1. Take tours of new homes. There are so many designs and styles of homes available today that it is impossible to know all of your options by looking at a few home building magazines or books. Arrange to take some tours of new homes in your area, especially homes built within the past six months. These homes will offer the latest in features and will give you a good idea of the most recent developments in home building and design. Keep an open mind as you look at these houses. Features that you consider unnecessary now may actually turn out to be just what you need.

2. Choose the right location. It is very easy to get caught up in the thrill of designing and building a new home, but it will pay off in the long run if you step back and take a practical look at your plans before making a final decision. Your home's location is the most important consideration. Is the new home's location convenient for you and your family? Do you like the location? If you decide to sell your home in five years, what will potential buyers think about the location? Rethink your home building decision if you are not happy with the location.

3. Think ahead. If you plan to stay in your new home for many years, think about the possible life changes ahead of you. You might want an extra bedroom or two if there are children in your future. Look at the layout of the home. Will you still want a two-story home in twenty years? Will the rooms be too small or too big for your family in a few years?

4. Get several estimates. Talk to at least two builders to get a good idea of what your new home will cost. Keep in mind that for most homes, the actual cost exceeds the estimate. If you are making plans to build a home in another six months to a year, you will need to add another three to six percent to the cost to account for inflation.

5. Ask everyone you know for opinions. Family and friends can be great sources of honest information. Ask them if they have ever heard of your builder or the builder's subcontractors. Find out what their biggest home-building mistake was. Gather ideas for home layouts and extra features. Use the expertise and knowledge of people that have "been there" and can help you by sharing their experiences.

6. If possible, put more money into the kitchen and bathrooms. If you need to cut back on the cost of building your home, try to make concessions in areas besides your kitchen and bathrooms. These rooms will contribute the most to the value of your home and will be the biggest selling points if you decide to move in a few years.