Tips for Staying on Budget
When building a new home it can be easy to lose track of your budget. At Nick Beaudry Homes we understand the importance of a budget and keeping to it.
Budgets don’t have to be large to produce a great result. It is, however, important that everyone is aware of budget constraints so that you can work together towards a common goal.
Decide On Your Non-Negotiables
Before you begin construction it is important to understand what your non-negotiables are. These are the features that you aren’t willing to compromise on and are included in the budget for your custom home.
A non-negotiable feature could be anything from large windows for lighting, a guest room with private bathroom or reclaimed wood detail.
Start with the grand plan and then decide which features can be scaled back in regard to cost. Establishing a clear vision for your building project will help you prioritize costs and keep from spending too much in other areas.
Allow for Changes
When you outline your budget, make sure you account for unexpected costs and add-ons.
You may find that as construction on your new home continues you change your mind about materials or features that you initially decided upon. Give yourself flexibility by allotting a portion of the budget to account for changes.
Choose a Trusted Builder
Choosing the right builder will impact the entire building process.
A great builder will have the skills and experience to deliver your dream house while taking into account your budget. You may find that your builder can provide you with better, cost-efficient materials and features. These alternatives will save you time and money down the track. Asking their advice is always a good idea.
Communicate
A clear line of communication throughout the entire process is the hallmark of a great home builder and will ensure that your budget stays on track.
Keep in contact with your builder and receive regular updates. Clear communication will result in decisions being made with a team approach and make sure that your new home is built to your expectations.
Consider Trade-offs
Staying within budget while creating your dream house can be difficult to manage. It could come down to deciding whether you are willing to stretch your budget or reconsider your priorities. Swapping a high-end material such as marble for a more cost-efficient stone is one such example.
A trade-off is the best way to get the designer look for less. Shop around for similar fixtures until you find the perfect compromise. With time spent on research you may be able to find something even better.
Do Your Research
Cut the costs of your home build by visiting display homes to experience the features that you believe are desirable in your new home. There may be more than a few features that you originally wanted that are less appealing in person.
Experiencing different home styles, layouts and furniture pieces will help you to rule out what you do and don’t want in your new home.
A good custom home builder will have plenty of ideas on how to lessen the costs. They will have had hands on experience, and most importantly, will be able to tell you about the pros and cons of all the options.
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Contact us with any questions. We are always happy to discuss ideas and explore options.
P. 770-330-1407
F. 678-623-3043
info@nickbeaudryhomes.com