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From Buying Land to Building Home: 5 Mistakes You Can't Afford to Make

29 Feb’24

Composed By: Vignesh Muthukumar

Building a house is in itself a dream project of many people. You have the power to design your dream home and build it just as you wish. Although exciting it is a very challenging project that needs meticulous research planning and execution. While building your own house any vacant room for mistakes can prove to be a hazard to you may it be structurally or financially. Also, if you want some luxury, then you can always find the most luxurious homes in Mumbai. Luxury homes for sale in Mumbai are a sign that you would always come across while dwelling in its streets.

Even though there are many, in this blog let’s check out 5 of the common mistakes that you can’t afford to make while building your house and also take a look at how you can counter them in your dream house project.

  1. Lack of Planning

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One of the Biggest mistakes that people make is not doing their homework. This includes research of the location and choice of land, design, and quality of materials, checking of market prices, and a lot more.

You have to conduct proper and thorough research while considering the technical aspects and finding the perfect plan suitable to your desires as well as your budget.

You need to consult experts and check in the suitable individuals that you would need to make your dream project come true. While planning, you can also give a thought about the luxurious homes in Mumbai, they may suit your taste and might then give you the dream home you were looking for.

  1. Lack of Agent

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Most people don’t trust agents and hence don’t consult with them. This can prove to be a big mistake as the real estate agent specializes in the land of your choice and striking a deal with him is the best way to find a land well suited to your tastes.

The Agents also have various connections which may assist you during times of need regarding your land. They can assist you with various aspects of your project and many times may prevent you from getting strangled with scams, frauds etc.

  1. Not having a Budget sheet

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Another common mistake that people make is not setting a fixed budget. Without a fixed budget, you may get carried out with the construction and may end up spending much more than is required.

You must have a detailed budget stating how much you can spend on what kind of commodity. By this, you can get an account of how much money is allocated to each part of the construction. You must also retain some emergency funds in case of unexpected mis-happenings.

  1. Cutting Corners on materials and labor

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While building from scratch, cheap may not always be the best when considering construction materials. The temptation is always high when it comes to saving money on materials and labor because you are already investing a lot, but this can result in a dropdown in construction quality. This can prove to be hazardous in the future as it may need heavy and costly repairs to fix those problems.

You must always invest in high-quality materials and quality laborers who can handle the house construction plan carefully. This will ensure the longevity of your house.

  1. Lack of Future Planning

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When building a house, you also have to consider long-term goals and needs. You have to give it a thought as to how the home or the land and surroundings will fulfill your future goals and how it may affect your lifestyle. You have to consider how it will affect your future experiences and whether its value will appreciate or depreciate over time. Also always make sure to design a flexible home that can adapt to changes as you would need them in the future.

Also, take into account the type of community and society that you will be living in so that you have a rather peaceful atmosphere where you can be at ease.

Conclusion

May it be these 5 mistakes or any smaller mistakes that you may have looked upon, it is always better to be cautious about it and rather avoid making any. Building his own home is a dream project of everyone, so while making your dream come true, you must take care of even bits and pieces so that you get a hassle-free life ahead while living in the comforts of your own home. Ensure your project goes as successful as you thought it to be and get yourself your source of joy and pride by completing your dream project.