So You've Decided To Build Your Home - Now What?

Building your own house can be very appealing because it means you get to design the home you will live in for many years to come, but first home buyers who decide to do it may find themselves asking - now what?

Start by seeing a mortgage broker to help plan your budget. They can tell you your borrowing capacity and find a loan product that works best for you - certain loans are tailored for building and construction.

Once you know your how much you can spend, start looking for land. You will need to know the size and nature of the land you will be building on as well as zoning and building codes relevant to the area before you finalise your house design.

With a plot of land in mind you can then engage professionals to design and construct your house. If you like planning, this can be the really fun bit, as you get to choose literally everything about your new home.

You may decide to have an architect design a custom home from scratch or to take a stock design and modify certain parts to suit your wishes, making a room bigger here or adding a bathroom there.

Whichever way you go, by the time your design is set you will be ready to hire a builder and contractors and set a schedule for construction.

All you need to remember along the way is not to forget your budget!

To get more detailed information on your situation, talk to a Loan Market mortgage broker today.