Fortunately, there are several tips that can be followed that could help you to save money when you are trying to build a new construction home.
Follow the Right Steps
When you are looking to build a home from the ground up, it is very important that you follow the right steps and processes. All towns and communities have different rules in regards to approval and zoning processes. If you make a mistake in the process, it could lead to big delays and fines. Because of this, you should make sure that you follow the right procedure to make sure you can avoid these unnecessary costs.
Get Multiple Quotes
The best thing you can do to save money is to get multiple quotes from your general contractor. You should target at least three to five in total and then choose the best quote from a reputable GC.
Spend Time on Front End
If you would like to save money on your new construction build, you should also make sure that you spend time on the front end to finalize plans. This should include making sure that you spend as much time as possible reviewing drawings and architectural plans. If you end up making changes during the construction process, it could lead to big change orders to get what you want. These can be costly and will delay the process.
Find Your Own Sub Contractors
When you are looking to complete a ground-up construction project, your project manager will likely be able to find some sub-contractors. However, he likely will use people that have been used in the past. A better option would be to do some work to find sub-contractors that have a good reputation in your area and can handle the work for you. For example, finding a quality plumber or someone who can do hvac repair on your own could give you some negotiation power and allow you to save money off of the total cost.
While you should look to save money when building a home, you also need to remember that it is a place where you will live for a long time. Because of this, you will want to make sure that you get what you want out of it.
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- Editors of Creative Homeowner
- Publisher: Creative Homeowner
- Edition no. 0 (08/31/2016)
- Ken Colwell PhD MBA
- ClydeBank Media LLC
- Kindle Edition
- Used Book in Good Condition
- Pat Fay BSME
- Publisher: Pat Fay Incorporated
- Richard Lambeck, John Eschemuller
- Publisher: McGraw-Hill Education
- Edition no. 1 (11/27/2008)
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