Although Iain Sharpe is a financial advisor, he has many other interests. If you ever notice home design publications on his coffee table at his home, there is a very good reason for this: he actually designed his own home himself.
According to Iain Sharpe, there is something romantic about taking the time to create something out of nothing and turning that into the home where you will live, raise your family, and grow old with the people that you love.
However, Iain Sharpe can also appreciate the fact that some people might believe that designing your own home is a bit on the intimidating side. Where do you start, who do you hire, and how do you budget for such an ambitious project?
Although every project will be a little different, Iain Sharpe can vouch that designing your own home is possible and will be well worth it once you are moved in. So what should you consider as you go through with the project?
Here are several things to keep in mind:
You Should Hire an Architect before You Purchase the Land: Although this won’t always be possible, it would be advantageous to find an architect first before you invest in a lot. Your architect will be able to tell you what works, what doesn’t, and whether or not your local municipality will approve the type of home that you want to build on the land. A good architect will be able to help you assess the advantages and disadvantages of a specific piece of land.
Understand that the Project Will Take a Significant Amount of Time: If you are looking for a home that you can move into within the year, you will need to rethink your timeline. Building a home from scratch is not a simple job, and it will require an architect, engineer, contractor, and more. And weather could affect your building schedule as well. Iain Sharpe says that you should expect to wait at least 18 months from choosing a site to moving into your home.
Take Significant Time to Assess Your Budget: As Iain Sharpe is a financial planner, the numbers were the easy part. However, if you are not good with numbers, you may need to hire someone to help you out as an accurate budget will allow you to choose bids from contractors and architects, understand what you can and can’t have in the design, and determine whether or not your project is on tract or needs to be reassessed.