Where to focus when building your dream home?
Feb 08, 2014
Source : The Economic Times


DELHI: Karan, a money-conscious individual, had managed to accumulate enough funds while working as a software engineer in Delhi and decided to invest them in his dream home. He was aware of the process related to purchasing a land and hiring a contractor. However, little did he know that constructing a home requires following a practical and scrutinized construction plan. The things did not go as per the plan and Karan had to settle down with an inferior and below par home.

Needless to say, constructing a home requires a lot of painstaking work for turning the dream into a reality. Building a residential place is a big undertaking and, probably, one of the most expensive investments that a person makes in their lifetime. As the amount of investment involved is huge, it is vital to tread in a deliberate and ingenious manner.

How to Plan?

Constructing a dream home requires framing a well-thought-out plan that includes every aspect that affects the overall building process. The process of getting the blueprints ready involves the following facets of home construction.

• Budget • Location • Quality vs. Price analysis • Construction Program (Dividing the total Sq. Ft. into smaller numbers allocated to different rooms required in the house) • Styling and Designing Quotient • Architect Selection • Construction Documentation

Areas Requiring Special Attention

For erecting a beautiful dwelling, equipped with all the essential requirements and spick and span features, it is essential to shift your focus towards some special areas.

The Monetary Budget: The task involves having a word with a professional architect and knowing the estimates of the entire home building project. Planning a budget for the new house also requires figuring out the funds you have and the amount you need in the form of a loan to accumulate the total sum required for construction.

Location: Remodels, redecoration and reconstruction can fix any minor/major deformities, but the location cannot be changed. Therefore, you need to collec every bit of information available about the location and get the best deal for your dream house.

Question of Style and Design: You can choose a term from among futuristic, minimalistic, fresh, simple, rustic, organic, urban, traditional, modern and classical that speaks for your budget and personal preferences.

What are the Most Critical Aspects?

Besides the special constructional aspects, there are some other critical things that you need to concentrate on when building your dream home.

Foundation: It is the main factor that determines the stability as well as the sturdiness of the home. Only if the foundation is made using high-quality robust materials, the home will turn out to be a resilient and valuable investment.

Spatial needs: Rooms like living room, kitchen and bedroom require more space as compared to the other rooms. Therefore, it is essential to make these rooms spacious to accommodate everything required.

Number of people: The construction blueprints also mentions the number of people that the new house will accommodate in order to achieve accurate results. Making a list of the required rooms according to the number of family members, functions and dividing their space accordingly would be a wise move.

How Estimates Go Up And How To Be Prepared?

While constructing a home, going beyond the postulated budget is a common instance. Whether it is in terms of purchasing more land, investing more in luxury items or an increase in the rates of construction material or labour, the estimates tend to go beyond the prescribed limit.

It is wise to be on the conservative side if your income is bound to increase at a slower pace as compared to the interest rates and current family expenses. Moreover, you need to explore the market, get some estimates and talk with industry professionals to gather complete knowledge about the financial aspect of construction.

How to Save Maximum Possible?

When the budget surpasses the predefined limits, there are some unpretentious suggestions that can confine you within your economical boundaries:

Hiring a well trained, professional and reputed architect would be useful in building a home within the budget, while keeping proper material management and resource utilisation in mind.

Simplicity is the key to saving money when constructing a new home. Hip designs and urbane styles may give warmth to the eyes, but can burn a big hole in your pocket. So, sticking to simple designs and shapes would make things easy on the pocket.

Utilising existing furnishings, fittings and fixtures in a tasteful manner will give an elegant and classy look to the home without surpassing the budget.

Quality Checks

The materials that are required for constructing a new home should be chosen carefully. Superior quality materials are hard-wearing and provide better adeptness than the lower quality products. Purchasing high quality materials may be expensive, but it is worth the quality that you will get over the years.

Constructing your dream home is a tricky task. However, making a point to follow the instructions of the architect and property consultants would help in keeping a track of the overall construction work and exploitation of resources as per the industry standards.







Latest Realty News

Indian economy to grow at 4.9 percent in 2013-14
Feb 08, 2014
DELHI: The Indian economy is expected to grow by 4.9 percent in the financial year ending March 31, 2014 as compared to 4.5 percent expansion recorded in the previous year, government data showed Friday.
Services sector contracts for 7th straight month: PMI
Feb 08, 2014
DELHI: In January, India’s services sector contracted for a seventh consecutive month, showed the HSBC Purchasing Managers’ Index (PMI).
Planned urban infrastructure key to growth in Delhi-NCR
Feb 08, 2014
DELHI: Investment inreal estate in the long term is always rewarding. Among all the asset classes, the long-term real returns from real estate are the highest. But for this, one must find out the right areas to invest. In the Delhi NCR, there are a number of pockets, where the return can be very good.
Is it sensible to buy resale flats?
Feb 08, 2014
DELHI: Rahul was tired of shifting flats due to the ever increasing rental rates in Delhi until he decided to invest his money in purchasing a resale flat. In addition to a hefty discount, the flat came readymade with an instant-shift tag. Rahul can now spend the saved money on the interior decor and can flaunt his cheap yet elegant home to his colleagues.
Tata Housing to invest Rs 300 cr on housing project in Chennai
Feb 08, 2014
DELHI: Tata Housing will invest Rs 300 crore on developing a new housing project near Chennai.The project 'Santorini', spread over 18 acres, comprises 1,000 housing units. Located on Chennai-Bangalore highway at Sriperumbudur, the project will be developed by its subsidiary Tata Value Homes Ltd.
Govt to launch Integrated Processing Development Scheme
Feb 07, 2014
DELHI: To address the environmental issues faced by textile processing units, the government will come out with a new Integrated Processing Development Scheme, Parliament was informed today.
Mixed land use policy to soon be implemented in Noida
Feb 07, 2014
DELHI: After an in principle approval of mixed land use policy for specific areas within industrial and residential sectors in November last year, Noida Authority on February 6 held a meeting with residents and entrepreneurs to discuss the issue.
Realty projects for mid-segment in Delhi-NCR
Feb 07, 2014
DELHI: Mohan Nagar in Ghaziabad is registering aggressive real estate activity owing to the affordable housing options that developers are providing here. Thousands of people who are denied a chance of owning a house in plush locations of the NCR like Delhi, Noida, and Gurgaon are seeking out projects in this area.
Affordable luxury and timely delivery woo customers to Raj Nagar Extension
Feb 07, 2014
DELHI: Located along NH-58-Ghaziabad-Meerut Road-Raj Nagar Extension is considered as one of most affordable realty hotspots for end users and investors.
SC okays revocation clause in land acquisition law
Feb 07, 2014
DELHI: In pursuance of this, 18 appeals were filed before the SC, invoking application of the clause. In all of these, five or more years had passed since the acquisition award under section 11 of the Land Acquisition Act, 1894, and the applicants/petitioners had refused to accept the compensation. Given the new rights in the legislation, allowing pending litigation to be reviewed and retrospectively annulled, these parties approached the SC.

Latest Realty News Of State

Realty Talk's