The first problem with house building is finding the right spot to build. You need a piece of land that is big enough and planning permission to build.
Unfortunately you don’t always know if you can get building permission when you buy the land; that’s why you need to tread carefully along each step of the house building journey.
Assuming you’ve found the ideal spot and have got the necessary planning permission then here are the biggest problems you’ll face while building a house:
Planning The Layout
The first hurdle to overcome is tied to your request for planning permission. You need to design a house that is suitable for your lifestyle today and in the future. But, it must be in accordance with the development regulations imposed.
This is not as easy as you think. It is essential to consider how you live in your current home and what flow works best for you. This will help you to establish room size and layout.
Getting Contractors
It is unlikely that you will undertake all of the build yourself. Even if you do you’ll need some manpower to help; particularly those in skilled trades such as electricians and plumbers.
But, it is time consuming and potentially expensive to interview different firms and hope that their staff is as good as they say they are. Instead you can go to your local labour hire Sydney and get contractors that match your exact needs.
You don’t even have to take them for the duration of the build; you can use them on an ad hoc basis if necessary.
Finance
One thing that is often overlooked is the finance of your new home.
You cannot get a traditional mortgage to fund a house build. Fortunately there are plenty of companies who are willing to lend you the money.
However, they will need a realistic budget and you’ll have to pay approximately 20% of the amount up front. This should get the planning and initial foundation stage going. The funds will generally be released in stages; corresponding to stages of the build.
This means you’ve got to complete a stage to release the funds, pay your bills and move onto the next stage.
Be sure to plan your budget carefully to ensure you don’t run out of money mid build.
You’ll also have to take out a traditional mortgage after the house is complete to repay the build loan; they are generally short term.
Unexpected Surprises
There are a huge number of unexpected issues that can occur when building. These may be relatively simple to resolve, such as hitting the mains sewerage pipe. However they may also be more complicated; such as finding you can dig your foundations thanks to the rock underneath your home.
The point is you need to be prepared for these setbacks; financially, emotionally and have the time to deal with them.
Site Visits
When people leave their project to be supervised by an onsite contractor they often find that they visit to find things have not been done how they wanted them to be.
If you don’t visit regularly then you’ll find it’s too late to correct an issue; leaving you stuck with a house that isn’t what you wanted.
