Having a house built can be the culmination of years of saving money and planning the features and design that will make up your custom home. It's an exciting feeling to buy your plot of land and watch a tree service come to clear it, thus signaling the beginning of construction. Long before the shovels go in the ground, however, it's important that you're careful about staying on budget. Before you move forward with the idea of having your own home built, it's useful to keep these cost-saving tips in mind.
See If The Land Can Be Divided
When you're shopping for land, it's useful to consider buying a larger parcel of land than you need — if local zoning laws allow the land to be divided. Even though you'll have a steep initial expense, it can quickly pay off. For example, if you need about one acre, but find a two-acre lot for a reasonable price, you may wish to buy it and immediately sever one acre off the lot and put it up for sale. As soon as the lot sells, you'll essentially have bought a one-acre lot for less than the price of similar-sized lots in the area, in many cases.
Keep Your Design Modest
Many people who have a home built learn a number of lessons that can only come through experience. They'll often use these lessons during their next build. Knowing this information, it's ideal to keep your first home build modest, rather than trying to go all-out and build your dream home. Once the project is done, there will have likely been things that you'd want to have done differently, such as lay out the kitchen in a better manner, for example. These lessons are less costly when you keep the design modest so that it doesn't break the bank.
Remember That You Can Upgrade Over Time
If you plan to stay in the house for a long time, you might be eager to have high-end features throughout. Things such as hardwood flooring and granite countertops, however, can be costly. Try to remember that you can upgrade these elements over time. There's nothing wrong with putting inexpensive flooring or countertops in the home initially and then paying to have them upgraded in several years' time. By then, you'll ideally have saved a fair bit of money, which will allow you to upgrade to the features you truly covet.
For more information about building new homes, contact local new home builders.