Building an independent home that you call your own, is a dream come true for many. Even though you need to do a lot of painstaking work to make this dream a reality, you happily do it for the thrill of owning your own piece of land, building a structure as per your requirements, and helping design the architecture with your architect.
But how do you go about doing this if you are a first timer?
Step 1 : Acquire the Land
Step 2 : Design the House
You can choose an existing design or involve an architect to custom design the house for you. But you need to be willing to spend lot of time for reviews to finalize the design, because the redesigns are expensive and may not be possible in most cases. Unfortunately there are not many design services available for people with shoe-string budget, so be prepared to compromise on your designs.
Step 3 : Construct the Home
You need to select the good contractor as it the most important task in the whole project. A contractor is like a project manager. If the contractor is building a structure currently, visit the site and take a look around. You may get a fair idea about the quality of work, materials management, and resources utilization just by looking around the site and observing the labourers working on the site. Also you need to be actively involved in the construction activity and also supervise and track the expenses.
Bottomline is that Building your own home is certainly a herculean task. It requires hard work, passion, dedication, due diligence, meticulous planning and tracking of costs, and being aware of the changing prices of raw materials. However, once you complete your work and walk into your dream home, it is worth all that effort!
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_articlejdjdjdjddjRead more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
But how do you go about doing this if you are a first timer?
Why Should You Do This?
- Benefits
- Flexibility - You call the shots while paying attention to Design and Vastu. If you want a theme or a concept (e.g. A house with a mini pool in living room), which nobody offers in the Market then building your own way is the only option.
- Money Saver - Financial rewards of doing it yourself are huge. Villas from builders will cost 50% to 200% of the total price for building your own house.
- Private Location - Most homes from builders will be available in location crowded by people, if you want to live your life at a private location, then better you choose it yourself.
- Pains
- Labor Management - Toughest part of building your own is managing labor. Good builders do charge a premium but they have an established workforce to complete the constructions; in case of shortage they can move labor around from other projects to let the work continue.
- Supply Management - Lot of things from permits to supply can go wrong when building a house. Good builders know the permitting offices; they have suppliers; they know how to coordinate to eliminate or minimize the downtime.
- Quality Management - It is not easy to check the quality of your construction yourself. You have to spend painful hours checking things from foundation to slab to wall to flooring to fittings.
Step 1 : Acquire the Land
Buying land is the
first step. The individual has to find out a good locality to acquire
land to build his or her house. While finding the right locality is a
tough task, the tougher task is clear documentation. Let�s look at some
of the important points users need to focus on while buying a piece of
land.
Title deed � Title deed is a document which details the owner name of
the property. Make sure that you have gone through the title deed with a
trusted lawyer and the deed is clear. You must get the original deed
for study.
Encumbrance certificate � You should ask for encumbrance certificate
preferably for the last 30 years. This certifies that the property is
not under any legal dispute.
Ownership structure � You should look at the ownership structure of the
property. If this is owned by 2 or more people, make sure that all of
them have cleared the transaction.
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
You have to find out a good location to acquire land to build your house. While finding the right locality is a tough task, the tougher task is clear documentation. You need to verify Title deed, Encumbrance certificate and Ownership structure. To avoid all this, you are advised to buy a plot from plotted development from Builders, if you are in Bangalore, you can consider options from CMRS Group such as "The Element" at Whitefield, "Ojus" at Hoskote or "Verdance" at Malur etc; depending on what your preferences are.Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Buying land is the
first step. The individual has to find out a good locality to acquire
land to build his or her house. While finding the right locality is a
tough task, the tougher task is clear documentation. Let�s look at some
of the important points users need to focus on while buying a piece of
land.
Title deed � Title deed is a document which details the owner name of
the property. Make sure that you have gone through the title deed with a
trusted lawyer and the deed is clear. You must get the original deed
for study.
Encumbrance certificate � You should ask for encumbrance certificate
preferably for the last 30 years. This certifies that the property is
not under any legal dispute.
Ownership structure � You should look at the ownership structure of the
property. If this is owned by 2 or more people, make sure that all of
them have cleared the transaction.
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Buying land is the
first step. The individual has to find out a good locality to acquire
land to build his or her house. While finding the right locality is a
tough task, the tougher task is clear documentation. Let�s look at some
of the important points users need to focus on while buying a piece of
land.
Title deed � Title deed is a document which details the owner name of
the property. Make sure that you have gone through the title deed with a
trusted lawyer and the deed is clear. You must get the original deed
for study.
Encumbrance certificate � You should ask for encumbrance certificate
preferably for the last 30 years. This certifies that the property is
not under any legal dispute.
