As a kid, we used to tell our own stories of living in our dream houses someday. There were times that we bragged about living in a castle, in a 6-storey building with a refrigerator full of candies, and we may even add a nipa hut under a mango tree and a swimming pool. Our imagination and creativity back then has always left us an impact on the choices that we make every day. After years of hard work, you find herself today looking for walkthroughs to finally start your dream home.
Just as we thought that building a home is as easy as we dream of it, we are clueless of where to begin the whole process with. “What do I really want?” “Whom should I seek for help?” “How much should I save or apply for loan?” Probably, you are loaded with all these questions. That’s why you’re here. Building a home is a journey of self-discovery, series of trial and error, and a quest of accomplishing a huge step in life.
These whereabouts lead us to educating ourselves. We are doubtful of being practical for we thought it may hinder us from the success of your plans, and vice versa. I know you are still puzzled with everything that you look forward to, so here are 5 Major Steps to Start Building a Dream Home or
Business Establishments, let us reap the fruit of your labor!
1. Know your Goals
Figure out what you really want. Do you prefer a bungalow for a more intimate home with your future family? Do you consider living in mansion where you can drink your wine in a bath tub all day? Whatever you decide, look for inspiration. Browse through architectural magazines, stalk your celebrity idols on Instagram, save pins from Pinterest, and surf the internet for ideas.
Your plans should be realistic and accurate. If you are now certain of what type of home that you want, evaluate yourself. Define your needs, wants and must haves. Consider simplicity and luxury, space saving items, pieces of furniture you’d like to add to your rooms, and the mood you would like to set in your home. Are you a minimalist? A maximalist? A toy collector? A bookworm? Get inspiration from your hobbies. This is will help you to decide whether your idea is worth building or not.
Make a list of pros and cons. It will make you recognize more vivid details on your plan. Remember that each item on your list should be grouped according to its categories. In this way, you will be able to track your expenses and have a proper allocation of funds for the “line items.”
It is very tricky to come up with the exact construction cost to build a house. Each
construction varies on materials that will be used and the type of house that would be built. It is best to give your budget outright or house design fees and processing fees for building permit so that the architect or construction firm can come up to a plan and design that would fit your budget.
You can give your architect the detailed specifications on how you want your home to look and feel like, including number of floor levels, number of rooms, desired space and size, and of course, design. Look for the best loan options and begin with what you can afford. The costs depend on how big your house is. In the Philippines, the cost of constructing a house ranges from PHP20,000 to PHP 30,000 per square meter.
Some expenses that you might want to consider are:
- Lot purchase including taxes and legal fees
- Permits, approvals, and inspections
- Utility connections like power, water, sewer, gas and communications
- Frameworks including floors, walls, and roof
- Service costs including insurance, payments builders’ fees and storage
Consider the importance of building plans to save money. Keep in mind that planning saves money and the best and most-cost effective plan is to look for the right people who would help you estimate the costs and handle your budget.
A perfect location for both house and business depend on a person’s preferences and the goal of building it. While most houses were built within a city for a more centralized lifestyle, living in a rural community provides a cheaper more peaceful surrounding. A truly great neighborhood has a few key factors: accessibility, appearance, and amenities – which all should be considered when choosing your location.
Before deciding, have your checklist on what to consider such as:
- Is it prone to flooding
- Is it within a subdivision or a gated community
- How is the water supply?
- Are there informal settlements in the area?
- Are there neighbors conducting any business that can affect the peacefulness of the place?
- Is it near to convenient stores?
- Does it have an easy access to roads and/or public transportation?
- Does it have a low crime rate?
- Are there schools and hospitals nearby?
Finally, research the area of your desired location. Walk through the neighborhood few times a day so you could look around and spot possible situations that you may encounter or that may affect the value of your home. If you are still troubled, get an expert’s advice before building.
Hiring the perfect team to build your dream home is the key to achieve what you have envisioned. Now that you are done researching, getting inspiration, ticking of your checklists, estimating the costs and expenses, choosing the best location, created your preferred designs, it is the time to pass all your specifications to trained professionals.
Who works together for a team?
