Before You Buy, Your First Home

Real estate is one of our oldest industries, because as long, as someone owns, something of value, there will be conditions, at some point, or another, which bring him, to consider selling it! Every individual, who buys any house, at some point must proceed, to purchase his first home, and doing so, for the first time, has certain specific challenges, and obstacles, involved, as compared to when, someone buys their second, third, etc. With that in mind, this article will attempt to briefly, consider, examine, review, and discuss, some smart considerations, when one is ready, to purchase his first home, of his own.

1. Why are you buying, versus renting, etc?: Begin with an introspective, objective, review, of why, you want to own a home, rather than continue, your present living arrangements. How has your life experiences, and/ or expectations, led you, to this decision? Have you considered the responsibilities, and obligations of owning, in terms of financial, maintenance/ repair/ renovations, and how, you might feel about doing so? How will owning, better serve your needs, and expectations, etc, than renting, etc?

2. Financial considerations/ preparation: Are you prepared for owning a home, of your own? Have you looked, at your finances, and consulted, a mortgage professional, to consider your qualifications, and ability to obtain the loan, most need, and require? In terms of finances, you must closely consider, and examine, if you have the funds, for the down – payment, as well as all the needed reserves, etc. Some of the reserves, must include: Reserve fund, for contingencies, in case you have some change in work status (recommend 6 – 9 months reserves); funds for immediate repairs, renovations, upgrades, including painting, flooring, etc; appliance reserve (for upgrading/ replacing appliances, such as refrigerators, dishwashers. freezers, cooking appliance, etc; future renovations; future repairs; upgrades; and major needs, etc. Homeowners, who prepare for contingencies, discover, owning is far more relaxing, and less stressful, than those who fail to be ready!

3. Know your needs: Smart buyers know, and fully consider, their needs, now, and into the future! Are you buying this house, for the longer – term, or focusing on it, as a starter – home? If it’s the latter, then, it might be simpler, to consider, because there are fewer variables! Those looking, longer – term, must evaluate, whether they might be well – served, and whether there is a potential, for adapting the specific house, on this property, for future needs!

4. Location: It’s possible to change many things about a specific house, and property, but, you can’t change its location! Before buying, walk around the neighborhood, and area, see if it meets your needs, and priorities, in terms of schools, conveniences, shopping, transportation, safety, etc.

These are just, four, of the considerations, before purchasing your first house. Those who consider things, thoroughly, consistently, are happier, and better served, with home ownership!

Tips on How to Save Money During Building Construction

Building construction can be a tedious process which could go on for months or years depending on one’s budget. Construction of a building typically starts with planning and designs by the architect through the client’s requirements then it continues to financing the project until its built and ready for use. Most clients want to build a house that would reflect their personality but within an affordable budget and yet fit their personal aesthetic requirement, this could be a difficult task to achieve without taking measures to cut costs where necessary, this is why we have assembled a few tips to get you started.

Compare Proposals and Choose Wisely

Knowledge they say is power so therefore being informed before making any decision be it materials, styles and most especially the execution is very important to choose wisely. To properly do this you should get several proposals and quotas from different contractors and subcontractors which states their requirements for labour, supervision and materials with the price attached, this will enable you compare and contrast between them and choose wisely the one that fits into your budget and also get references to be sure that whomever you choose can deliver to the standard you require and to get a well-rounded picture of the person you are working with, this will help you avoid additional expenses to correct mistakes which might be incurred as a result of poor management by the contractor.

Improvise During Construction

There are several requirements and expectations that goes into a building among which include kitchen cabinets and wardrobes, these can cost you a lot if you are building them off-site then before installing them. However you can save a lot of money by building them on site yourself, with just minimal masonry and labour you could build a more sustainable kitchen cabinets and wardrobe then finish it with marble tiles or stones which looks amazing and would last longer than the wooden one made off-site.

Adapt Sustainable Execution

Sustainability is a term which saves you money in the long run, this is to say that sometimes its better to go spend money on quality material than save money on low quality materials that would require you spending subsequently on maintenance. To consider one must avoid anything that would incur unnecessary problems in the future since it not only reduces the quality of the building it also affects your investment.

The execution of stages like plumbing and electrical fittings could generate faults afterwards if not handled properly, for example we have noticed that conduit system of installation of plumbing fittings can be hard to maintain if need arises since breaking of the walls and patching it up destroys the aesthetic value of the building as well as the structural value. To avoid this however it is best to adapt the duct system during planning so that provision can be made for the plumbing within the building where the pipes could pass through then later can be covered with aluminum louvers, that way it is neat and sustainable.

Seek Advice on Materials

Building materials today are of different types and from different companies, the market is filled with substandard products due to the fact that many companies reproduce materials made by other companies for a cheaper price but for lesser quality, so it would benefit you to make proper enquiries for professional advice on materials from contractors so they can recommend quality materials for good prices. In some cases these contractors or subcontractors can get you a better deal on bulk items such as lumber, paint and fittings since they may have a close relationship with the dealers.

Reuse Materials

In building construction materials can be salvaged and reused however possible, often materials that could be reused are wasted during stages of construction. Materials like lumber which serve several purpose in construction like formwork, scaffoldings, bracing etc can still be reused, for example planks used as formwork for floor slab could also be refused for lintels and beams thereby saving you extra cost on purchasing extra wood. The important thing to note is to be careful while removing the formwork so as not to damage them too badly.

Provide Your Own Water

A typical building construction site needs constant water for almost every activity so if you provide your own source of water without having to buy you will save a lot, you can do this by either digging a temporal well or digging a borehole. This source of water can also benefit you if you decide to mould your own masonry blocks on site, eventually it could be retained for use after the project is completed.