Ownership structure � You should look at the ownership structure of the
property. If this is owned by 2 or more people, make sure that all of
them have cleared the transaction.
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Step 2 : Design the House
You can choose an existing design or involve an architect to custom design the house for you. But you need to be willing to spend lot of time for reviews to finalize the design, because the redesigns are expensive and may not be possible in most cases. Unfortunately there are not many design services available for people with shoe-string budget, so be prepared to compromise on your designs.
Step 3 : Construct the Home
You need to select the good contractor as it the most important task in the whole project. A contractor is like a project manager. If the contractor is building a structure currently, visit the site and take a look around. You may get a fair idea about the quality of work, materials management, and resources utilization just by looking around the site and observing the labourers working on the site. Also you need to be actively involved in the construction activity and also supervise and track the expenses.
Bottomline is that Building your own home is certainly a herculean task. It requires hard work, passion, dedication, due diligence, meticulous planning and tracking of costs, and being aware of the changing prices of raw materials. However, once you complete your work and walk into your dream home, it is worth all that effort!
For any property guidance, free legal advice and any other assistance while buying a property, feel free to call at +91-7676-122-000 or send an mail to info@cmrsproperties.com
ccccc
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Building your own
independent home is a dream that many of us want to do. The thrill of
owning your own piece of land, building a structure as per your
requirements, and helping design the architecture with your architecture
friend sounds very attractive.
Of course it goes without saying that a lot of painstaking work needs to
be accomplished to make this dream a reality. Building your dream home
consists of two major steps. The first is acquiring the land in a good
locality and second is getting the contractor and building the house.
Both steps require due diligence on exhaustive details and careful
planning.
Building your own
independent home is a dream that many of us want to do. The thrill of
owning your own piece of land, building a structure as per your
requirements, and helping design the architecture with your architecture
friend sounds very attractive.
Of course it goes without saying that a lot of painstaking work needs to
be accomplished to make this dream a reality. Building your dream home
consists of two major steps. The first is acquiring the land in a good
locality and second is getting the contractor and building the house.
Both steps require due diligence on exhaustive details and careful
planning.
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
jdjdjdjdjdjdjdndndBuilding your own
independent home is a dream that many of us want to do. The thrill of
owning your own piece of land, building a structure as per your
requirements, and helping design the architecture with your architecture
friend sounds very attractive.
Of course it goes without saying that a lot of painstaking work needs to
be accomplished to make this dream a reality. Building your dream home
consists of two major steps. The first is acquiring the land in a good
locality and second is getting the contractor and building the house.
Both steps require due diligence on exhaustive details and careful
planning.Building your own independent home is a dream that many of us want to do. The thrill of owning your own piece of land, building a structure as per your requirements, and helping design the architecture with your architecture friend sounds very attractive. Of course it goes without saying that a lot of painstaking work needs to be accomplished to make this dream a reality. Building your dream home consists of two major steps. The first is acquiring the land in a good locality and second is getting the contractor and building the house. Both steps require due diligence on exhaustive details and careful planning.
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_articleBuilding your own
independent home is a dream that many of us want to do. The thrill of
owning your own piece of land, building a structure as per your
requirements, and helping design the architecture with your architecture
friend sounds very attractive.
Of course it goes without saying that a lot of painstaking work needs to
be accomplished to make this dream a reality. Building your dream home
consists of two major steps. The first is acquiring the land in a good
locality and second is getting the contractor and building the house.
Both steps require due diligence on exhaustive details and careful
planning.Building your own
independent home is a dream that many of us want to do. The thrill of
owning your own piece of land, building a structure as per your
requirements, and helping design the architecture with your architecture
friend sounds very attractive.
Of course it goes without saying that a lot of painstaking work needs to
be accomplished to make this dream a reality. Building your dream home
consists of two major steps. The first is acquiring the land in a good
locality and second is getting the contractor and building the house.
Both steps require due diligence on exhaustive details and careful
planning.Building your own independent home is a dream that many of us want to do. The thrill of owning your own piece of land, building a structure as per your requirements, and helping design the architecture with your architecture friend sounds very attractive. Of course it goes without saying that a lot of painstaking work needs to be accomplished to make this dream a reality. Building your dream home consists of two major steps. The first is acquiring the land in a good locality and second is getting the contractor and building the house. Both steps require due diligence on exhaustive details and careful planning.Read more at: http://www.moneycontrol.com/news/real-estate/building-your-own-house-points-to-ponder_658237.html?utm_source=ref_article
Comments