Building a new home is extremely exciting! This means you have the power to design your new living space and customize nearly everything to fit your family’s style. From having the opportunity to design your dream bedroom to crafting a premier kitchen, you hold the magic wand to make your wishes come true. While we wish you the best on this journey, we also want to warn you about what errors to avoid during this exciting process. Designing a home can be tricky, time-consuming, and require a lot of attention to detail. So, since you’re in the hustle and bustle of it all, we’ve rounded up some top blunders to dodge during this transformative time.
Compromising Quality for Budget
Even though you want to receive as much as you can for the money you’re investing, it’s best to also watch out for those offers that seem to be too good to be true. If a contractor is offering to complete the work way under the asking price from competitors, you need to make sure that everything in the contract is thoroughly evaluated. Oftentimes, contractors will sneak in extra expenses later in the project in order to secure you as a client at the beginning.
Don’t compromise your budget for what you truly desire, either. Building a new home should ultimately include what you want. For instance, if there is a certain counter top you desire and it’s within the budget, but you opt for one that you’ll enjoy slightly less because it’s cheaper, you’ll spend years paying the price of regret.
Breaking the Budget
If you happen to spend over the allotted amount, it may seem like a fine idea from the beginning. However, it can and will cause trouble later when budgeting for common living expenses. Let’s consider the mortgage. If you go over budget by $1000 every month, that money will have to be taken from somewhere else. This could include the loss of a family vacation, college funds savings, or even routine shopping trips.
Not Planning for Personal Lifestyle Luxuries
Ask yourself what you enjoy doing while at home. If it’s cooking, then make sure that you spend extra time designing elements in the kitchen versus an extra guestroom. When designing, it’s important to take the personal needs of yourself and your family into consideration because that is where the majority of your time will be spent.
Failure to Review/Sign a Contract
Many may think they fully understand a contract, but it’s always helpful to have an extra set of eyes review the terms, especially before signing. There are often occasions where certain clauses can be misinterpreted or even added without the permission of the homeowner. Don’t get tricked here.
Skipping Your Inspection
An inspection is an extra form of security that the home is being built safely and should never be skipped. This will ensure that there is limited risk for future fires, gas leaks, or pipe leaks. When building a house, it’s vital for the new living space to be free of any potential issues, so you and your family may transition smoothly into your new, beautiful home.