Five Steps to Build Your Dream House - By: KD Bickell

One of the questions many people have with respect to homes is whether to build or buy. The answer to that question really depends on your situation and your priorities. If you need a place to live fast, and you're willing to compromise on some features, then buying is probably your best bet. If, however, you have a vision in mind and nothing else will do, then you may want to build your dream home. This is the only way to ensure you'll get everything you want. Here are five steps to follow if building your dream house is a project you want to undertake:

#1: Design your home – You don't have to be an architect to do this. If you're artistic, you can prepare a sketch of what you want your house to look like. Or, you can simply write down on a piece of paper what features you want your house to have. Be as specific as possible – consider everything from the size of the closets to the layout of the kitchen.

#2: Decide on a budget – Just like if you're buying a home, getting a pre approved mortgage is crucial if you're building your dream home. This is the maximum amount you can spend.

#3: Make sure your vision and your budget match – This can be the most difficult step. At this point, you'll probably need to hire a professional to give you an estimate of how much it will cost to make your vision of the perfect place to live a reality. If that estimate is too high, you'll need to make some sacrifices.

#4: Purchase land – Find a plot of land that offers ample space for your dream home and any other things you might want to add (like a garage or a swimming pool).

#5: Start building – After you've completed the above steps, it's time to put the project in the hands of a team of professionals. Shop around to make sure you're getting a fair price, and hire licensed and reputable contractors. If things go smoothly, you'll be in your dream home in no time at all.

About the Author

Need help understanding the home buying process? Follow this step-by-step home buying checklist to avoid costly mistakes when buying a house. And learn how to find a realtor who will help you find your dream home!

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