There is a common misconception that building a new home from the ground up has to be prohibitively expensive. Read on to find out about a few ways that future homeowners can save some money when they work with custom home builders without sacrificing the comfort and style they deserve.
1. Prioritize and Set Clear Expectations
Those responsible for designing the home should sit down and decide what their priorities are early in the process and where they can afford to cut corners in terms of luxury and attention to detail. This will help set a budget and ensure the project does not wind up costing a fortune.
2. Build Smaller
Homes with smaller floor plans cost less to construct. Think about how much space the family will really need.
3. Communication is Key
Be sure to communicate openly with the contractor designing the home, and don’t be afraid to seek their input regarding ways to save money. They often have helpful advice regarding low-cost materials and money-saving tricks.
4. Shop Around
When buying appliances, fixtures, and construction supplies, be sure to do some research first. These range greatly in price and sales are frequent, so it’s often possible to save thousands of dollars.
5. Ask About Builder’s Discounts
Most custom home builders get discounts on construction supplies. Ask whether these apply to things like appliances and fixtures as well and don’t hesitate to take advantage of discounts if they do.
6. Ask About Tax Credits
Many building materials are eligible for tax credits, especially if they are designed with energy efficiency in mind. Keep an eye out for rebates as well.
7. Share the Work
If the builder will allow it, homeowners can sometimes save money by doing some of the work themselves. Readers should be sure not to bite off more than they can chew and always consult their builders first.
8. Keep the Big Picture in Mind
It’s a mistake to get bogged down in the little details and spend exorbitant sums on unimportant features. It’s always possible to go back and make small improvements later.
9. Salvage Materials
Those who are performing a tear down rebuild can sometimes salvage materials for use in their new homes. This can save a bundle provided the materials are still in good shape.
10. Save on the Move
Moving in can be expensive, too. Try to get cheap or free moving supplies and enlist friends or family to help.