How to Bring Down Your Construction Costs When Building a Home a western Perspective?
Mahadev Desai is the Founder and CEO of gharpedia.com and SDCPL a leading design consultancy firm having strong national presence. He has a degree in Civil Engineering (BE) and Law (LLB) and has rich experience of 45 years. Besides being the Editor in Chief, he also mentors team at GharPedia. He is associated with many professional bodies. He is also co-founder of 1mnt.in the first in Industry software for contractors’ billing. He is a voracious reader, edited 4 books, and pioneer of book reading movement in Gujarat, India.
If you want to create your dream home, then building it from scratch is the way to go. However, the process can be expensive, and not everyone is a millionaire. This means you may want to find ways to reduce your construction costs so that you aren’t getting yourself into too much debt.
It may seem overwhelming at first, but it is possible. You just have to be prepared to make specific changes and take a bit of extra time to plan out the entire process. Want to learn more? Then keep on reading!
Below, we will discuss some ways that you can bring down your construction costs when building a home. Let’s get started!
Tips To Bring Down Your Construction Costs When Building A Home
01. Choose Your Land Carefully
If you really want to save money when building a home, you want to take the time to select land carefully. Obviously, the bigger a plot, the more money it will cost, so if you don’t need a large amount of space, look for something smaller.
Check out this land for sale in Diggers Rest, for example. They have various options that suit different budgets. Just make sure that the size you choose is enough for what you desire. If you want four bedrooms and a large backyard, a tiny plot isn’t going to cut it!
02. Get Different Quotes From Different Agencies
Architects, plumbers, electricians, and painters, there are a lot of different professionals that are involved in the process of building a house. In order to save money on contractors, take the time to get a variety of quotes from different companies.
While the overall cost shouldn’t be the only deciding factor (reputation and reliability are essential), you may find that the prices vary significantly. One quote could be thousands more for the exact same job. It definitely pays to call around!
03. Try to Avoid Complicated Building Designs
When building a home, you understandably want it to be something you like. However, extremely complicated designs are going to increase your costs. It would be best if you aimed to keep things simple with the floor plan and avoid elaborate landscaping. The more corners there are, the more expensive it will be to build.
If you’re not sure how to create your dream home without complexity, speak with your contractors. They will be able to help you with the design and find something that works for your budget.
04. Use Experienced Professionals
Above we talked about the benefits of getting different quotes, but this doesn’t mean you should disregard a company’s experience. Those that have been operating for longer may offer you advice on cutting expenses, will take less time, and generally avoid mistakes. This means that any of their extra costs are covered by what they can potentially save you. Make sure you talk with them about building in the off-season too. During slower periods, like right after Christmas, you can save thousands.
05. Be Sustainable And Reduce Waste
While you may initially think that construction costs are only what you pay during the building process, they also include what it will cost you to occupy the space. Energy and water bills can be significantly reduced if you take the time to source sustainable options. Adding in that solar water heater or panels on the roof may seem like an additional cost but can actually save you a substantial amount in the long run. Alongside this, it’s much easier (and more cost-effective) to install them during construction rather than in the future.
06. Pick Affordable Building Materials
When it comes time to choose building materials, it’s essential to know that you do get what you pay for. However, there are a variety of affordable options that can look and work just as well as expensive ones. For example, things like reclaimed timber, raw concrete, and industrial steel are all great materials. Yes, they might not suit everyone’s style, but if you don’t mind, they can be worth it. Check out these tips for buying building materials for more information!
07. Use Proprietary Products Where Possible
Proprietary products, also known as “off the shelf” products, are those that are readily available. This means you can generally walk into a store and get them without having to wait. By choosing these over more “unique” materials, you’re more likely to get a discounted price and will avoid extra fees.
Alongside this, make sure you keep an eye out for things that you can buy in bulk. You would be amazed at how much you can save by getting products from one supplier.
08. Pay Attention To The Little Things
While it is important to pay attention to all of the significant expenses involved in construction, you should also try and remember about the little things. Even something like your fixtures, outlet covers, and door stops all add up once you place them in every room of the house. Take time to find the most affordable option and avoid cutting corners. It may seem irritating at first, but it really will make a big difference to your overall home cost.
09. Create Strategies When Over Budget
Lastly, when saving money during your home building process, you want to prepare for when you go over budget. Even if you plan out everything from the beginning, there are always going to be times when you run into issues. If something comes up and it’s pushing you over the edge, sit down, list three possible strategies, outweigh the pros and cons and then choose what is right for you. Whatever you do, don’t give in. Your patience and resilience will be worth it in the end!
And that’s it! By following the tips above, you should still be able to create a great home while keeping your construction costs to a minimum. It may be stressful at first, but once the ball gets rolling and you see the final outcome, it will all be worth it. When it doubt, remember these three tips:
- Plan ahead
- Seek help
- Be patient