Preparing to build a new home for your family is one of the most exciting experiences of your life, especially if your family is young and this is the first house you've built. It's an overwhelming time, but be sure to understand as much as you can about building a house in 2017 as you begin the process.
Answers Vary by Location
The old adage regarding real estate is "location, location, location," and it's true even when you're constructing a new house. Housing, zoning and real estate laws all vary completely state-by-state, county-by-county and municipality-by-municipality. Cities alter zoning laws occasionally and both federal and state governments implement new housing laws with relative frequency, so understanding the laws relevant to where you are going to live is paramount. It's relatively easy to get in touch with cities for permits and more information about home building regulations.
Building a home is more complicated than buying one because instead of buying a house for one lump sum, you have to decide upon all the conjoining materials to get a final sum. This means you might have to perform a balancing act with different materials used in different parts of your new home in order to stay within budget. Choosing materials is largely up to personal preference and cost, but certain materials will continue to stay in favor (like granite countertops) while others are falling out of it (bamboo flooring, for example). It's important to hammer out a detailed plan with your builder ahead of time and have a budget set out, even if you're willing to go higher if need be. As for the general market, mortgage rates, home sales and prices are all expected to continue to rise, though where the market will go during the year is anyone's guess.
Be as Green as Possible
Building more energy-efficient and environmentally-friendly homes is a trend that has been gaining for over a decade and continues to do so into 2017. Choosing more energy-efficient options when building your home will pay off and be beneficial to you in the long run. Products available have also gotten better: for example, windows, no matter the style, have become more energy-efficient across the board. However, there are styles, such as picture windows, which do not open, that are better at keeping your new home sealed off from drafts. Other major green additions that have already or are slowly becoming more cost-effective include fluorescent light bulbs, solar panels and geothermal heating systems.
Do Keep Resale in Mind
As much as we don't like to think of our homes as investments, in reality, they are - one of the biggest you will make in your life. Be aware that trends in home design change. You should be able to get a good idea of what is "in" right now (at the moment, both open space (or at least the feeling of it) and built-in bars are desirable, and kitchen design is always important) during the process of selling your existing home. Another important thing to keep in mind is to not add so much to your new home that it ends up overpriced for the neighborhood - this could lead to problems selling later.
It's important to consult the professionals and do research on your own in order to know what you should when starting to build a new home. Hire a reputable builder and, if applicable, a real estate agent to sell your old home. Combined with your understanding and helpfulness, a builder like Abbotts’ Construction Services Inc. will be able to construct your dream home this coming year.