NEW CONSTRUCTION
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The
checklists are for informational purposes only & is not a substitute for legal,
tax or other professional assistance.
4 Keys To Choosing Your Site For New Construction
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Location ...location,
location, location. Nothing will impact your enjoyment of the new home and
its value more than location. Please refer to the checklist "22
Things To Consider When Shopping For A Neighborhood" .
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Site
Improvements ...what costs will you have to bear to get the site
"user friendly"? Please refer to items 3 through 14 of "19
Bits Of Data That Will Help You Objectively Evaluate The Building Site"
.
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Topography ...Does
the lay of the land lend itself to the type of dwelling you'd most like to
build? Is the grade acceptable to your lifestyle and conducive to adequate
water drainage?
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Soil... Is
the soil good for building or will you be faced with extra expenses to
secure a good foundation?
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5 Things You Will Avoid If You Buy New Construction
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You will avoid... An outdated look both inside and out.
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You will avoid... Questionable mechanical systems (water,
heating, cooling systems)
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You will avoid... Poor floor plans or small, choppy rooms.
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You will avoid... Paying high costs for inefficient mechanical
systems and poor insulation.
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You will avoid... Compromising on color, style and layout or
paying to have things remodeled to fit your lifestyle.
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Selecting A Winning Team To Build Your New Home...4 Questions
You Need To Ask Yourself
1. Who will design your new home?
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Architect
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Design / Drafting Service
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Builder that you hire
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Plans that you have purchased from a book, magazines, etc.
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Do-it yourself
2. Who will serve as the on-site building inspector to
make sure things are done right?
3. How will you select a builder?
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Referrals
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Yellow pages
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Do-it yourself
4. Are you really ready to be a part of your home
building team?
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Attitude
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Knowledge
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Time
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Energy
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Patience
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Should I Be My Own Contractor? 10 Critical Questions To Ask
Yourself
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Do I know all of the
hoops I need to jump through?
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Can I find a lender
for the construction loan?
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Can I find a lender
for the permanent financing?
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Do I know how to get
the building permits needed?
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Do I know how to get
my plans and specifications approved by the governing bodies?
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Do I know where to
check the details and specifications for the water, sewage and utilities?
Do I have the time and expertise to . . .
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Find my own
sub-contractors, schedule and coordinate the sub-contractors?
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Know the proper
materials to order and schedule the delivery of the materials?
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Oversee everyone’s
work including all required inspections by the lender and/or the
municipality?
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Am I financially,
emotionally and psychologically ready to tackle "O’ Toole’s
Law"? (O’ Toole’s Law is ... Murphy was an optimist!) It’s going
to take more time, energy, effort and money than you originally projected to
be your own contractor... are you prepared?
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The
above checklist is for informational purposes only & is not a substitute for
legal, tax or other professional assistance.
The lists were reproduced with permission of "Your
Home Coach"
