This house building breakdown reminds us that the true secret of home building is in the planning, and the step-by-step process. People of all budgets should spend a lot of time planning and researching their future home. There are many new options in home building today, so don’t just assume you know, even if you have prior experience in construction. Some of the new materials are worth looking into.
House Building Breakdown Step 1: Planning, Saving and Research
Before you are ready to build, it is important to plan, save and research for about one year. Research all aspects of materials, including the new ones. Find out all you can about construction, and download our free 98 page book as a great start to homebuilding.
During this period it is vital that you make practice mortgage payments to a savings account. Save at least one third of your income in order to make a down payment. Even if you already have enough for a down payment, still make the practice payments into a savings account. It will help you predict how difficult or easy it will be to pay your mortgage.
It is also a good idea to clean up your credit during this time. Pay off car loans, and stop carrying a balance on your credit cards. Pay all the small bills you may have forgotten in the past and get your credit rating in tip top shape.
Start a journal or computer file of home ideas. Encourage family members to contribute pictures and ideas to the file. Gradually let the idea form into a home. Make choices based and start looking a home plans. You may either buy a plan on line, or ask your home builder to find one for you that resembles what you want. You may even be able to afford an architect to design the home plan, if you can’t find one you like.
Finding a responsible and reputable home builder is a vital step in home building. Research on line and in your community to insure the builder you select has a good reputation. Ask local Realtors, loan officers, subcontractors and building inspectors to recommend good builders, and perhaps tell you who they would not ever recommend as well. Narrow your choices and collect bids from three to six different contractors or homebuilders.
Get your homebuilder and possibly another expert to examine the lot before you buy. Obtain the land as part of the home builder loan if possible. Spend time examining your lot for signs of underground springs, near the future home. Underground springs under a home are one of the most serious structural problems involved in home building. While mountain homes are beautiful, and provide spectacular views, steep grades will cost a lot more in grading and foundation costs, and may end up unstable as well. For the least expense, select a flat lot, on the top a hill.
Check with home loan companies, and loan brokers to get both a home loan and a mortgage that close at the same time. Look seriously at the savings involved in a 15 year mortgage. Take advantage of the new lower interest rates as well. Be sure to lock in your loan quickly. Rates may go up.
You will need to choose between a slab, a crawl space and a basement. Your climate and soil type will play a large part in your decision. High water tables can cause problems with basements, while a deep frost line requires one. Crawl spaces work best in clay soil and damp climates, while slabs only work their best in dry climates, which are relatively free of termites. The foundation is one of the big three most important parts of your home. A good foundation is essential to the longevity of your home, so make sure this job is done correctly.
The shell is another part of the big three important parts of a home, so be sure that it is built sturdily. There are several choices in building materials, most of which were not available in decades past. Consider not only traditional framing, but also insulated concrete forms, structural insulated panels, and log home kits. Modular homes are also an option. Be sure to completely research all the options before deciding on which type of shell you want.
Insulation has become one of the most important aspects of a home. In centuries past it was not but with energy costs on the rise, insulation has become a major concern. Sometimes insulation is part of the shell, especially with insulated concrete forms, or structural insulated panels. Other types of construction may require closed cell insulation. Closed cell insulation has exceeded all the old school insulation products, only panels and forms meet or exceed them. In the ceiling though, radiant barrier insulation can make a huge difference in utility bills as well.
Once the heavy construction is done either you or the contractor will be responsible for completing the interior. Many people find finishing the interior themselves, saves money. Most contractors will be willing to build a shell, or finish it to completion, whichever you prefer, but the point must be agreed upon in the home building contract, before construction is started.
Careful planning now, can relieve a lot of stress in the future. It is important to consider the house building breakdown, and make all the plans before building a home.