, zoning and density laws and building permits may be just a few of the issues you will be dealing with in getting your buildsite approved for construction.

Funding

The traditional way to pay for the construction of your home is through a construction loan with a bank or credit union. You can have any number of modifications installed, or eliminated from the plan, to change the price your home will cost you. You need to have house plans drawn up to estimate the price of the final product. Your money lender will always want to see the home plans before lending you any money.

Hiring Your Architect

From California to New York to Arkansas, home plans include foundation, framing, siding, plumbing and electrical details, and can range from as little as $600, to as much as several thousand. It is always best to screen at least three applicants before you hire any professional and architects are no different. Then take these plans and prices to your lender, and see what they will offer you in terms of financing.

Be Flexible

Don't be surprised by some necessary changes in your plans. Factors that may effect the rate at which your home is constructed can range from weather to labor disputes so be pro-active if they pop up. It will take you a long time to complete the project so don't be impatient or pushy with your subs.

Following through to the end of the project is the goal, so don't take your eye off the ball. Making sure to keep the ball rolling until you are finished will help you stay focused on completing the project in a timely fashion. Failing to finish a project like building a home, on time, can cost you thousands in fees and penalties so plan ahead.

Of course, this is just a general outline. Spending you time learning about construction and improving on your own knowledge base will help you understand what is going on in each phase, and keep you in the know on your home construction. - 23223

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