5 Things You Need to Consider When Building a Luxury Home

If you’ve decided to build your own luxury home, it needs to be perfect. Building a home from the ground up takes money, time and effort, and is a significant investment in your future. Working with the wrong team or cutting corners can cost you big time down the track, and every decision you make needs to be made carefully and thoughtfully.

While it’s a considerable amount of work, designing and building your home does come with some serious benefits. Having the freedom to choose your own amenities, materials and interior décor is a luxury that everyone should experience.

Being able to create a home that’s perfectly suited to you and your family’s lifestyle should be an exciting and positive experience, and you can make sure of this by taking several key elements into consideration. Here are 5 things you should look into before making any decisions regarding your luxury home, and ensure a smooth and successful building process.

1. Are you selecting the right builder

Choosing the right builder is one of the most important decisions you can make, as you’ll be living with their work for years to come. Don’t rush into making this decision and weigh your options carefully, and do plenty of research along the way. Some of the things to look for in a luxury home builder are:

• A portfolio of well-executed work with satisfied clients
• Grants you the freedom to customize your home and make decisions that work for you
• You’re getting good value for what you’re paying
• Strong communication skills and a compatible personality type

2. Is the home functional

If you have the means to design and build your own luxury home, it can be easy to get carried away and favour style over substance. Don’t forget that you actually have to live in this home, and convenience should be your number one priority.

It’s also worth noting that the larger your home is, the more money it will cost to upkeep and maintain. Remember not to overdo it and design a home that will be not only comfortable and practical, but realistic too.

3. What’s your budget

Designing your own home means that every decision is yours to make, from the doorknobs to the light fixtures. These costs will add up over time, and if you’re not careful you might end up getting carried away.

Even if money isn’t a huge concern, it’s always smart to come up with and then stick to a budget. You can work with your builder to work out an appropriate amount and how much you want to allocate to each element of your home. This way you can avoid breaking the bank and protect yourself and your family from any financial strain.

4. Where are you building

When deciding where you want your new luxury home to be, take a moment to reflect on what your priorities are. Do you want to live somewhere quiet and far away from the hustle and bustle of the city, or would you rather be right in the action?

It’s also worth considering what the future may have in store for you. Things like school zones and public transportation will soon become very important if you have young kids, and you’ll also want to live somewhere that gives you a strong possibility of reselling for a healthy profit.

5. Is it secure and efficient

Two of the most important parts of any modern luxury home are security and energy efficiency, and you should keep both of these elements at the front of your mind during the design process. For every entry point to the house, consider how it can be kept secure and keep intruders out. Also consider privacy and the surroundings of your future home, and how you can minimize visibility wherever possible.

All new developments in Victoria require a 6-star energy rating to be approved, and the higher your rating the more efficient your home will be. A more energy-efficient home means lower energy and water bills, saving you money down the road and helping you do your part for the environment. Factors like insulation in the walls, ceilings and floors, energy-efficient appliances, LED lighting and modern hot water systems can help you reduce your carbon footprint and save you thousands of dollars in the long run.

Every last detail of your luxury home matters, but getting these elements right will help the rest of the project come together in the best possible way. Find a team of professionals that you trust and stay involved every step of the way and your dream house will soon become a reality.