How to Create a New House The Essential Steps

Mitchell Goldsteen

FOUNDER AND MANAGING PARTNER OF
OROCO CAPTIALS

HOW TO CREATE A NEW HOUSE: THE
ESSENTIAL STEPS

Building a new house or renovating an old one is a journey to discover who you are, your
goals, and how you want it to look. This is a chance to redefine your relationship with the
world, your family, and yourself. A home is not just about building three bedrooms and two
bathrooms. It's more than that.
Mitchell Goldsteen believes that you should research your destination and plan your journey.
It's important to know what the final result will look like and how much it will cost. You can
do it yourself, but having an experienced and knowledgeable guide will make the journey
more enjoyable, enriching, and ultimately more rewarding.

SET GOALS

Setting goals and following the steps to reach them is
key to creating a new home. To set goals, you will need
to answer a lot of questions.
Setting goals requires that you satisfy both your left-
brain and right-brain needs. Your goals list will have two
sides. One side is practical, and one is emotional. Each
one is vital and must be recognized so that the final
result reflects the whole.

SET UP A BUDGET

Although a budget should be part of any goal statement, it is so
important that we have it here separately. You will need to consider
your financial capabilities and how your house's cost fits your plans.
Once you are ready to dive into details, add all costs associated with the
project, including the cost of land, taxes, and fees, and the construction
and landscaping fees.
Don't forget to include a healthy contingency. Things will happen as
with any complex project. There will be a few detours along the way.
These side trips shouldn't cause you to lose your way.

FORM A TEAM

Although you may think you can do it all alone, having a team of
experienced professionals is better. Why not trust your most
significant investment to a skilled team who won't be learning
from you? You wouldn't be able to represent yourself in court.
Your most important team members will be architects and
builders if they are not the same. They will be your advocate,
counsellor, guide, and therapist throughout the process of
creating your home. Like all great professionals, the right
direction can make the process much more enjoyable.

THANK YOU

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