- house plan designer,
- material suppliers
- land financial institute
- landscape architect
- interior designer
- and many more professional creatives who serve as a guide towards choosing the best for your home
What should I consider in choosing the people who would work for me?
- Make sure they are experienced
- Check their previous projects
- Conduct an interview
- Visit their social media handle
- Have a meeting
- Settle for a good offer for construction
If you are having a trouble choosing between hiring a construction firm or hire architects and engineers individually, remember that the company you will choose to build your home is a key decision. This firm will be responsible for every phase and stages of design and construction of your dream home. They will select and manage all of the remaining works needed. Experienced builders can provide cost analysis and suggest possible alternatives.
You have now made your own plans, accomplished permits, secured your budget, and chose a team; the only thing left to do is to build your dream house! However, mistakes and mishaps might occur during the span of construction and can be avoided. If this happens, remember that you should stay calm and keep your trust on your decisions. In the middle of the process, you might come up to a new idea and discover and innovation. Stick to your plans – every new decision will bring you to newer expenses.
Expect delays and setbacks because even the weather can restrict your timeline. Some situations can lead to misunderstandings between you and the team or can exist in the team if the instructions that you give is unclear. Learn to communicate. The trained professionals that you are working with are knowledgeable and are great listeners.
Attend meetings, conduct daily or a weekly visit on the site, and send your team a message online to keep track of the progress. In this way, you will able to record the transaction, look at the invoices, and manage the costs. Construction, renovation, and remodeling is a complex task. Look forward to the day that construction is completed and the time that you will move to your new home from your hard-earned money.
Whether you stick on your childhood dream and built a castle, a 6-storey building with a refrigerator full of candies, or may even added a nipa hut under a mango tree and a swimming pool. All of this happened because of you. Enjoy your home, grow your newly established business, and live the life you always dreamed of!
Have you ever thought about building your dream house? Home ownership is something that most people dream of. It is a goal that can be fulfilled for a long term. You know exactly what you need and want to have, but have you thought about what you do not want and what you do not need? Have
you really discussed the whole thing through? You have given much consideration to what will work for you, but have you taken the time to think about what won’t work?
After dream houses are completely constructed it is usual that some were not built accordingly to all the plan that had been set before the construction. And many of those who have just completed the construction of their dream houses often regret saying that if they get one more chance to build a house, they would do it perfectly well by rectifying the errors.
Mistakes are something that we cannot escape in everything that we are doing. Residential houses and some establishments must not only comply to have aesthetically features but also comply to avoid mistakes. If you are wondering what are the possible mistakes you may commit on the construction process, here are some of what you need to avoid in building a dream home or establishment:
Having enough and good budget can make your plan safer and successful. It is important to establish better budget when building a home. The budget should include a slush fund that takes into consideration of possible and even impossible circumstances and overages, because even with the best-intentioned bid, incidentals will likely still come up. It is the most essential factor and it is not the same budget that you think you are spending for a month or in your everyday life.
Poor budgeting is one of the common mistakes that is committed in every field of construction.
Failing to come up in comprehensive budget is a surefire way to having a house built with substandard products and workmanship or on that comes in massively per what you expected. The common rates per square meter in Metro, Manila, Philippines is Php20,000 per square meter to Php30,000 per square meter. Settle in between these numbers. Go Php25,000 per square meter or higher for it is neither too cheap nor too expensive. The same goes for locations outside the metro. Why choose a pricing between these rates? Lot areas that are way too
cheap might be located at places with safety issues such as weather patterns, criminal rate, and natural calamities. Higher priced locations, although might cost you some more, will be able to provide a great environment and also the best cost for building you dream home.
Before agreeing to any terms and agreement, make sure that you have an idea of what you want from your custom home or establishment . Then do a bit of research and determine how much it is going to cost in choosing high-quality materials. Consider safety first in picking standard and top quality materials and equipment. Avoid this mistake of having not enough budget to refrain yourself from errors that can lead to more destructive and harmful results in your plan.
Consider applying for a construction loan with the help of construction firm. The right firm has their own collection of project proposals that includes a construction loan for your dream house and lot.
TAKING ON TOO MUCH RESPONSIBILITY
You probably feel so much excitement that you insist to be involved in every step or you think that in every decision that is made, you are the one who is always right. To make it clear, not all you want is right and not all you think is good. Well, to some degree you would be right.
