How to save money when building a house?

It is doubtless that building a house is an exciting decision. However, it is also a stressful as well as an expensive process. The process requires a lot of attention to be paid to every small detail.

Today, people all across the globe are in a hunt for various ways to save money when building a home. Let me share few of them with you –

Purchase a buildable lot – Try to purchase a buildable lot so that you need not worry for making the plot ready for construction, and getting local utilities such as sewage and drinking water. In addition, the construction can be started right away.  Also check for all that is included in the base price of the plot.

Save money by being the general contractor yourself – The easiest way to make potential savings is to avoid hiring a general contractor. Try to execute the general contractor’s job on your own. However, this is only possible provided you are ready to devote time, and you have basic house building knowledge. On the conservative side, being your own general contractor shall save you around 10% of the total cost.

Consider the style of the house – Considering the style of the house is another effective way to make potential savings. There are certain home styles that are much cheaper than the others. For instance, construction of a ranch style home is assured to be much expensive than a construction of a two story house. In addition, selecting a simple layout plan with standard windows and simple roof lines in lieu of complicated layout plan and geometric window designs and roof lines can also allow you to make a large amount of savings.

Do some work yourself – there is no other efficient way then rolling up your sleeves and doing some work by own. Ensure that you talk to the builders about this at the outset only. Some of the things that can easily be done by own are cleaning the site, painting the interiors, laying the floors or landscaping the garden.

Purchase Salvage materials – Purchase of salvage materials will also assist you to make savings. Today, many salvage yards have come up, and are selling recycled building materials. Items such as cabinets, windows, doors, panes, electrical fixtures, plumping fixtures and much more can easily be brought at rock bottom discounted prices.

Published by in How To, Tips, and Advice, on March 2nd, 2011


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