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Building your own house? These tips might help.

by Greg on January 30, 2013

Building a home

If you’re thinking of building your own house, but don’t know where to start, and don’t have anyone to get some advice from – hey, you’re in luck! We’ve received these tips from Evelyn S from WA, who wanted to help others in the same situation as her – people who are going to build their first home instead of buying it.

Here’s what Evelyn suggests:

”What a fun and proud moment deciding to buy your first home.  Well, I actually built my first home.

The most important thing is not to go over your budget and do your homework.

First thing I did, was go to the bank to find out what I could borrow.  Make sure you do your research and take the time to get lots of

Offers and compare length of the loan and interest rates.  I then made sure to stay well below the figure I could borrow, to ensure that I had some spare, if required for an emergency at the end of the process.

I went around to quite a few display homes and again, did a lot of comparing, to see what I could get for my money. I made a wish list with all the things I wanted in a home. Then I numbered them in order of importance. This way, once you get to you budget you know to stop, but can still save up later and add on to add value to your home.

Remember, all the features you want, get heaps of quotes, you will be amazed how much you can save.  For example, by choosing remnants with tiles and carpets (of course, still styles and colours I liked) I managed to save around $4,000.00. That allowed me to get some other items on my wish list.

Don’t be afraid of asking questions, remember you are the customer and they want your business.  Negotiate, do not take the first figure given to you.  Make suggestions, such as add-ons included in the price.  For example, I asked for a fridge to be included – guess what I got it an no extra cost.

Be strong and do research, research, research.  It is well worth the time and can be fun to do, whilst you are saving money.

Enjoy the experience, it is all worth it, and you will have a smile on your face when you wake up in your very own home for the first time.”

 

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{ 2 comments… read them below or add one }

Michael Coline February 15, 2013 at 11:59 pm

Great tips, thanks for sharing this information.

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Tracey May 21, 2013 at 9:40 pm

Did you go through a standard Project Builder here in Perth, like Content Living, Commodore Homes etc? Or did you organise the builders and contractors yourself? Who did you get your loan approved with? Were you able to have the money in the bank released to contractors as their job was done, as we have been told the bank will not release it until the completion of the home. I would really appreciate your experience with these questions, thank you.

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