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Building a New Home A-Z Guide

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Thoughtful Preparation Before Building a New Home Goes a Long Way Towards Success

Before you actually start to build a new home there are many things that must be prepared to ensure that you will be successful. Knowing what your budget will be is of course important and will effect everything that follows, but also knowing what the costs are, what style and size of house you want and the location will also be just a few of the considerations that must be finalized and before you break ground and start work.

Here are some helpful suggestions that if followed, can make the process less confusing to a first time home builder, and also prevent wasteful spending and going over budget.

Plan Your Budget

If you do not already know how much your budget is you need to work that out before anything else. If you are going to be applying for a loan do that now and get pre-approved for a building loan. Then you will need to know how much the house you want will cost to build and of course how much for the property as well.

Building a House on a Budget

  1. Figure Your Costs First - The first step in the process is to do some research, speak to builders and developers, and find out what is available within your budget and price range. This will help you to not waste time on homes or features you cannot afford because of a lack of funding.

  2. Question Why a Certain Lot is Cheaper Than Others - Simply because a building lot is inexpensive compared to others you may have looked at be careful with your choice. Many times a lot may look good but there are hidden disadvantages. Bedrock close to the surface, ground water, or a lack of services may be just a few of these to look out for. If the property is remote, or in a recently developing area, you may have to bear the cost of bringing in basic services such as electricity, sewage disposal or water, find out why a prospective lot is selling for less.

  3. Do Not build a Structurally Complicated Home - When choosing a design try keeping to traditional styles of design relative to the shape and configuration of the home. Complex shapes and buildings and rooms with curves and odd angles can be much more costly to build. Stay away from extra high ceilings and complicated roof structures too. All of these things will add costs that will cut into your budget and force you to give p other features you may also want.

  4. Keep It Small - Although a large house can help to amortize the square footage cost of building, overall it can be much more expensive. Basic items such as electrical and plumbing systems will always need to be included but a smaller home will undoubtedly be less to build and also less to maintain once you have moved in. Larger homes also require larger expenditures for structural work that is needed.

  5. Multi-story is the Way to Go - If you need more space build up, not out. You can achieve the amount of space you require, but the foundation and roof, which are costly items, will be cheaper. The HVAC and plumbing will also cost you less and the savings can be used for other features your family may require.

  6. Only Pay for Usable Space - When planning your home you should examine very carefully the ratio of usable to unusable space. You need to know what amount of the total area represents actual living space, and how much is dedicated to spaces such as garages, attics, and wall insulation that are not.

  7. Is There a Need for Solid Wood? - There are many new alternatives to the traditional solid wood construction of elements such as cabinets and window frames. MDF and particle board, plastic, aluminum, stainless steel and glass are now of a sufficient quality to give kitchens, bathrooms, and home offices a sleek, designer look at a considerably lower cost than solid wood.

  8. Go Green and Use Recycled Materials - The building materials market is now offering home builders many items that are derived from recycled materials, steel, pressed straw paneling, and sawdust and cement composites are just three of these new innovations. Architectural salvage yards have an abundance of doors and windows; lumber, light fixtures, plumbing fixtures, fireplace mantels, and assorted architectural details that are not only less expensive, but they can add distinctive design elements to your new home as well.

  9. Eliminate Expensive Extras - If you are building on a budget consider installing less expensive fixtures and fittings that can easily be changed to better quality ones in a few years. Door hardware, plumbing and light fixtures can all add up quickly but they can all be done for less in order to get you moved in to your new home and on budget.

  10. Quality is the Way to Go - Although we suggest using less expensive items such as those listed above, other features are better off if you invest in quality, real wood siding instead of vinyl for one. When the time comes for you to put you budget home on the market so that you can move up it will have greater value and the return on your investment will be much better.

  11. How Can You Figure the Costs? -You want to build a new house, but can you afford it? Knowing how much your dream house will cost can help you modify your plans to meet your budget.

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