The $7 million that you and your qualified partner can obtain from the National Housing Trust could build you a fine home, though it certainly will not buy you the multi-storey house of your dreams.

With a view to maximising the dollar, you should begin the building process by commissioning a house plan from your architect (assuming that you have already located and bought the land).

The most important part of a house plan is to outline the structure of the house. Considerations like a garage, or outside water element like a pond, should be mapped on the plan. The area of each room should be noted and the square footage of the house should be marked on the plan. Each room should be labelled as to what it is, like bedroom or kitchen. Certain major items, like the sinks and bathroom tub, should also be mapped on the plan.

House plans that are drawn up by the architect will include much more information. Homeowners should carefully scrutinise electrical plans. Think about what works well for you in your daily routine.

Once the plan is done, you will also need a quantity surveyor and a contractor. In addition to your building plan, the parish councils requires the following before they permit construction:

Site layout

Location plan

Foundation drawings

Drainage plan - sewage disposal system

For those who are determined to build, the National Housing Trust will provide additional information in the step-by-step process involved in designing and building your own home.

In photo: A Caribbean Estate model home being viewed in November 2005 by prospective buyers. The market is demanding more homes like these, but developers are targeting upscale buyers willing to spend $20-40 million.