When Is the Right Time To Build Your Dream Home?
The real estate industry can be volatile and unpredictable, and knowing the right time to start a build can be difficult. Unfortunately, no one knows exactly what the future holds. However, with the proper information, you can have the knowledge to make the best decision possible and take one step closer to opening the door of your custom-built dream home.
Let’s look at some of the key factors to consider before committing the time and money it takes to build a home.
Understand the Building Process
Understanding the homebuilding process and everything it entails is a crucial step in the homebuilding journey.
Know that it will take time for it all to unfold. From initial concept design to handover, it is not a speedy process. Developments needing council approvals can take even longer. The length of the process can be exacerbated further with the now common supply chain issues, increasing prices, and labour shortages.
Don’t let all of this discourage you, though. On the contrary, use this knowledge to begin the process now so that your foresight and patience can reap the rewards in the future. The home building process can be difficult but well worth it in the long run.
Ask the Right Questions
Having a solid knowledge of the home building process begins with asking the right questions. Ask your homebuilder key questions to help better equip and navigate you through the process. A few important questions and points to consider are:
- Does my builder have the knowledge, skill, and reputation to do the job well?
- What is the difference between an estimate and a quote?
- How long is the quote valid?
- Am I getting the fairest price when compared to other builders?
- What factors, such as labour shortages and supply chain problems, are affecting the build?
- What is my builder doing to ensure the best build possible in the most cost-effective way?
These are just some of the questions to ask your building company. And, if they value you as a client, they will have the utmost patience and consideration when answering.
Building a new home can be a frightening endeavour, especially in these uncertain times. But the more you know, the far less frightening it will be. At Ridgewater Homes, we have the expertise needed to build your dream home and are committed to seeing your project through from start to finish until you are resting easy in your new house.