The COVID-19 pandemic has negatively impacted several households in many ways. But if anything, it has allowed us to reconsider and improve our living spaces. That is why home improvement projects have significantly surged since the COVID-19 outbreak last year.
That said, now is the best time to consider a home construction project. Whether you’re looking to have a new home construction or a house renovation, there are a few considerations to make. Your goal is to ensure it will go as smoothly as possible amid the pandemic. Ultimately, you want to make sure it will be a successful one.
Here are key factors to consider when pursuing a home construction project:
1. Home Vision
It’s apparent how our relationships with our living spaces have drastically changed over the years. However, the pandemic has all the more compelled us to reassess how we live in our homes.
Now, you look forward to having a house adaptive to these unprecedented times or one that’s future-proof. Of course, it all starts with a home vision. That said, consider one of the following home construction projects:
- Mini-office
- Home gym
- Kitchen overhaul
- Bathroom remodel
- Full-house renovation
2. Budget and Finances
For the most part, you’ll put your home vision on hold due to financial constraints. Given the financial repercussion of the pandemic, you may think twice about pursuing a home construction project.
If you have the financial means to do so, be ready to dive in. Financial considerations to make include the labor costs, material expenses, and other miscellaneous expenses. However, if you need funding, consider the following:
- Renovation loan — get this through Federal Housing Administration (FHA) 203(k) or Fannie Mae HomeStyle.
- Home Equity Line of Credit (HELOC) — be sure to have enough home equity on your mortgage.
- Major renovation — consider cash-out refinancing.
- Home repairs — get via the 401(k) loan.
- Small house construction projects — get a personal loan.
3. Construction Materials and Supplies
After having decided on your home construction project and set aside a budget for it, you can now proceed to the material acquisition. Of course, the material supplies you need depend on the type of project you’ll pursue.
That said, work with your contractors, engineers, or architects to identify the materials you need. Ask for recommendations from them or let your general contractor do this on your behalf.
Be sure to list all the materials you need and shop around from various suppliers. The rule of thumb here is to strike a balance between material quality and pricing. Don’t just settle for the cheapest materials.
4. Contractors
Crucial to the overall success of your construction project are the key players. These include your contractors, along with the engineers, architects, home designers, and even tradespeople. You will come up with a construction project timeline, and all these key players must adhere to this timeline. When choosing, consider the following criteria:
- Credentials: Ensure that your workers have the license to work in the construction industry. It’s best if they’ve undergone the required certification and training such as the Construction Skills Certification Scheme or CSCS test. Also, make sure that they have insurance as well. That way, they will be financially covered, and you won’t be held legally liable in case of accidents.
- Industry experience: Be sure to check their portfolio to see the length of experience in the construction industry. The longer the years are, the better. It’s best as well if you get in touch with their past clients.
- Field of Specialization: Don’t forget to factor in their areas of expertise. Know that the scope of construction is vast. Depending on the type of construction project you’ll pursue, you’ll have to get the right people.
- Commitment & Dedication: It’s best to narrow down your contractors into a few worthy prospects. Set up an interview to gauge their commitment and dedication to the project. From there, you’ll know who is best suited for your home construction project.
5. Local Codes and Regulations
Keep in mind that building codes and regulations are vital for your home construction project. Along with this is to consider the health, safety, and overall well-being of your employees during this pandemic.
Of course, there are two key things you must not forget. The first is to secure a permit from your local authority. The second is to comply with the building codes. Ultimately, compliance with local codes and regulations will make your home construction project successful.
At this point, you now have a robust idea of what to consider for your home construction project. As outlined above, factor in your home vision, finances, materials, contractors, and local codes. With all these in mind, your project will go smoothly and end up successful, even in the midst of a pandemic.