5 Ways to Keep Home Building Costs Down
Building a house is a life-changing event and just may be the most major venture you will ever undertake, both personally and financially. It should be an exciting time of new beginnings and creating something of your own, but all too often the stress and expense of the home building process far outweighs any enjoyment.
Perhaps the biggest stress to building your own home lies in the cost. It is rare to find a building project that has managed to stick to the same budget from start to finish, with unforseen expenses and poor planning causing budget blowouts.
To avoid the cost of your project skyrocketing, even before you start designing and planning, there are a few hints you can follow to make sure the process you’re about to embark upon doesn’t end up out of your control or out of your financial capacity.
Stick to a Budget
Perhaps the single most important aspect of building a home is having a budget and doing everything you can to work within it. From labour to materials and everything in between, make sure that you put the time and effort into maximising cost efficiency and safeguarding against costly mistakes and delays.
Use Recycled Materials
Using recycled materials for building can save you a lot on your total build cost and it’s also an eco-friendly way to construct. Source these materials locally, where possible, to keep your transport costs down. Keep an eye out for factory seconds and discounted materials, fittings and appliances too.
Working toward an energy efficient and environmentally friendly house will mean that you create a home that’s cheaper to power and maintain, saving you money long-term. It will also allow you to take advantage of rebates and tax-breaks for some eco-friendly build options, so make a point of finding out what kind of green measures you can include in your home to maximise the dollars you’re putting into the build.
DIY Within Your Limits
Ask your builder to let you help with labour costs by investing some of your own time in the physical construction of the house, like painting or tiling. Choose only tasks that you feel comfortable you can complete effectively and efficiently. If you do anything that needs fixing, the mistakes will end up costing you money. If you take too long to complete a task, you might put out the build schedule, which can also wind up being costly.
Research Reputable Builders
You should invest a lot of time in research before you commence your build, especially when it comes to choosing the right builder for the job. Don’t just search online, get out in your local community and investigate local builders who have earned themselves a good reputation. Ask friends, family, colleagues, business contacts – anybody you can strike up a conversation with – about successful and above-par building experiences.
These are just a few great tips for keeping your costs to a minimum, but don’t be afraid to keep researching and get creative with cost-efficiency. Just make sure that everything is planned to the finest detail to ensure that you don’t fall into that common trap of blowing your budget sky-high due to cutting-corners or a lack of planning.
With these simple hints to follow, all that’s left is to get stuck in and start enjoying the fun and the challenge of building a place that is completely yours.
William is a new home owner from the Gold Coast in Australia. He says that Gold Coast house and land packages offer great value for money and recommends Maddison Estate for anyone looking for active lifestyle living.