Monday, February 16, 2009

Smooth Building: Ensure your home construction project’s success

So you've decided to build your dream home. If you have already started the process, there is no need to explain the daunting task ahead of you. Don't fret, here are some ideas to help ensure smooth sailing in the sea of pre-construction tasks.

1. Know your budget

I have seen too many people get caught up in the temptation to spend outside their means. It is very important for you to know how much you can spend and prioritize your wants and needs. Make a spreadsheet or document outlining the importance of certain items. You may be able to afford everything you want, but having this list is immensely important if you realize that some cuts need to be made. Being prepared for this now will save you headaches down the road.


2. Invest in a thorough blueprint

Blueprints are expensive, but there is no good way around this expense. A good blueprint ensures that everyone, from loan processor to subcontractor, is on the same page when it comes to your project. The old adage "You get what you pay for" is especially true when it comes to blueprints. This is the instruction manual for your future home, and you don't want a bar napkin sketch being the outline that everyone is working off of.


3. Research your General Contractor

This person will be your field general, your trust in them will be the difference in a dream home or a nightmare. It is tempting to go on price alone, especially if they are a lot cheaper than their competition. Remember that you don't have to go with the most expensive contractor, but the cheapest rarely works out well. Utilize the internet as a preliminary resource, but take it a step further. Ask to see some of their past projects. Ask for customer referrals. Potential contractors should be more than willing to let their former work and former customers do the boasting for them. Be very wary of those who shy away from this request.


4. Ask lots of questions

There is no such thing as a dumb question. There is no such thing as too many questions. The more you understand now, the better you will understand every facet of your project. The worst mistake you can make is being afraid to ask any and all questions you may have. This is, after all, your future home.


5. Enjoy the process

This tip is for your own sanity. It saddens me when I see potential homeowners frustrated and overwhelmed with their project. If you establish a solid foundation before executing your project, the job should pretty much run itself. Enjoy the fruits of your labor as well as your loan money. Remember that this is your future home, enjoy it prior to construction as well as after. Take lots of pictures and cherish every stage of the process.



Feel free to voice any questions or concerns to me personally, and I will do everything in my power to help you in your project.

Tuesday, February 10, 2009

Welcome

Is anyone else tired of hearing the words "recession" or "down economy"? I know I am. The truth of the matter is that the time to build is now! Lumber prices are at record lows, contractors are low-balling eachother for work, and interest rates are in the bucket. The real problem lies in the loan approval process. With the recent crisis in the banking market, banks have nearly sealed their loan departments shut. Many banks are requiring a certain percentage of the actual loan total in deposited cash before they will seriously considering your loan approval. Now is the time for those smart consumers who have a decent chunk of change stashed away in the bank. There is some great information at http://thegreatloanblog.blogspot.com/.

The housing industry needs your business, which reinforces my argument that now is a great time to build. Research your home project at http://homebuilding101.blogspot.com/. A smooth project starts with good research. Know what you can afford and what you want to find a good balance as a solid foundation for your new home. If you are currently working on a home project or in the process of starting one, please feel free to find more information at http://jessepcooper.com.

Happy building!