6 Things to Consider Before you Building a House

Building a home is probably one of the biggest financial endeavors a person will go into during their lifetime. It requires you to make a lot of quick decisions ranging from matters of finances to matters of construction and home safety.

The key to accomplishing these goals is to plan ahead. Thinking about a potential problem before it arises will allow you to be ready for it both financially and in terms of managing the assets needed to fix it. It’s best if the homeowner does this in cooperation with the architect and a construction crew they can trust.

Your lifestyle

The first thing to consider when deciding to build a home is what your lifestyle is at the moment and how it can change in the years to come. The home should be built so that you can live in it and enjoy it on a day-to-day basis.

It’s important to note that this can change quite radically as you grow older. Kids will grow up and they will need more space, your habits will also evolve as time goes by and you should try to predict this change as much as you can.

The funding

Next step should be to find the proper funding to cover your plans. That can be done in a number of ways, via selling another property or by taking out a loan. The key, however, is to prepare more money than you might need at any particular point of construction.

It’s best to borrow 10 or 15 percent more than the project is meant to cost. That will cover the unexpected costs. It’s not enough to have more money borrowed; you should also make sure you have some cash available at all times, so that you can make a quick purchase when you need to.


It’s best to buy materials needed for construction in bulk. That way, you save on both the cost of the materials and the transport expenses which are often overlooked. It’s also important to figure out what quality you want in a material. For instance, people use quick set concrete for driveways and pathways because it can be installed quickly. Using tiles for the same purpose has advantages of its own, but it will take more time to install them.

The impact the materials have on the environment is also something you need to keep at the back of your mind at all times.


It’s not easy hiring a contractor because you probably don’t know as much about the industry as they do. However, it’s still useful to ask around and talk to at least a few companies. Don’t hesitate to ask for a reference list.  

You can save quite a lot just by comparing and contrasting different offers and it’s useful to inquire about additional details, such the timeliness and cleanness of the team you plan to hire and that can be done only by talking to some who’s worked with them before.


Once you’ve found a contractor, you should inquire about their insurance policy. There’s a lot of ways for the workers to get hurt on the job and the property itself could sometimes be damaged. You want to know who’s responsible for handling the insurance, and how much it adds to your bill.

This really isn’t an area you can save on or even try to. It’s better to be safe than sorry and an insurance policy will keep you safe in case something goes wrong. Consult an accountant about the policy before you make any long-term decisions.

Cleaning up

Building a home leaves quite a lot of mess behind and making the property useable can become a project of its own. It’s therefore important that you set the terms on this one, before any work starts at all.

This may be an additional expense, but it’s easier if you can simply start moving into your home when the work is completed. If you want to save, it’s possible to handle the cleaning on your own, but that will delay all your plans.


It’s important to plan out the construction of your home. It will save you money in the long run and you won’t need to worry about repairs for the years to come.