For many people, the idea of building their own home is a dream. Whether you want to go for a classical design or a modern eco-home, there are many ways to create an amazing home that is tailored to exactly what you have always dreamt of. In this guide, we’re showing you how to get the ball rolling for a new house construction process. You’ve got a long path ahead of you, but if you are able to follow some simple steps you are likely to take a lot of stress out of the construction project.
What are the first steps in new home construction?
The first things to think about when building a home usually involve getting the right people involved. Unless you are already proficient and have built houses before, you will need the help of architects and builders to create a home to your specification.
Other steps include finding and surveying a space that is suitable. You don’t want to just buy something on a whim and find that it is not suitable for the building you had planned. Professional advice is needed right from the start.
There are stock house plans available, which can be a brilliant way to get started and use a tried and tested structural plan.
Plan Your Budget
This is one of the most difficult aspects of building your own home. Knowing what it is going to cost means working closely with builders to establish the specifications of your home, materials, and labor costs.
You should get quotes from multiple contractors and get a ballpark idea of your budget. Banks may set out a maximum lending structure for you based on your income, and this may dictate whether or not you can even afford the home you have planned.
Essential Documents for Construction Process
There are some documents that you need to ensure you get before you get started. Firstly, you need all the finances in order, including the documentation from your mortgage offer and details of any lending.
A construction contract is vital for the home, as well as a scope of work to ensure things don’t go on indefinitely. The design plans, signed off by both parties, can also make sure that you are agreed and aligned on what is being created so you don’t end up with nasty surprises.
What is needed to get homeowners insurance?
To get homeowners insurance on a construction project, different insurers may ask for different documentation, including the plans for the home. It’s a good idea to work closely with the insurer, as they won’t be able to verify a lot of the details about the property independently. They’ll be relying on you to share these details and create a full overview of the property. Without this, they may not even insure you at all.
The construction schedule is one of the documents that can be used as proof of the home you are insuring. This may well be filed along with your insurance documents to ensure that if you need to make a claim, it can be checked against the building you have started to create.
Drawings and blueprints also show everyone involved what the plan is for the home, how big the area is, and they may dictate what you can and can’t claim for when you need to make an insurance claim on your homeowners insurance. Drawings may be from templates and blueprints that other people have used, or they might be created from scratch by the construction company.
Do I need homeowners insurance during construction?
Yes, you should always get homeowners insurance during construction. While errors and issues with the building might be covered by the contractor building your home, you aren’t covered for things like damage from tornadoes or natural disasters. A dwelling and fire coverage policy is usually enough during the building process. Eventually, you can move to a more comprehensive policy.
It’s true that the contractors building your home have to carry insurance themselves, but this doesn’t cover every eventuality. When you are starting the process of building your home, you need to give yourself as much cover as you possibly can.
When you start a house construction process, you are likely to have a long road ahead of you. Rather than spending a lot of time obsessing over fine-tuned details at the start, it is best to take a broader look at the property. Ensure you are working with the right construction companies, and cover yourself for every eventuality. It’s vital that you don’t leave yourself susceptible by not having the right insurance coverages or by making plans that will go above your budget. The process of planning itself can take years.