However, do not take it too much. A general contractor works with the architects and builders throughout the entire process to turn your dream into reality. Their plans are much better than what you think that you have in your mind. In reality, not all things in your mind can be done. Professionals are the one who guide you about your ideas and wants. In some cases, you would think that all the things you want to be done in your dream house are possible.
It is not that easy like you are dreaming. There are proper placement and rules that are needed to be followed. It is the responsibility of the designer and builders to make sure that they meet your satisfaction and
expectation. It is also their task to know your ideas and make it happen. Do not take all the responsibility in building your dream, all you need is to trust and share all the ideas that you want to achieve.
HIRING AN ARCHITECT OR ENGINEER INDIVIDUALLY
On that note, you are going to want a crew that you get along with and that includes looking for an architect an engineer. Both of these professions have their own roles and responsibilities and it varies depending on their fields. But how can an individually hired architect and engineer who are in the different sides of a coin be able to work collaborate best in the same project? Simple, if they work in the same company.
One of the reasons why these two professions meddle with each other is because architecture is so creative and flexible while as engineering is described for being rigid and concise. An architect works to achieve the desired form and mass composition of a particular project. On the other hand, engineers are driven by their formulas and safety factors which always discourage the architect to achieve his visions.
Having the same goal of completing a successful project but different procedures and motivations as an individual, both of the extremes will most likely to end up having conflicts. But imagine if these two professions work under the same firm, with the same vision and mission, stand up with one standard, and work together in one building process. For sure, their collaboration would work better since their relationship has been established from their previous projects. After all, who would not settle for a conflict-free workplace?
CONFLICTS THAT OCCUR WHEN HIRING PROFESSIONALS INDIVIDUALLY
1. Contractor runaway with unfinished projects.
When hiring a professional or construction firm, it is important to have a legally binding document between the two parties. This document, if ever such situation arises, will be reviewed by a lawyer and may lead to small claims courts. To exempt yourself from a contractor who does not finish his job because his “contract is over”, you should consider hiring a construction firm who will ensure
their credibility as a company.
2. Unfinished projects due to conflict or misunderstanding of architects and engineer. Every architect and engineer has their own styles and fortes on construction. For sure, when hired individually, will do the best of their jobs to satisfy their clients. However, when working together, especially those who will work in collaboration for the first time might experience misunderstandings.
Hiring a construction firm that has the same goal, vision and mission will most likely work together in unity.
3. Non-licensed contractor are cheap but risky.
What does being a “licensed” contractor mean? If a contractor is licensed, it means that they have a legitimate claim to be a professional in their industry. Once a contractor has claimed a license, it proves that they have met a standard and to maintain that standard in the industry to uphold their license. A future house owner who will hire a non-licensed contractor should assume the risk in the
quality of work and for legal and financial consequences.
4. Thinking that architect or engineer alone is enough to give the best result.
Same as what is written above, educate yourself by researching why hiring a construction firms are better than individual professionals.
Whether we like it or not, challenges during home construction are inevitable. The best way to manage and handle possible situations is by refraining yourself from committing mistakes. Start by hiring the right construction firm that will guide you throughout the project and expect the best results.
If you have an image in mind of how your dream home would look, and if you are set on turning that dream property into your actual home, you will want to know how to go about it. The only trouble is most of us have limited knowledge on learning how to organize a successful construction project. And as we all know, every family has their own dream house, a place where they can envision the future with their love ones and to experience the comfort of a place that they can truly call as home. Like as always, we have here a list of helpful tips to make your dreams come true.
1. Create a budget
Include everything that will go into the project: the cost of the lot, fees, taxes, design, and engineering fees for the constructions and as well as pieces of furniture you would like to adding to your house and landscaping.
Working out an estimated cost for the entire budget will take a lot of research, and you will need to talk to a fair few different people to gather opinions and quotes, but once you have got a rough figure in mind, you will be able to start budgeting.
When you are considering to purchase new home, make sure that your finances are in order and you have an appropriate price range. If you start looking at houses that are above your ability to buy, compare everything to that expensive house that you can never attain. Believe me, this action will only make you feel sad.
