Nothing beats the feeling of being able to nail a hook into the wall without asking permission! Switching from renting to owning a house is one of the biggest jumps Australians experience in their lives. However, (yes, unfortunately, there’s always an undesired “however”) building your dream house can often turn into nightmares for first-time home-builders. Sometimes, legal and financial factors can complicate the construction process, making it a real challenge, – that’s pretty depressing, but relax, it doesn’t have to be burdensome! Good news is that you can still find a suitable design for your budget. If you’re planning to build the house of your dreams anytime soon, here are some fantastic tips to help you along the way!
Get All Government Approvals First
Now that you’ve finally got your better half’s parents’ consent to get married and you’re planning to have your dream home, a second test awaits you! (yes, there’s always a second test!) – which is none other than obtaining the government’s permission to build your house! Getting all the approvals from the government and other local authorities is the crux of the process. So, make sure you comply with all building regulations and submit all necessary building permit applications before you build anything!
Get Your Financing in Order
The government said, yes! Now what? “It’s all about the money, money, money!” – Budgeting is the second step to make your construction project a resounding success. Since you’ll ultimately wind up spending thousands or possibly millions of bucks constructing your dream house, it’ s advisable to develop a budgeting strategy to eliminate headache related to overpayment risks and other contingencies. A home construction loan can be handy to fund the process.
Cheaper is beautiful! Besides restrictions, budgeting can also have an impact on your house’s exterior. All of us dream of owning a magnificent, luxury mansion with a gorgeous garden and breathtaking swimming pool in the heart of an elite and serene estate (like the luxurious Point Piper). Unfortunately, even our dreams have a price (Sadly, we cannot forget about the price tag like Jessi J). But that doesn’t mean you should stop chasing down your dreams or stop dreaming! Try to choose clean, well-balanced textures blend in with the same look but at a reasonable cost. For instance, accented terracotta-coloured bricks on porch pillars combined with a light-coloured wall can result in a peaceful and stylish allure. Most builders recommend using eaves to enhance the vivid appearance of brick walls.
Know Your Rights!
Building your first home is indeed an overriding financial decision, so it’s a must to understand your financial responsibilities and the assistance available to you. If you are constructing a home worth up to $750,000 in the Victoria area, you may be eligible for a First Home Owner Grant (FHOG) and receive $20,000, which could largely offset the cost of your home. If you’re planning to build your future home-sweet-home In the Melbourne CBD or Melbourne eastern suburbs, you can contact Fairweather Legal should you need more legal information for the construction of your residence!
Draw Up A Plan
It’s always wise to plan (it wasn’t raining when Noah built the ark). Be sure to have a comprehensive plan in place before seeking funding. If “Plan A” didn’t work, keep calm, the alphabet has 25 more letters! Once you’ve finalized your selection, compile a construction file containing a list of all your preferences, construction notes, and photos of the desired dwellings. Keep track of light fixtures, wall tiles, window types and other features you’d like to use.
Come Up with Something Smart & Easy-Going
As families change, their needs vary. And therefore, you can’t just design your home with a series of four-walled rooms fitted into a more massive four-walled structure. The design of a dwelling place should reflect simplicity and convenience, with the ability to evolve as your family’s needs change. Could this large room that your three kids will share as pre-schoolers be used for something else when they are older? Where will they sleep when they want their own room?
More than the looks, what sets your desired residence apart and make it a home are the memories you create with your loved ones. Open spaces on the alfresco or veranda make your home-sweet-home more welcoming to the surrounding nature. High windows can be a bit luxurious, but if placed correctly, they can create a warmer atmosphere throughout your domicile. It is a good idea to allow sunlight flow, particularly if you have a relatively small plot of land. Fortunately, regulations take this into account and ensure comfortable living spaces.
Make the Most Out of Your Lot
With a plethora of different design choices to choose from, make sure not to make the mistake of settling for a lodging place that doesn’t fit your budget, needs and most importantly, the lot! Armed with the right advice and design from experienced professionals, every square metre of your land is valuable and can be put to the best possible use.
Unfortunately, developers, surveyors and councils will always control, the amount of land your house can occupy, the colours and materials allowed such as the types of windows you can or cannot use. This can impact the external appearance of your home and limit the interior space (which is already very limited). Fortunately, a good design can bring functionality to even the smallest areas, and the proper materials can add character to your home’s exterior. Hiring professional design services can actually turn out to be your saving grace.
Choose the Jewel in The Crown
Choose the right people to work with you! Be comfortable talking to your builder. After all, you’ll be working together for months. A builder needs to be able to guide you every step of the way, from initial design to customizing product choices. Before proceeding, it’s always wise to confirm the builder’s credibility – consider checking out some dwellings built by the contractor in the past and their resale data.
Whether its consultants, building lawyers, developers, designers, drafters or builders, they all have a role to play in helping you build the perfect house that is both low-maintenance and aesthetically pleasing. Architects and home-builders advertise their work online, making it easier for you to browse and choose from brochures (so take advantage of it!). It’s also helpful to get some ideas from dwellings you spot along the way and ask your contractor to bring that idea into the design.
Understand Your Agreement
We all hate contractual disputes! That is why it is primordial to thoroughly read the contract with your builder to ensure that you’ve fully understood its contents. Nobody enjoys being taken by surprise! So, check carefully what the construction costs cover and what they don’t.
Pay close attention to the payment schedule and make sure the contract includes the following:
- a cooling-off period
- a construction timeframe tailored to your needs
- detailed plans
Finally, it’s worthwhile having a lawyer review the contract before you sign it. Cross out all blanks and always remember to double-check that all amendments are well documented and mutually agreed upon.