FROM KEN'S DESK
by Ken Pieper
WHAT WILL BE MY TOTAL COST?
Last week, I approached the subject of how much the house that you have chosen will cost to build and I think the article touched on several of the major categories of consideration. Did I address all of the cost that will be accumulated during the complete process? No. There are many other items to consider when creating a true cost sheet analysis of the necessary items your home and land will require. That stated, let’s take the most positive approach here not to discourage ourselves to the point of not even trying to consider starting on this adventure.
Here is the most positive matrix of approaching this subject.
1). Establish the budget within your comfort range.
2). Approach your lender and qualify for the loan required if this is applicable.
3). Seek out the qualified builders that you feel can build the home you want.
4). Select the house plan that works for you.
5). Approach the selected Builders with the house plan and a list of exactly what exterior and interior finishes you want.
6). Include in your wish list all of the appliances, plumbing fixtures, and general lighting fixtures you require.
7). Designate on your selected house plan what and where the flooring materials will be.
8). Review exactly the extent of the landscape, hardscape and driveway plan and materials you will require.
9). Research all “ Soft Costs” with the builder listed below:
A. Structural Engineering
B. Soils Test Engineering
C: Surveying and Site Plan Production
D. Building Permits
E. On Site Inspections ie: Structural Engineer, Building Inspector
F. Landscape Designer, if applicable.
G. Interior Designer, if applicable.
“Let’s take the most positive approach here not to discourage ourselves to the point of not even trying to consider starting on this adventure.”
Again, these are most of the major concerns that will create the complete cost of the new home but there are others. Not that any one of these are of a large cost in the overall analysis, but must be considered carefully.
If you have questions or comments about this or any of my articles, please contact me. I thoroughly enjoy talking to my customers about their new adventure and the house they want to become their home.
Until next time enjoy the journey!