2. Assemble a team
Looking for professionals specializing in construction and home design is the best approach. Get yourself a reputable architect, designer and builder, or hire a construction firm! Not only they will help you make your dream home come true, but they will also help you with professional advice to help you along your most-waited journey.
When hiring a construction firm, choose one who you get on with, one that you think will be reliable and dedicated, as you will be working with them for a fair amount of time. Need a little more help on choosing between a construction firm or individually hired architects and engineers? Try reading this article so you can decide.
You will also need to work with plumbers and electricians to get your home in full working order. But with every tradesman you hire, make sure they have a good reputation and previous experience. There are plenty of sites offering client testimonials and recommendations, so choose your team based on reputability, rather than just going with those offer the lowest rates.
Now you have your team by your side, you can now fully entrust them and give all your thoughts, ideas, and preferences, and it up to them to give you proper advice for that dream house of yours. Just imagine that you are writing an essay in your work sheet or making a long checklist of what you want, and if you see an error, evaluate, ask for suggestions, and that is how your team will work on your building plan.
4. Permission to build
Budget, checked! Professionals, checked! Blueprints and plans, checked! Building permits, building permits? Now that you have all the resources and manpower to start your dream, have you checked for the proper documents needed to start your journey? The last thing that you want to happen is a half-finished project with the government chasing you behind with fees and penalties for your illegal action.
To apply for a building permit, first you need to contact the local government for the requirements, then proceed to the Office of the Building Official and submit the papers and head to the assessor’s office, then pay the necessary permit fees if approved and lastly, wait for a couple of days for the release of the much required building permits.
5. Let's get fancy!
Everything is settled, your team is now doing a great job and now for that special personal touch! This is the time that we need to get in along with the designer to plan for all the important details that you always planned and wanted from the start like the possible outcome of your lawn, the color or design of your roof, the design of both interiors and exterior of your dream and even help you visualize your soon to finish favorite room!
If you have additional requests and demands, make sure that it is applicable on your chosen location. If not, but you still want to go continue this idea, expect the unexpected.
Congratulations! In the end, you will be amazed how your new house is so much more than the sum of its bedrooms, living room, and so on. It is the place you get to call home and make uniquely yours, for your lifetime.
Planning or choosing the best cost for your dream home or building may take a while since you have to put a lot of things in consideration such as searching for the best place to start your dream project and professionals that will help your dream come true ! Not that we are trying to discourage you but these are real life problems that you will encounter and tackle along your journey , but worry not! We’re here to ebb off your problems with these helpful tips!
1. If you want a custom-home, you will need to hire an architect to design the home and prepare blueprints. The fee for this is anywhere from 5% to 15% of the construction cost of the home. If you can find a pre-existing design you want, you can save money and months of time compared to custom-design. Construction firms, aside that it provides a team to work for your project that will save you time from hiring architect individually , has their own collection of project proposals.
2. The average construction cost in Metro Manila, Philippines is Php20,000 per square meter to Php30,000 per square meter. To get the best results, it is suggested that you should go for Php25,000 per square meter and above. There is a base price per square foot that includes basic exterior and interior elements, but that price will increase should you prefer “top-of-the-line” or “premium” elements. Basic elements does not include items like driveways, landscaping, and garage finishes. Make sure you understand what is and what is not included on the estimate that you builder will provide.
3. Invest and save by purchasing a safe location for your home. Hire a construction firm that will provide you and your family a safe shelter. Choose a location that is not located at high risk areas like faultlines, volcanic areas, and flood plain. Make sure that you are working with a construction firm that does more than just building and earning. Choose a firm that aims to help people and cares about the value of the hard-earned money of their clients to get the most of their dream houses.
4. Do you have a budget for construction? If yes, secure a complete Building House Plan from your preferred firm or choose the right firm who will help you apply for a construction loan that will include the purchasing of house and lot in their available projects.
5. Secondhand house? If you want to go for a classic look for your building, might as well ask for a professional help for the best renovation services to maintain the house you would like to preserve. Hire a construction firm that offers new construction, renovation, and architectural design and let them guide you throughout your decision-making process.
