To succeed in your construction project, you must calculate your budget. From the field to the garden, through the techniques, the formalities and the credit, we have detailed for you the points to take into account to avoid unpleasant surprises.
To build is to pay the land and the house. You will have to finance other expenses such as the connection to the networks (water, electricity, gas, etc.), the notary fees when buying the land, the demarcation or the possible soil study, the insurance and ancillary costs related to credit, landscaping of the garden …
A construction budget without unpleasant surprises: The candidate for construction must calculate his budget in a comprehensive way, taking into account all points of his project. It must also measure subsequent expenses, including those incurred by transportation and equipment of the house.” Remember after construction, life goes on and you must be able to finance the expenses of your household (children’s school, leisure, transport, local taxes, etc.).
Know the prices to borrow well. Calculating your overall budget gives you another advantage: you’ll get your home loan more easily. By knowing at your fingertips all the expenses to be incurred in the short, medium and long term, you show the bank that you are well aware of the costs incurred by the construction of a new house.
Credit: You will respect one of the basic rules to obtain good credit: to present a reliable profile, knowing that the financial institutions, to grant a loan, seek a maximum of security to limit the risks of unpaid. Better: the stronger your profile, the more likely you are to get a discount on the rate of your loan. What to earn thousands of euros over the entire repayment period!
Secure your construction project. To remember nothing, draw up specifications. You will find a list of all budget items in the house. You can proceed by chapters: land, house, credit, landscaping, garden, etc. And you will encrypt them. This file is designed to make your job easier since it details all the points to be taken into account.
Be informed about the new house. These steps will allow you to obtain a lot of information on land, construction technique, construction contract, real estate credit or guarantees. Enough to feed your discussions with builders, architects, bankers, land sellers, notary and financial institutions. In short, calculate the price of your home before you start, it is to bet on the security and to act as informed consumer!