It’s no secret that building a home can be an expensive endeavor. Thankfully, we’re here to offer a few tips on how to save money when taking on this project.
Ways To Save Money When Building A House
Here are 5 tips to help you save money during this home building process:
- Set A Budget
- Choose Stock Floorplans
- Find The Right Home Builder
- Only Use Standard Sizes
- Handle The Final Touches Yourself
Set A Budget
The most important thing you need to do ahead of the home building process is to set a tight budget. Determine how much you can afford to spend on a new home long before the project gets underway. Always meet with a financial advisor and lender prior to purchasing a lot. Once the budget has been set, communicate and reiterate this figure to your builder. Refrain from adding on any more expensive options/amenities.
Choose Stock Floorplans
For a lot of potential home builders, this can be a difficult task, yet it is essential if saving money is a high priority. Rid yourself of extra expenses by simply browsing premade house plans instead of any custom blueprints. If you have a great eye for design and vision for future uses, most stock plans will work for your future home. There is also the option of hiring a professional to make adjustments to the stock plan without the expenses associated with a customized layout.
Find The Right Home Builder
Builders can make or break your budget. Your goal will be to find an affordable builder with a long and respected history of new home construction projects. Find a builder that promises to work with your budget and stick to a timeline. Always compare a few different builders in your area before settling on one.
Only Use Standard Sizes
Even if you chose a customized design over a stock plan, make sure you choose to have all doors and windows in standard sizing. Oddly-sized or shaped areas will only drive up total costs of the project. Feel free to shop around at construction supply stores for standard sized windows and doors.
Handle The Final Touches Yourself
When hiring a contractor, you can tell them to leave certain final touches out of the bid. Tell them you can take care of easier tasks that come near the completion of the project, including interior painting, landscaping and staining wood trim. Handling these tasks yourself can drastically decrease the overall costs.
How Much Does It Cost To Build A House?
The average cost to build a house is $298,432 in 2021, according to HomeAdvisor. Prices will range all the way from $154,135 to $477,534 in the U.S.
The typical price per square foot is $150, so here is a look at costs to build new homes today:
- 1,500 sq ft home: $225,000
- 1,600 sq ft home: $240,000
- 1,700 sq ft home: $255,000
- 1,800 sq ft home: $270,000
- 1,900 sq ft home: $285,000
- 2,000 sq ft home: $300,000
Build a Custom Home In Arizona
Contact Hughes Development today to get an estimate for your home building project. Hughes Development builds custom homes in Mesa, Apache Wells, Mountain Whisper and more areas in Arizona.
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