6. Local and city governments will require that you have permits to build or install the various systems and items on your home. Is there a need for demolition on the plot? A permit is needed. Are you planning to build a pool? A permit is needed too and the list goes on. Prices vary for each permit and it is up to you, with assistance of your team, to acquire and comply the required.
7. Planning is everything! Always monitor your construction allowance to make sure that you are getting what you asked for. Stick to the original plan and never settle for a cheaper alternative material that you never agreed in the first place. Ask the construction firm that you are working with and they will be even more excited to work you.
8. Let’s say you have already accomplished purchasing a land. By this time, you will now owe real estate taxes. Ascertain that your builder any subcontractors they employ have their own insurance in case someone gets injured on the job. Hire a firm that has transparent list of their workers so you will be able to evaluate their experiences on their fields.
9. It can take anywhere between eight to twelve months or even years from the time you purchase a lot, research the design of your home, establish your budget, and start queries to professionals and reputable home builders, to the time you finalize your choices, securing funds, have blueprints made, have the house built and lastly, to move in. Remember to stay patient and track all the expenses. Communicate with your team.
10. You have to choose wisely for the best home builders for this will determine the whole construction process of your dream home. Try researching and reading some articles on how to choose the right construction firm to work on your project. It will give you a thorough guide in order to find the best time to partner with. Always remember that you will be working for months with the builders so maintaining good relations and communication with the professionals is vital for things to work out like how you have envisioned it. The whole process is an intricate one since you will be involved in a couple or more entities for the whole duration of the process.
What is a construction firm?
A construction firm is a type of business established to construct houses, buildings, developments, and other types of projects. It is a company of licensed professionals and trained workers such as architects and engineers. Aside from ensured professionalism in their scope of work, here are many reasons why hiring a construction firm is far better than hiring architects and engineers individually. Now that you are decided and still looking for the company that would work for you. You are in the right place.
How to find the right construction firm
1. Choose as early as you can.
Without the proper knowledge and assessment of the construction firm that you will choose, you might end up in situations where your construction or renovation project would cost twice as much as you thought. However, this particular circumstance might be avoided if you will be able to hire the right construction firm.
The success of a project will only be achieved if the three stakeholders will collaborate. This includes: you, as a homeowner who will provide a direct instruction based on your needs, want, must haves, priorities, requests, specification, and preferences, the architect who is responsible to develop a design based on your desires, and lastly, a builder who is in charge to bring expertise on the whole process, may it be from the budget, schedule, worker salary, and alternatives.
This proper recognition and understanding of tasks can improve communication, reduce misunderstandings, and will result to a more successful project.
2. Right Questions for the Right Construction Firm
How would you know that you are making a right decision to hire if you know nothing about the construction firm? Well, you got to ask questions.
At first, you must question yourself to come up with a realistic expectation:
- How do you plan to live in the home?
- Are you considering to live in full time or part time?
- Do you see yourself selling the house in the years ahead?
- What are you anticipating or looking forward to during the process?
- How frequent will you be at the site to check on the construction?
- What are your concerns?
Given the following questions, you should consider the construction firm you are hiring to get the information that you need to know:
- Are they classified as licensed professionals?
- Do they have records of their past projects?
- What are their vision and mission?
- How long are they working individually/as a company?
- How do they differ themselves from the other existing firms?
- Have they encountered an issue or crisis? How did they handle them?
Along with this whole process of interview and conversation, you will also learn a lot from the construction firm itself. Which brings you to being able to understand and evaluate their demonstration of interest. It will be an indicator if you would like to work and collaborate in the future partnership.
3. Confirm your conclusions
Why does confirming conclusions matter?
There a lot of construction firms that you could work with and it is your own responsibility to identify if you are going to be comfortable and relieved if you are working with them. You may conduct site visits where in you check the firm’s completed and on-going projects - may it be online or not. In this process, you will be able to meet the workers and will be able to observe how they comply with their own tasks.
Spend time browsing through the construction firm’s website and social media handles.
