Building Your Dream Home: A Mix of Wisdom and Witty Mishaps
Your Done For You Checklist For Building Your Dream Home
Building your dream home should be an exciting chapter in your life. But let’s face it, navigating the process can also be a whirlwind of decisions and potential pitfalls. To help you avoid some of the common missteps I encountered during my own home-building journey eight years ago, I’ve compiled this guide filled with personal anecdotes, helpful tips, and valuable resources.
The National Association of Home Builders (NAHB) reports that the median sales price of new single-family homes in the United States reached $400,300 in the fourth quarter of 2023. While new home sales have slowed down slightly compared to the previous year, they remain above pre-pandemic levels. Additionally, first-time homebuyers continue to make up a significant portion of the market, highlighting the enduring dream of homeownership.
New Home Builds in the US are Down
source: tradingeconomics.com
30-year fixed-rate mortgages soared to 7.06%
source: tradingeconomics.com
What does it mean for my dream home?
Housing Prices have decreased making them slightly more affordable however, mortgage rates are extremely high.Â
So, if you are set on building your dream home, you should ensure you are getting what you want.Â
Construction Costs and Building Materials costs are also up significantly so before building consider my tips so you can save a lot of stress and heartache down the line.Â
7 Ways to Determine A Home's Architectural Style
Hawaii (0.30%), Alabama (0.37%), and Arizona (0.39%) have the lowest property tax percentages on average.Â
Click the Link to find out what your property taxes are in your state!
Review Your County's Development Plan and Look for the Comprehensive Plan.
Check out these before and after pictures of Hair that is impacted by Well Water.
Home Renovation Tips and Tricks:
Where to Spend the Money $$
- Structural elements: Prioritize the foundation, roof, electrical wiring, plumbing, and other core components that ensure the home’s safety and functionality.
- Essential features: Invest in high-quality kitchen appliances, essential bathroom fixtures, durable flooring, and a reliable HVAC system for everyday comfort and long-term use.
- Long-term value additions: Consider energy-efficient upgrades like insulation, smart home technology, or accessibility modifications that can increase your home’s value and appeal.
- Personalization: Once the essential elements are addressed, personalize your space with aesthetic finishes, built-in features, or outdoor landscaping that reflect your style and preferences.
