Building a home from the ground up can be an exciting but stressful process. Many things go into the design and construction of a new home, and with the help of a VA Home Loan, you can work on creating the house of your dreams.
Picking a Location
Choosing the right location for your home is one of the most important factors to consider when building a home; the location is permanent, design and decor isn’t! Think about if you want to buy a lot in an established neighborhood or a piece of land away from the city. If you have kids or plan on having kids in the future, search around for schools in the area and consider the commute to the school you choose. Are you looking to build a bigger house with a backyard, or a smaller house closer to amenities? Choosing the location of your new home is a big decision, so take the time to make sure you want to commit to it.
Hiring the Right People
Between contractors, designers, plumbers, and more, there are a lot of people that come together to make your dream house a reality. You will be coordinating with all of these people on a daily basis, so it is critical to select a group that will not only do a great job but that you get along with too. Shop around, look at reviews, and talk with various people about what you want to do with the house. Their expertise might tell you that something you want to do can’t be done, or offer opportunities to make your house even better. Once you select a crew, keep an honest, open conversation with them so that everyone is on the same page throughout the building process.
Budgeting
When building a new home costs can add up quickly, so make sure to create a solid budget ahead of time. Talking with your VA Loan Officer and presenting your plan ahead of time can make the process of getting a loan a little less confusing. Additionally, it’s important to coordinate with the various professionals working on the build to create a budget for each phase of the project. Prioritize what you want in the house, so if the time comes where you have to choose between one thing or the other because of cost, you already know where the money should go. When budgeting out the build of the house, it’s paramount that you include a little wiggle room for unforeseen costs and additional expenses. Know beforehand that not everything will go perfectly just the way you want it, and plan ahead so you will have the funds to cover it.
If you are considering building a new home, VA Home Loans of Idaho will help you acquire the funding you need and be there throughout the process of creating a new place for you to call home.
