This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/06/08/building-your-own-home-common-mistakes/
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Close-up Of Person Hand Holding House Key In Hand
If you have the funds, there’s no doubt that building your own home is the ultimate dream. If you can source the land, putting together a design that suits your family’s needs down to a tee couldn’t be more perfect.
Finances aside, there are other reasons why it’s not a simple process. A lot of people who haven’t been through the process are quite blind to it, and perhaps fall for some common mistakes. Through today’s guide, we will mull over some of these.
Mistake #1 – You treat all costs as gospel.
We said we wouldn’t mull over the finances too much through today’s article, but if we were to give you just one piece of advice along these lines it would relate to your forecasted costs.
In short, don’t believe them. You simply must have a contingency fund (up to 10%) as in pretty much every case, there will be unexpected surprises that result in the cost of your build skyrocketing.
Even though your architect may have given a rough idea on what something is going to cost, when the builders get to work things can change. The cost of materials can change, while in some cases the architect may have even underestimated various parts.
Mistake #2 – You treat all dates as gospel.
Something else that you should question are the dates you are given. Again, these are rarely worth the paper they are written on as a whole host of external factors can impact the build time.
It again means that you need to build a contingency. This might be by having a storage unit to store your belongings or, of course, somewhere for you and your family to live during the process. This again needs to be added to your costs.
Mistake #3 – You don&#… Read More
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