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Home Plans
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Planning Your BudgetBegin now to think about how much you can afford to spend and how much
building your new home is likely to cost. Chances are you will need a
construction loan and a mortgage. It's not too early to find out what size loan
you qualify for. Also, knowing the approximate costs will help you modify your
building plans to meet your budget. Choose Your LotWhether you are building your home in a suburban development or a site with
sweeping ocean views, you will almost always need to choose the land before you
select floor plans or other details. You (and any pros you hire) will need to
investigate factors such as soil condition, drainage, zoning and building codes
in the region. Line Up Your TeamUnless you are a homesteader, you will need a team of experts to design and
construct your house. Key players will include a builder, an excavator, a
surveyor and a home designer or an architect. Many homeowners begin by selecting
the builder or contractor. That pro then selects other members of the team.
However, you may also opt to hire an architect or designer first. Pick A PlanMany new homes are built using stock plans from a catalog. The builder or a
home designer may make minor modifications in room size, window style or other
details. A custom-designed home, on the other hand, is created specifically for
the family which will live there. In most cases, custom-designed homes require
the services of a licensed architect. Whether you opt for a stock or a custom
design, you will be wise to choose a plan that will meet your needs for many
years to come. Negotiate A ContractBe sure to get a written contract which has been signed and dated by both the builder or contractor and the architect or designer. A contract for new home construction will describe the project in detail and include a listing of all the parts to be included in the house. Remember to amend the contract if you or your team make any changes to the project later on. |
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