Poor lighting
When designing your home you want to make sure there is plenty of light. Great lighting will make your rooms look bigger and brighten up your living spaces. Try to save on energy bills by adding windows in every room and making them as large as possible. If your room doesn’t have enough natural light, ensure there are plenty of light fixtures and outlets! Remember, you’ll need a licensed electrician for installing these!
Trying to reinvent the wheel with designs
When it comes to design, don’t go too crazy! Being too creative with your home designs can take away from it’s functional purposes and could end up costing lots of money down the track.
Spending less on location so you can build a better home
We’ve all heard the saying before: location, location, location. But why is this so important? Whether it’s close proximity to public transport, CBD, beach and good schools or the area has low crime rates, where you build will have a massive impact on the future value of your home.
Not knowing your neighbours
The neighbours from hell can turn a perfectly good home into a living nightmare. If possible, try to meet your potential neighbours before you purchase the land. If you have a gut feeling that they might be bad neighbours, then forget about it!
No emergency funds
Creating a contingency fund for potential emergencies is crucial if you don’t want to run out of money before the completion of your home. Although it might be tempting to spend any excess money on a new pool or spa, keeping a little slush fund (around $15,000 to $30,000) in case you run into any unexpected speed bumps is a must.