Consider if they have the following pages present:
- A summary of the firm’s story
- What they do as a company of licensed professionals
- The building process
- Their cause
- Mission and Vision
- Completed, ongoing, and proposed projects
- Services offered
- List of every worker on the team
Make sure that these benefits are present in their services
- Has ready-made projects
One thing that you can take advantage from a construction firm is that they have available house designs that you can choose from their project proposals. So in case that you have not made up your mind yet, you will be able to browse through their house plans and choose depending on your preference. But if you consider planning on yourself to fully customize your home, learn the 5 Major Steps to Start Building a Dream Home or Business Establishments.
- Stable relationship
They should have a reputation built over the years and thus hiring this construction firm gives you a real deal. They, therefore, have a vast network of trusted contractors and tradesmen. Finding contractors whom you can trust can be challenging to you. You might as well consider researching first.
- Better price and quality materials
Construction firms mostly have their source of high-quality materials which they purchase at more favorable prices than retail. And as we all know, you cannot easily find such quality materials at low prices. A contractor will enable you to cut the construction costs in the long run. Moreover, they can guarantee the quality of materials they choose for all the aspect of the construction.
"Building plans? Who needs building plans when I know exactly what to do and what I want?" "Hiring an architect will only cost me tons of money." These are just a couple of answers we get when asking people if they knew the importance of having a building plan.
Having your own building plan is not as bad as it may seem and can be easily done by your old reliable friendly neighborhood "kapitbahay", not Spiderman, and no pun intended – the most go-to when it comes to fixing or building an establishment. From roofing down to plumbing, sure, they can do it all. As handy as they can be, there are some quirks that needs to be addressed by a professional.
Having a professional to check on your plans is way better, not only they studied and specialized on their fields, but they are also capable to iron out any quirks and faults in your house plan or design. As house designs become more complex there is also a need to properly detail any special features which are noted on your plans or elevations. This will give a builder an understanding of what your designer wishes to achieve with a particular building element.
Yes, it is true that hiring an architect, engineer or a construction firm to make you a building plan will cost you thousands of pesos. But let me ask you this, are you willing to let your hundreds of thousands or even millions worth of investment go to waste for some mistake because "on the site building plan" during the construction? Would you allow yourself to shed off thousands of pesos just to fix that mistake? I guess not.
Building plans are important because they give the builders a bird's-eye view of the ongoing construction. They help visualize what the end result will be like, so that you can evaluate ahead of time and make revisions if needed. This plan would also help you and the builders to turn your ideas to a visual representation for them to easily understand what you really want. Most importantly, you can plan ahead of time for the furniture and some other specification that you will add since you already have a building plan that is just waiting to be completed!
Hiring a good construction firm is the best way to ensure a great start for a good building plan. They are not professionals for nothing right? To have a company who has years of experience on building quality homes, commercial buildings and even high rises will definitely put you and your pockets at ease.
Below is a list of reasons why a new homeowner should consider building plans:
Plans can be used for processing building permits
A Building Permit is a formal document issued in accordance to the National Building Code of the Philippines and its Implementing Rules and Regulations. It is given by the building official or the government agency to an applicant as an authorization to proceed with the construction and renovation of a building project at a particular site with the approval of the drawings, plans, specifications, and other document.
Plans can be used to get permits if you wish your house or establishment to be rented
Looking for a steady source of income with a minimal time to spend? You might want to consider having your house rented if you will only occupy it part-time. One benefit of having a building plan is it serves as a requirement to obtain a renting permit. It should be registered with the Department of Trade and Industry (DTI) if you will be the sole owner of the property or with the Securities Exchange Commission if you plan to be a corporation. For sure, your hired construction firm will guide on this step!
For future means to sell the property, it requires a building plan if you go on legal processing
Providing a building plan is all part of the visualization process agents need to use to get potential buyer’s attention. With the help of a construction firm, your building plan can help to present a property to the potential buyer: it will make them understand that the property is in the good condition, has a maximized space, and located in a serene and safe environment.
Building plans will be used to map how to renovate or remodel the house or property
In renovation and property remodeling, selecting professionals usually start with an –in-person meeting. This is your opportunity to understand the services what each firm offers and make sure that they match up with your expectations.
Your finished building plan cannot tell you everything about a property. It does not account for lighting, decorations or colors, but it is a significant start. Educate yourself with the best knowledge and understanding. Keep in mind that the ability to create and read a building plan will help you make an informed decision about your future home.
