Cranbourne is a suburb in Melbourne, Victoria. It is located several kilometres south of the central business district. As such, it is a great residential location because of its proximity to business opportunities. You also have access to excellent school districts and healthcare facilities. Choosing this suburb for your custom build home project is a great idea.
Remember, the process of custom building a home begins way before you pour the foundation. Finding house and land packages in Cranbourne involves a unique process. If you want your project to be efficient, effective, and exciting, you must start with a good plan and work with a competent, honest builder. To help you avoid expensive mistakes, take note of these five crucial steps:
Set Your Working Budget
When you start dreaming of your first home, set a realistic working budget that you can afford. You need to find a way to balance your wants versus what you can actually afford based on your income. It would help shop around for construction loans and mortgages to determine how much you can qualify for. Doing this step assures you get a rough estimate of how much you can spend. This will determine how much money you can spend on the land, architect, and general contractor. As this part is complex, it should be several months before you sign with a builder.
Select a Prime Lot Location
If you don’t have a lot yet, you need to get a rough estimate of land cost in the areas you are prospecting in Cranbourne. About 20% of your custom home budget will go towards land. Land matters because it can affect your floor plan. After all, the terrain influences your house’s details like drainage, building codes, zoning, etc. Expect to pay more if you want personalized blueprints.
Choose a Home Plan
When you’re considering house and land packages in Cranbourne, you will notice that there are stock plans from a catalogue. Finding the perfect one for you and your family takes time. Don’t rush it, or you may end up with regrets. Peruse online galleries, magazines, and plan books to help you choose the best one that tickles your heart. You will be living in this home for a long time, so you need to make sure you really love the home plan and layout. If you don’t find the stock home plan that suits your tastes, go with a custom-built design with a licensed architect’s help. This assures you can get the home plan you want that you can live with for many years.
Pick the Right Team
Once you have a budget, the land location, and design, you need to assemble a team to make your dream home come to life. You need an experienced home builder to literally build your home from the ground up. Interview several prospects, as this will have a huge impact on your life. You want to work with a qualified team with the right tools and skills to build your house. More importantly, they ought to have an extensive network of industry partners that supply high-quality materials and render superior subcontracting workmanship. Be sure to research your prospective firms by going online, reading reviews, and looking at client galleries.
Negotiate The Working Agreement
When you finally find a contractor you feel most comfortable with, make sure you draft a working agreement. This contract will include details of your home specs, materials, and labour rates. Establish everything from the get-go, so you don’t get nasty surprises when the invoice comes. A contract will protect you and the contractor in case there are unforeseen issues.
Final Wrap Up
The road to building a new home may be complex, but it is exciting and fun if you know what to do. New home construction will eat up a lot of your time. However, you will find the process worth it because every nook and cranny in your home is built to match your specifications. Happy home building!