Tips To Save Money When Building A New Custom Home

A new custom home that is built to your specific wants and needs can provide you with a wide range of benefits. Custom homes offer excellent flexibility in relation to the layout and design, but building a custom home can be expensive and stressful. There will a lot of options and important decisions to make, so it may easy to stray away from your budget. The good news is there are ways to build a custom home and save money during the process. Here are a few tips to help you save money during new home construction.

Choosing the Land

When it comes to home construction, buying the right piece of land is the first step in saving money. It is important to do your homework before buying the land in which your new custom home will be built on.  Make sure the land is ready to be built on without a lot of additional expenses, such as clearing trees or blasting rock. Also, make sure the land has access to drinking water, proper sewage lines and electrical lines. Adding these necessities to the cost of the land can quickly put a damper on your total budget.

Energy Efficient Options

Choosing energy efficient appliances and "green" materials can save you money over time. When choosing building materials, such as the roof, consider using metal which is typically recycled and a metal roof will have a lifespan of about 50 years, whereas an asphalt shingle roof will need to be replaced about every 10 years. Choosing energy-efficient kitchen appliances, faucets, and an HVAC system may be slightly more expensive at the time of purchase, but these items will save you money in the long run on energy costs.

Pre-Designed Plans

Using pre-designed plans is significantly less expensive than hiring a company to design your new custom home. When using pre-designed plans, you can still customize what goes into the home; it simply means that the "bones" of the house have already been designed, such as the shape of the house, the number of bedrooms and bathrooms, and whether or not the home is built on a slab or a basement. You will still be in control of the materials used for the exterior and the interior.

When building a new custom home the most important thing to remember and the best way to save money is to not cut corners. There is a significant different between cutting corners and sticking to a budget. Cutting out certain things, such as opting for porcelain countertops as opposed to granite will save you money, but cutting corners by using cheap materials for the plumbing, structure, or electrical components of the home is dangerous and will ultimately end up costing you much more in the future.