If you are considering building a new home, take all the time that you have to review, research, compare, and evaluate your plans. For further information about buying a building plan or if you are interested on looking for existing project designs, browse through the blogs posted in Instabuild.ph’s blog section.
As you dream to have a home or business establishment, you have a few options you'd like to jump into — among those choices are buying an existing property or building a new one.
Owning a property is one of the best gift to ourselves and to our loved ones. We all have that dream design in our heads but we have no clear ideas how to start having it.
Sometimes we gave up that dream and just jump into buying an existing property. We've been there before and we know that feeling of seeing no other options.
Learn how to get that dream home or dream establishment of yours in the best and easy way. So before you give up on your dreams, read carefully this very useful article.
The advantages of building a new one:
1. Own Architectural Design
If you care about having creative control over many of the exterior and interior features of your home/project, including the floor plan, countertops, cabinets, backsplash, flooring, etc., it might make more sense for you to build a brand-new home/project.
Building a brand-new home/project to your exact specifications may sound like a dream come true. Well, it is!
2. Cheaper but higher quality
It's possible to modify an existing property, but that can often translate into an involved property improvement project, which might prolong your move-in timeline. It also means more money. HomeAdvisor says the average cost to remodel multiple rooms is Php1,800,000.
Keep in mind you'll likely have older materials in an existing property to contend with, versus a brand-new set in a project. Overall, you should expect that your maintenance costs in an existing property could add up much more quickly.
In other aspect you can also buy a brand-new property from a real estate company but will surely cost you double.
Aside from having similar designs with other buyers, you will likely get low building quality since you don't know what kind of materials they'd use in it. You also don't have any ideas how cheap these materials are.
3. Best quality & updated building standards
Ofcourse you still think of your safety during unexpected calamities like earthquake, that's why you need a 15 years structural warranty. To ensure the best building quality of your home/project, a contractor you need is the ones who uses the updated construction building codes & standards
4. Better efficiency saves money
The big advantage is you are much more likely to get exactly what you want. For many, this factor alone is enough to choose to build over buying, but there are other advantages too. A new home/project is more efficient, especially with the new energy codes including better HVAC [heating, ventilation, and cooling], insulation and air filtration standards. Better efficiency is good for the environment and can save you money on your utility bills each month.
5. You can ensure that your new home/project has not used toxic materials
A new home/project may literally be better for you. A new home/project is less likely to have the health concerns or toxic materials of an older home – things such as asbestos, lead paint, mold, etc., and it can be built with certain materials making it better for the environment. Green appliances/Energy Star rated appliances, and more efficient toilets, plumbing fixtures, and electrical fixtures allow you to build "green" for a more sustainable home/project in the long run. And you have the option to install, sleeve and/or wire for future technology upgrades, such as home/project automation.
6. Satisfaction of your needs
Building a new home/project can lead to a level of satisfaction that you can't achieve through buying an existing property. There is a definite feeling of an emotional connection to living in a new home/project that you have created. The new-home smell, no one else has stepped foot (or pets) on your carpet. This is your creation that matches your style and personality, that you created from scratch.
7. You choose the best location
The choice is always yours! Not only the comfort of your own style but you can also choose the comfort of your location.
Finding the best location for your home/project is now very easy thru social media connections and other platforms.
8. Home and business construction loan
One of the main reasons why most of you are jumping into buying a real estate property is financial issue. As an average employee or business owner it's quiet hard for you to get big cash to finance your dream home or business establishment to be build. Sorry to burst your bubble but the truth is; It's not impossible to finance your dream project. The secret that most of you don't know is you can loan a cash from your banks. It's commonly called "Home Construction Loan" or "Business Construction Loan". The advantage of this is, you don't need any cash to start financing your dream project because, once the bank approved your loan application you now have the cash you need to start building your project. This best part is you don't need to break your piggy banks to pay the down payment needed for a real estate property. You don't need to do that since you can now use the money loaned from your bank to start immediately constructing your dream home or commercial project. Most banks offers 25 years of payment terms with 6-8% interest rate.
Get proper assistance from our loan experts partners with our Build Now Pay Later program.