Building a new home is an exciting adventure. It’s a chance to create a space that’s uniquely your own and to make decisions about everything from the floor plan to the finishes. But the process can also be overwhelming, and it’s easy to make mistakes if you’re not careful.
My wife Nina and I have only ever “built a new home” with all of our home purchases, and we’ve learned a lot! Things to look out for, questions to ask, make sure you don’t forget this and that… there are so many things that go into building a new home. It’s exciting and fun, but it can certainly be stressful.
Below are some common pitfalls to watch out for when building a new home.
1) Not Setting a Budget
The first thing to avoid is not setting a budget. Without a clear idea of how much you can afford to spend, you risk falling in love with a design or materials that are simply out of your price range. It’s important to be realistic about your budget from the start and to stick to it throughout the building process. Trust me, I know this one can be tough!
2) Choosing the Wrong Builder
Another common mistake is choosing the wrong builder. It’s essential to do your research and find a builder who is experienced, reputable, and a good fit for your project. Don’t be afraid to ask for references, and make sure you feel comfortable communicating with them from the start. It doesn’t always have to be a “custom home builder” either. There are many regional and national builders around the country. We must have over 25 of them right here in Utah!
3) Overlooking the Importance of a Good Floor Plan
Many people focus on the cosmetic aspects of a new home, but the floor plan is arguably more important. A well-designed floor plan can make your home more functional and enjoyable to live in. Be sure to consider your lifestyle and needs when choosing a floor plan, and don’t be afraid to make changes if something doesn’t feel right.
4) Not Planning for the Future
It’s easy to get caught up in the excitement of building a new home and forget to plan for the future. But it’s important to consider how your needs might change over time. For example, you might want to include features that will allow you to age in place, or to accommodate a growing family. Most builders will have several options for floor plans available for each of their communities.
6) Ignoring Resale Value
Even if you’re planning to stay in your new home for many years, it’s always a good idea to consider resale value. Some features, like high-quality finishes and energy-efficient appliances, can increase the value of your home. Others, like overly personal design choices, can make it harder to sell down the line. It’s also important to consider the area you’re buying a new construction home or building a custom home. Research future developments and plans around the area.
By avoiding these common mistakes, you can make the process of building a new home less stressful and more enjoyable. And in the end, you’ll have a home that’s not just beautiful, but also functional, comfortable and a great investment for the future.
