The purchase of a home is for most people, one of the biggest investments that they will ever make, and yet many people tend to throw caution when they are looking for their ideal home. So many people make hasty decisions about home and land packages, and just as many end up losing a lot of money because of dishonest home builders.
No matter where in the country you are, buying a property can be a tricky business. If, for example, you decide to buy a second-hand home, you could end up with a property that will require very expensive repairs in the near future. On the other hand, if you opt for a new build, you have many hidden expenses.
This may include planning permissions, regular inspections by your building inspector, and depending on the area, you may have to pay money in order to get a power supply for your property. In addition to everything else, you might have the misfortune of dealing with a crooked construction contractor.
These are all things that have led to the current trend where people are buying land from a developer, and this developer is also building their home. These home and land packages have a number of advantages. For starters, many developers who offer these packages are well established companies.
They have staff in place to take care of all the legalities, they have designers, landscapers and of course their own builders. Many large developers will also have a range of different home models, some of which include pre-approved house plans. If you choose one of these models, the plans will still have to be approved, but the process will almost always be transparent since the plans will have been used several times in the past.
One of the biggest mistakes people make when it comes to lodging and landing packages, they are tempted by very low prices. As with so many other things in life, if an agreement seems too good to be true, it is probably the case. Remember, no one will sell their land well below market value. The only time you might be able to find a property below market value is by attending the auction.
Many people also make the mistake of hiring the first home builders they meet. They arrange a meeting with a building contractor, and they hire them just because they seem to be good honest people. Choosing a builder is not just about finding an honest builder. Even the most honest builder in the world can cause you financial losses, albeit unintentionally.
Experience is just as important as honesty. If your builder has to reverse something and rebuild it, he will almost certainly try to recover his losses in one way or another. That's why you need a builder that does it right the first time, every time. You need a builder who is ready to work with you at every step if you need to make changes to the original plan.
There are many sets of homes and lots available, but no matter what temptation you may have. by any of them, you should never be too quick to sign on the dotted line. It's a big investment, and like all big investments, it requires good planning.