Building a new home will most likely be the biggest investment that you will make in your life. You want to make your dream house come to life by saving cash through smart ways and by avoiding the most common building mistakes. Having said that, here are a few tips on how you can save cash for your dream home.
Money Saving Tips For Your New Home
How do you want to use your living area?
One of the best methods to save money when you build your house is to first know how you and your family make use of your living area since good custom home builders and designers will ask you about this at the start of the project.
Do you love staying outdoors? Do you want to drink coffee or read the paper on the patio? Do you want to make cooking a focal point of your house? Do you want to have a big living room? All these will affect your new home construction.
Choose your lot properly?
The lot you choose can make or break the custom build homes Myrtle Beach SC. You should make sure that you get a gently sloping lot for your basement or perhaps a nice flat lot for a craw foundation or a slab. Although you might think that you will save money purchasing a sloping lot, any savings would likely be negative by expensive site preparation and other required foundation materials.
Consider the neighborhood, sun orientation, and climate.
Before you purchase a lot, you should first understand the climate in your area as well as the sun’s orientation on your lot since these factors would affect what you could build and where. You should also know more about the area that your lot is in such as the resale value, crime rates, and the school system.
Shop for a custom home builder
You must shop around before you commit to a custom home builder. You should check references first and the builder’s past projects as well. Don’t forget to get multiple bids before you make your final choice. It might be tempting to hire your cousin’s friend at a discount but don’t unless you’re absolutely sure that you’re hiring a respectable professional. You need to get what you pay for and don’t forget that the lowest bid isn’t always the best one. Be sure that everything is included in the price and everything must be in writing.
Don’t be your own general contractor.
Unless you are a licensed custom home builder, a home designer, or an architect, do not attempt to build your house yourself – you must hire a licensed general contractor instead of doing it on your own. You might think that you are saving money but you’ll end up facing more problems and paying a hefty amount if you find out in the end that you have to make a lot of changes because it wasn’t done right the first time around.