A Guide to the Luxury Home Building Process

Designing and building a luxury home is a dream that can be a reality with the proper steps. Truthfully, the process is similar to creating a traditional home except with luxury materials. You maintain control over nearly every detail, from the number of outlets in a room to where the master suite should face. Learn all about the luxury home-building process by following this guide right now.

Research and Price the Project

Make an amenities list for this new property, such as desired square footage, number of bedrooms, and material options. Depending on your budget, there are hundreds of decisions to make regarding the home's material construction and style.

Secondly, nail down a solid budget. For example, luxury homes often cost between $200 and $600 per square foot. These values add up quickly when you combine the physical structure with outdoor hardscape and other features. Ultimately, this budget guides your choices on materials and building size.

Partner with Professionals

Luxury homes demand a certain level of craftsmanship, such as for sweeping staircases and intricate details along hallways. Before any crew breaks ground on your project, hire an architect and design professionals. Preferably, select a team that works exclusively on high-end properties, like a leading home building company in Perth. As a result, you'll instantly have the know-how needed to complete the project.

Before moving forward, the professionals will draw up project contracts. Thoroughly read the contracts and sign them as needed. These papers bind the professionals to the project until it's completed to your standards.

Pick Your Land

This step may take extra time because you will want to work with a real estate agent who specializes in land sales. A land sales expert can help you understand if a property is appropriate for your project. Your design team may be able to help you find an agent in your preferred region. It might be a waterfront property or a lot on a hill. Alternatively, consider rural spaces with connections to municipal resources, such as sewer lines, gas lines, and electrical grids. Once you purchase the land, it can be prepared for new construction.

Work on Design

Because you have land as a guide, your design team can sketch your luxury home. They'll discuss architectural design, material choices, and layout with you. Indeed, there are many different architectural styles to choose from so perform some research beforehand to narrow down your selection.

In reality, this design might change over time as the construction moves ahead. However, the fundamental elements will be the foundation of your luxury home.

Focus on Obtaining Permits

Every construction job requires one or more permits. Always, meet with your design team. They should know which permits are needed and how to obtain them. In some cases, the construction crew obtains the permits.

Remember, there will be several inspections on your luxury home as the construction moves forward. Local inspectors must clear the work before additional construction continues. Although permitting and inspections may take some time away from the overall project, they're mandated by law and ultimately protect your investment.

Consider Financing 

Although you may be able to pay for the construction outright, other people may need some financing. Preferably, work with a bank that specializes in land acquisition and new construction. There are a few financing differences between constructing a new building versus buying an existing structure. In the end, these professionals can walk you through the process.

Additionally, any financing will require a sizable down payment. Because of the risk involved with new construction, most lenders require 30 to 40% down before releasing any funds.

Communicate Throughout the Project

Truthfully, any luxury home built from the ground up will take a few months to complete. For example, there may be weather delays or supply issues. Because of the extended length of the project, be sure to communicate with your design team and construction crew. Ideally, use email as a communication pathway with documentation. If the foreman believes one section will be done by Friday, for instance, you can hold him to this promise with the email as proof. As a result, everyone remains accountable for every phase of the job.

Obstacles arise for nearly any construction project. Ideally, work with your design and construction crew to find creative solutions. After a few months, that dream home can be move-in ready with handcrafted features.

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