Are you dreaming of buying a home that checks all your boxes but not finding the perfect fit in the current market? A newly built home could be an excellent option. However, careful planning is crucial! Follow this checklist to make your construction project a success.

• Define your needs. Start by outlining your priorities based on your current AND future lifestyle. How many bedrooms do you need? Do you prefer an open-plan layout or separate rooms? Do you need a garage?

• Set a budget. Calculate your income, debts and assets. Then, add a safety net of about 10 to 15 per cent for unexpected expenses. Remember to factor in related costs, such as council rates, government and legals fees, utility connections and insurance.

• Get a loan. Shop around at different lenders or, better yet, work with a broker to help you find the best deal to suit your needs.

• Select a building lot. Consider critical factors like access to infrastructure, soil quality, the neighbourhood and proximity to essential services.

• Apply for permits. Avoid unpleasant surprises by securing all the necessary building permits early in the process.

• Choose a floor plan. Work with a professional architect or technologist, or opt for a pre-designed plan that fits your plot and complies with local building standards.

• Hire a contractor. Compare quotes from multiple contractors. Verify their licences, insurance and references. Sign a detailed contract that outlines the timeline, costs and guarantees.

To build a house successfully from the ground up, surround yourself with the right experts. Consult trusted professionals in your area to simplify the process and avoid costly mistakes.

Always seek professional advice to suit your specific circumstances.