Some of the basic priorities we need in life are food, water, and shelter. Nobody wants to spend more money than they have to to acquire these necessities. There are many ways that you can build a big home on a small budget. Here are five tips to consider before you call your local construction company.
Go in on It with Some Friends
When building a house, consider buying a large lot with a close friend or family member which can be split into two smaller properties. Some of the bigger properties you’d like may be way out of your price range, and the seller may not be willing to break up the large parcel. If you split the bill, you not only will get a great deal for a big chunk of land, you can rest assured that you’ll have neighbors that you like too!
When trying to find lumber for construction, be sure to shop around. All wood is not created (or sold) equally. You can also consider buying salvaged materials from demolition sites, such as old barn wood, bricks, and rustic old doors that will make great touches to your new home.
Consider the Space
A so-called “problem lot,” which is located on a hill, near the water, or is narrow, can be cheap yet desirable. The landscape may pose some difficulties for your new home, so look into acquiring the proper insurance, such as flood or storm insurance.
Splurge vs. Save
Spend money on only the items that you cannot live without and you know will last a long time, including appliances, flooring, and carpeting. You can skimp on the rest of the things that you need for your home, including décor and different types of furniture.
Avoid Prep Charges
The price of reparation charges, such as grading, clearing trees, and hauling in fill dirt, can quickly add up and become super expensive. They can also cause a lot of hassle when you are trying to build your home. Choose the best sites for your money and then pick a building process that best caters to the location of your house. Also, map out anything that you may need beforehand so you can save on the costs.
Building your own home can be well within your price range. Be sure to follow these five tips, including going in on a lot with a friend or family member, avoiding prep charges, and only splurging on things that you really need. Before you know it, you will have a gorgeous home that you will be proud to call your own and that you built all by yourself.