The home building process comes with a high cost and many choices that need to be made by the homeowner. While you may be aware of some of the costs of building a home, there are small ways to cut costs that might not immediately come to mind. Getting the most for your money is important in today’s world. Building a home may be a dream, but there is no need to take on more than your wallet can handle.
There are ways to cut costs during the construction process and after the building is complete. Follow these to see some improvement in your finances while building a new home.
1- Opt For A Simple Roof
Before you even begin construction, you can choose options for building that will limit the amount of material and building time you need. Choosing a simple roof design can help to lower the cost of your overall build. Simple roofs prevent the need for more material. Simple roofs also require less labor by workers because it is not complicated to construct.
Home builders spend the most money on a roof because of the high cost of materials. The most simple roof is a single ridgeline with a shallow pitch.
2- Avoid Last Minute Changes
Last-minute adjustments and changes, also known as change orders, can rack up costs. Because you or your contractors will have to expedite them to finish the project, they usually cost more. Not to mention, you may have already paid for one fixture, and changing your mind means you will have to pay for it all over again.
3- Be Creative
There are ways that you can get creative with ways to cut costs. Experiment and get creative with cheaper materials and use those to makeshift the look of high-end products. You can hack anything from flooring to lighting and make it look just as high-end, without the high cost.
You can also shop around for different suppliers and purchase some of the materials yourself. Contractors may be willing to lower the bid if you purchase materials for them and is worth trying to pay for materials upfront for the possibility of a discount from the supplier.
4- Reduce Electricity Use
Homeowners may not think about electricity use until they are moved into their new home, but installing appliances that pull less energy can help you cut costs in the long run. Opt for energy-efficient lightbulbs, purchase energy star appliances, install a programmable thermostat, and talk to your contractor about an energy-efficient heating and cooling system.
Once you are moved in, you can take small steps like turning off your desktop computer, unplugging unused appliances, and more.
5- Set Your Budget From The Beginning
If you stick to a strict budget from the beginning, you will know exactly what you will be spending. Sticking to a budget is the best way to cut costs. Budgets keep you from dropping money on expensive materials or changing up the plan just for fun. A house building budget should account for things to go wrong, but going over budget for other things like custom design elements is a quick way to lose money.
If you have the budget for custom features you can include them. When you work with Cole Val, we will talk you through costs before we even begin. You can choose some elements that are standard and more wallet-friendly while choosing to customize others.
6- Use Standard Sizes
There is standard sizing for elements like cabinets, flooring, sinks, and windows. Oddly sized elements cost more to make and require customization to make. These elements add to the cost because of extra labor needed to craft the item and installation can be more difficult, which your contractor will bill you for.
You can also shop around for remnants at construction supply stores if you are wanting more customized sizing, but when ordering new, sticking to the standard sizing is a great way to cut costs.
7- Do The Final Touches Yourself
Small touch-ups are usually the final steps in completing a new home. Adding paint, baseboards, and small fixes are all things you can do yourself. Cut costs by opting to do these small projects after you have closed on the home and are ready to move in. You save money on the labor costs for others to come in and do the job and you can make sure that it is done exactly the way you want it.
Cut Costs With Cole Val Construction
Cutting costs in your new home doesn’t mean you have to sacrifice your dream. We offer pre-designed floor plans and other included features that will help you save money. Building a custom home does not mean you can’t choose cheaper options in some areas of your home.
Our whole goal is to get you into a comfortable space that fits your needs. All of our homes are unique and come in a variety of styles, colors, and budgets. You can reach out to our expert builders to discuss costs and what kind of elements we can help you save pennies on. If you are wanting to cut costs during your build, communicate with us throughout the process. We are here to serve you.