Everyone has their own concept of how their dream home should look like. For some, it is an apartment in the heart of the city. Others may dream about cottage on the riverside or a luxurious mansion isolated in the countryside. Building a house is a challenging work both in financial and planning aspects. The ultimate objective of a dream house is that it should fulfill your unique needs and wishes. There are so many things to be considered while building a house. This article will help you in identifying all those factors. Construction of a house has two stages pre-construction and post-construction. Bellow given points indicates the factors to be considered in the pre-construction stage.
Before you plan the structure of your dream house, you need to find a perfect site which suits for your dream house. While buying the site you should consider the factors such as price of land, surrounding areas, transport facility, hospitals, schools, buildings nearby, other important locations nearby, etc.
Deciding on the space/area required is an important task in the process of building a house. This will be closely related to the plan of your dream house. All kind of dream home will require a certain number of rooms and amenities it is based on the number of people will be living in the house. While deciding how much space you require, you have to consider the factors such as; number of bed rooms required, size of kitchen, dining area, balcony, courtyard, etc.
All the architect/ engineers may not be having the skill to build house in the exact way that you desire. A precious handful of people have the right skills to design and build a dream house. Talk to a number of architects/ engineers, give them your basic plans, and ask them to come up with precise designs for your house. After finalizing the plan approach a contractor for completing the construction. Interior designers can help you in designing the interiors.
Never start building your house until you are happy with the plan and your team is pleased that it can be safely implemented within the chosen time frame. Always consider the suggestions and opinions of designers and engineers. Have a nice relation with the construction team; this will help you in meeting all the specifications you need.
All the above mentioned steps are commonly done by people those who are constructing a house. But there is an area where people don’t give much concentration. We have already mentioned that there are two stages in the construction of a house such as pre-construction and post construction. 70% of the people are concentrating only on the pre-construction part. They think that once if the construction is done all their responsibilities are over. They won’t consider the contingencies that might occur in future. Home Insurance plays a very important role in meeting the future contingencies related to a house. There are different factors that can cause defect to your house such as; fire, earthquake, lightning, etc.
Home insurance is a contract between an insurance company and the owner of the home to cover certain types of damage to the property and its contents, theft of personal possessions, etc. This is most important form of insurance after Life insurance because people generally make their biggest investment in home. It is not just about money but also about emotional attachment to the property. Therefore, it is extremely important for people to protect their home and its belongings from loss or destruction by taking up home insurance.
Home insurance covers the structure of the house. If the walls and other structure of your house are damaged then a home insurance policy recompensates you for this loss.
It does not matter where you stay (which location) since home insurance covers only the structure of the house. You can also take a content insurance policy to insure yourself against the loss due to the theft of the possessions in your home.
Following are the major risks covered under a home insurance plan.
There are a number of home insurance products in the market. Choosing the best one among them for cheap price is a challenging job. We have given some tips below that will help you in reducing the home insurance rates.
Mr C.S.Sudheer is a management graduate. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of IndianMoney.com. He aims to build a nation that is financially literate with investment savvy citizens.
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