What are some of the pitfalls in building a home?
Undertaking a homebuilding project is a major commitment. Unless you are an experienced general contractor, or have lots of money and time on your hands, don’t be your own general contractor. In planning your home, don’t think too big. Talk to local real estate brokers about the price range, features and locations that will make the house marketable in five years. Many people build retirement houses that are too large, require too much maintenance or have features that contribute little to value and detract from marketability. When a retiree’s health starts to fail, as it inevitably will, an overbuilt house is often sold at a loss, because the custom features aren’t to most buyers’ tastes.
