While building a custom home is an exciting process, it can also be overwhelming and expensive. From shingles to countertops, countless decisions must be made regarding the layout, materials, and style of your new home, and how much you’re able to spend to get what you want.
Building a custom home is often a balancing act between designing the house of your dreams and not blowing your budget. Here are a few ways to save money when building your custom home.
1. Reduce square footage.
Generally speaking, a smaller footprint means a smaller price tag. While it’s important to consider how much space your family needs, also think of how you will use the space and how you can maximize every square inch. Open floor plans can provide the feel of a larger space without adding to building costs. Also, build upward instead of outward when possible, such as a two-story home instead of a one-story ranch.
2. Avoid change orders.
Last-minute building or design changes are called change orders, and they can quickly add to your budget. We get it – it’s hard to visualize your house until you start seeing it take shape. But try to save your changes for major issues, such as adding a room or changing flooring. Remember that simple changes like switching light fixtures and cabinet hardware can be done after the house is completed.
3. Consider your finishes.
Light fixtures, cabinet hardware, and faucets are great places to save if you’re on a tighter budget. Since these items are easy to change, you can choose a lower-cost option to start with, then upgrade later as your budget allows. As a bonus, these items are the first to change with the new styles, so updating them every few years will keep your house on trend.
4. Opt for standard sizes.
Not everything in a custom home has to be entirely custom. When possible, choose standard-size doors and windows for your home. Non-standard doors and windows require customization that can eat into your budget and take longer to install.
5. Consider low-traffic areas.
Determine the lower traffic areas of your home, such as bedrooms, bathrooms, and basements that aren’t frequented as much during the day. Consider choosing more budget-friendly flooring in these rooms, while spending more on higher traffic areas such as living spaces and the kitchen. Also consider who will be using the space. Many parents will choose more cost-effective flooring for children’s bedrooms and playrooms, knowing they will have to replace it sooner due to wear and tear.
6. Choose your builder wisely.
The right builder can make or break your budget. An experienced builder will be able to work within any budget, large or small, and offer guidance on where to save versus where to splurge. Ask for references from previous home construction projects, and how often the builder completes construction within the projected timelines.
DDI is your custom home builder!
Our construction team has over 30 years of experience, giving us the expertise to make your dream home a reality without breaking the bank. We pride ourselves on providing quality construction, open communication, and innovative ideas to every project. Call us to start planning your new custom home!