Are you looking to build your home on a smaller budget? Everyone has some idea that building a new home can cost an arm and a leg. However there are certain ways in which you can design your dream home in your budget. All it takes is some careful planning and budgeting and you are good to go.
Do make sure that you follow the advice from seasoned builders to help you design your home on a budget.
Set realistic goals
While building a new home it is common for individuals to get carried away. They may end up spending more than they had anticipated. Even though you may have saved in a deposit and organized all your finances one should still be aware of any additional cost which come along with building a new home. There are certain cost which need to be taken into consideration. Your contractor would charge you for stamp duty, utility rates and you may also have to pay up a fee for conveyancing and mortgage insurance.
Go for a simplistic design
When choosing the design for your new home it is best to go for a design which is simple. Simple is by no means boring. In fact contemporary designs are best-kept minimalistic with clear well defined lines and not a great deal of ostentation. Choosing a simple design would also help save you cash. An open floor plan not only looks good but means less addition of extra walls. This way you can save up on the cost of materials as well as the building process.
Choose the block of land after careful consideration
Preparing the land to build is also something which is overlooked by most homeowners. A land which is sloping or which has a lot of trees and other such structures which might need to be removed can be an additional burden. This specially holds true when budget is a problem. When buying land for your home make sure that it is on a steady ground instead of a sloping one. You might even need to compromise on the neighborhood or the locality.
Make compromises on fittings and fixtures
Instead of splurging on the very best fittings and materials you can start off by buying mid range quality fittings. This works just as well and are usually a smart idea because it helps you save a great deal of cash. Make sure that you have a talk with your builder to ensure that they are going to you take care of these things.
Go through the builders contract
When you hire a builder you would agree with them to a legally binding contract. This contract would comprise of the rights and responsibilities of you and your builder. Make sure to go through it carefully. The right builder would always be open with the cost of buildings and would therefore provide their customers with a transparent contract.
Do keep the above mentioned things in mind when hiring home builders to construct a budget home.