If your dream is to run a reception hall to host weddings, banquets and other social events, you probably already know that one of the most important factors of the business being successful is creating a sought-after venue. It is better to own the building rather than rent for this type of business, and the best situation is to build from the ground up to ensure that the place has everything you need or want. No matter what style of building you envision, following these steps will help to make your dream a reality.

Find your ideal location for the building. It’s all about location, location, location--as the No. 1 rule in the real estate industry states. The wrong spot for your reception hall could mean the demise of your business. You want to consider a spot that isn’t completely off the beaten path, isn’t next door to a competing venue and has adequate space for a large parking lot.

Create a clear-cut plan of what you would like at the reception hall. What square footage will your location allow and still leave enough space for parking? Will there be a kitchen? What style do you want the building to be, interior and exterior? Is it going to be a traditional country estate or a contemporary structure? Be sure to consider your location when deciding the style.

Consult with an architect to create concrete plans from your ideas. They will advise on structural aspects and might think of additions that you overlooked.

Find a building contractor to coordinate the construction of the reception hall. Finding a reputable, trustworthy contractor is key to making your dream a reality since they will interpret your architectural plans and oversee the all stages of the building process. Ask around for recommendations. Check with the Better Business Bureau to make sure there are no complaints filed about your options.

Work with an interior designer to furnish the inside and add finishing touches to the décor. If you have a flair for design, you can save some money by taking care of this part yourself or calling on talented friends for advice. Just make sure that the theme or your newly built reception venue is consistent from the first impression exterior to wall color down to side-table lamps.