Residential Development: that’s how you do it
Buy a piece of land and build your own house. Many people dream of this. How do you ensure that that dream comes true and does not turn into a nightmare?
The construction of new houses is at the highest level in five. Having your house built yourself offers many benefits. You can determine the layout and implementation yourself. In addition, new homes require little maintenance in the first few years and are generally well insulated. On the other hand, the living environment is not yet complete and you must be patient before you can move into your house. You can choose a new house in a construction project, but you can also buy a plot and have your house built yourself. The last option offers room for even more customization. But how do you do that? Find a lot the first step on the way to your dream house is finding suitable land. For this you can go to consult with the municipality, agents in the environment or at websites like M Luna official site. Make sure that you thoroughly study the material. The lot must of course have a residential purpose. In addition, the size, shape and location of the ground (in relation to other buildings, facilities and position of the sun) must correspond to your wishes.
Furthermore, the municipal building regulations are important, because you almost never get complete freedom. The zoning plan contains rules about, for example, the maximum height and depth of your house, the maximum number of outbuildings that you can install, the roof slope and the maximum number of parking spaces on your own property. Often an image quality plan has also been drawn up, with requirements that the homes must meet, such as the maximum number of floors, the architectural style, color and material choice. View whether these match your housing requirements. Don’t forget the quality of the soil either. You need a clean soil declaration. In addition, also inquire about the soil conditions. If, for example, driving is required, the costs will be greatly increased.
Make an inventory of your wishes
Also make an inventory of your wishes in terms of style, property type and layout and what budget you have at your disposal. You can design a home yourself, but you can also opt for a so-called catalog home. Catalog houses are not unique, but do offer room for your own wishes. Moreover, they are usually cheaper than houses designed by an architect and you know in advance what you are buying and how much it costs.
Consider further whether you want to have your house delivered ready for use (where everything is finished, including things such as tiling, plumbing and stucco) or hull (where you finish the house on the inside itself). The second option can be interesting for people with two hands. But it is time consuming. Also consider the future. Expect your family expansion, and then ensure that there are enough bedrooms. If you hope to spend your old age in the house, make sure that there are connections for the bathroom on the ground floor, so that you can live on the ground floor if there are physical defects.
Map the financial consequences
The costs for a new-build home partly correspond to those of an existing home. For example, in both cases you owe mortgage interest, advisory costs for the mortgage adviser and costs for moving and furnishing your house. But there are also differences. You do not have to pay a 2 percent transfer tax, appraisal and brokerage fees for a new-build home. On the other hand, you will owe construction interest during the construction of your house. This is a reimbursement for the costs incurred by the contractor before you move into the house. The interest that you pay over the period before concluding the provisional purchase agreement is not tax deductible, but you can co-finance it in the mortgage. You may deduct construction interest for the period after concluding the provisional purchase agreement. If you have a new-build deposit, the interest and financing costs – after deduction of interest received – are fully deductible for two years. After this, the remainder moves to box 3 of the income tax.