No matter where you are, however, there are steps that you can take to reduce the cost of your new construction home. Take a look!
Are you building a house soon? If so, take a breath, grab a notepad, and hang on: It’s going to be a bumpy ride.
You can always build your home and save some money while you do it. Here are someways you can save money while building your dream home:
Consider the site and style
When building a home from the ground up, you can save money by being strategic about every decision, including the location and style of the home.
If you’re considering buying land to build your home on, for example, you might get more acreage, but if it doesn’t have infrastructure like utility and water lines, you’ll need to pay to install them.
On the other hand, you might spend more for a developed lot where water, sewer, gas and electricity lines are already set up, but you won’t have to worry about adding those in later.
DIY where you can
There might be areas of the project you can handle yourself, which can keep costs down. If you’re confident in making all of the selections for the home.
From countertops to fixtures to flooring, you may be able to forgo hiring an interior designer, with the tradeoff being that a designer can help choose finishes that might boost resale value, and may be able to leverage manufacturer relationships for better deals on materials.
Avoid finishes that won’t materially raise value
Just like in fashion, home decor trends change quickly. Generally, decorative items won’t hold their value as well as structural elements, so it’s best to spend your money where it’ll count. Bochicchio recommends spending more on components that would be expensive or impossible to add in the future.