We all want nice things, but we also want to save money. Custom building our home is considered nice but also expensive.
Although there are ways to make custom build homes more affordable. We only have to be wise about it.
Purchase A Large Lot
You might think how you would be able to save money if you purchase a large lot. A large lot means it is also costly. But, if you have a friend or family you would not mind being your neighbour, you could both purchase a lot big enough to be split into two smaller lots. At least when you have someone to share the expenses with, you would not have to narrow your search.
Go Off the Grid
Of course, a lot of first-time homeowners would want to build their home in the middle of everything because of its accessibility. But if you are willing to “go off the grid” you could purchase cheaper lots. Lots that are not as marketable as others as well such as those with narrow roads leading to it or near the hills would fetch for a low price. You just have to find competent builders south east Melbourne to work with your lot and still build your dream home.
Use Low Maintenance Materials
These low maintenance materials are costlier than their counterparts but in the long run, you’d see that you saved more since you would not have to repair or replace them as much in the future.
Splurge Vs. Save
When you are designing or furnishing your custom build home, you want to splurge on furniture and features such as a gazebo or a swimming pool or even a sauna. But, if you are trying to stretch your money, you have to decide on which items you could splurge on and where you could save. For example, splurge on your home’s security. Don’t skimp on your doors and windows’ quality just so you could have an Olympic size swimming poll. If you really could not live without a pool, opt for a smaller sized.
Stick to Your Original Plan
If in case you have the money to purchase a lot in an exclusive subdivision or village, don’t compare your home to others. Stick to your original plan and don’t outdo your neighbours especially if you have a set and limited budget. You have to remember that the bigger the home is, the more expensive the maintenance and upkeep is.
Monitor Daily Construction Expenses
When construction starts, you would still have expenses and if you will not monitor it, you would end up overspending. Keep track of your materials and supplies as well. You would be able to save money by not ordering materials that you still have. Otherwise, you would end up with a surplus of supplies you don’t have any use of.
Keep these tips in mind and you would be able to have your dream home without taking an extra loan from the bank you might have difficulty paying for in the future.