Building a new house can be quite an expensive endeavor. Fortunately, we’re here to offer a few tips on how to save money during this extensive process.
Best Ways To Save Money When Building A House
Follow these five tips below to ensure you get the best possible deal on a new home build.
1. Set A Budget
The most important thing to do ahead of the new home build is setting a budget. Spend a lot of time to figure out exactly how much you can afford to spend on this project. It’s never a bad idea to meet with a lender or financial advisor prior to purchasing the lot. Make sure your budget is tight but not restrictive – there are always a few bumps in the road that may call for extra cash.
Once your budget has been set, communicate and reiterate this figure to your chosen home builder. At this time, it’s wise to refrain from adding on any additional options or amenities.
2. Stick To Stock Floorplans
If saving money is one of your top priorities, then choosing a stock floorplan is essential. Even if this a difficult ask for some home builders, it’s best to rid yourself of any extra expenses by picking a premade house plan. A customized blueprint will undoubtedly inflate your budget.
If you have an eye for future designs, most stock plans will work as you begin the process. Another option is to hire a professional who can make adjustments to the stock plan, which will still save money compared to picking a customized layout.
3. Find The Best Home Builder
Fortunately, the best and the right home builder may be one in the same. A home builder can either make or break your budget altogether. Your goal in this step is to find an affordable builder with a long history of new home construction projects.
Do the research to find a builder that can work within your budget and commit to a timeline. Make sure to compare a few home builders prior to choosing a company.
4. Only Use Standard Sizes
Even if you end up picking a customized design, make sure you choose to keep all doors and windows in standard sizing. Odd sizes and shapes tend to drive up the cost of any new home build.
You can shop around at construction supply stores to find standard-sized windows and doors yourself.
5. Take Care Of Final Touches Yourself
Whenever you hire a contractor, you are free to tell them to leave certain final touches out of the bid. Let the contractor know that you can take care of easier tasks.
These tasks can include landscaping, staining wood trim and even interior painting. Handling these tasks yourself will undoubtedly save you money in the long run.
MK Design And Build In Arizona
MK Design And Build, located in Mesa, Arizona, specializes in residential construction, providing clients with state-of-the-art technology combined with cost-effective building methods. MK offers a variety of styles and designs for you to use as a starting point in your home building journey. With an extensive library of existing plans to choose from, we’ve organized them into 4 Series to facilitate the shopping experience: Classic, Vintage, Contemporary and Craftsman. Contact MK Design and Build right here!
