The decision to buy or build a home depends on several factors but generally hinges on what you value most between convenience and customisation. If you want to own a home without the hassle of building one, buying is an obvious choice. But if have specific requirements for your home, building may be the only way to get to the home of your dreams.

A new home construction project requires a meticulous approach to execute correctly. Even the slightest errors in design and construction can result in unsatisfactory project outcomes.  With that in mind, here are some common mistakes to avoid when building a new home.

Choosing a Poor Location

Unlike when buying a home, building a home presents you with the opportunity to choose a lot of your choice. You don't have to tell Realtors that you like the house but not its location. But with this freedom comes the risk of choosing a site that's not appropriate for the home you have in mind.

Factors like slope, water table and soil type can determine which kind of home you can or can't build on your lot, so do your homework before purchasing a particular piece of land.

Disregarding the Overall Style of Neighbouring Homes

The biggest advantage of building rather than buying a home is the chance to get a home that represents your personal taste and sense of style. But this doesn't mean you should go with a style that detracts from the general look and style of other homes in your neighbourhood.

Take a long, hard look at the residential properties in the surrounding area and make sure your home is similar to those in terms of size and style.

Cutting Corners While Creating a Budget

Building a home is a large investment and while it may be tempting to find cheaper ways of getting things done, low-priced solutions often lead to costly repairs in the long run. Be sure to use high-quality materials and work with experienced workers to ensure you have quality workmanship.

Not Having a Contingency Fund

No matter how much you try to stick to the budget, unforeseen circumstances leading to overages can always occur. As a rule of thumb, you should have a contingency fund of at least 10% of your overall construction budget. If possible, have a bigger fund.

The best way to avoid the above pitfalls and ensure a smooth and successful home construction process is to hire an experienced home builder. They'll guide you through the entire construction process from design to completion so you can turn your dream home into a reality. Contact a local new home builder to learn more.

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