Friday, November 7, 2008

Building your own house and save money

Thinking about how to build your own house, but are not sure what the process is or how to build a house goes? Well, building your own house can be rewarding but it can have its headaches, and mainly because of cost overruns, which is why it's always recommended that you plan on having an extra 5 to 10% available for any overrun on your budget. This amount is used for things that you can't control.


When you are trying to build a home It's important that you decide every stage of how you go about it even before you initiate the building process. It is only when you plan well, that you will avoid spending more money than you want to on the home. It is only when you plan well, that you will avoid spending more money than you want to on the home.

1. Make sure you write everything down and plan everything before hand including the cost of each stage of the home building. Plan and estimate the costs of each stage of the construction, and get quotes from each contractor that will work on the building.Make sure you get the plans to the house drawn out. Make sure you get the plans to the house drawn out. This way you will know what the house will look like even before it is built. When you have the plans drawn out you will also have a clearer view of what the house will cost. You should also visit home products stores so you have an idea of how much light fixtures, flooring, and plumbing will cost.

2. Once you have done that, then you want to ask for the right materials from your contractor and have him quote his price using those materials that you have chosen.

3. If you plan everything as much as possible before the contractors even start building, then you avoid any change in orders. Any changes you do after building has started will involve a cost in most cases. If you choose to make a change after construction has started then you should consider the financial implications and whether it is worth changing or not.

4. Note that if you plan on building a two story home, a large home, or a style that is more time consuming you will drive up the cost of the house. The shape and type of home you choose affects the amount of money you spend. The size, shape and type of home will influence how much you pay in construction.

5. Be sure to save extra money for the unforeseen needs. When the contractors come in to prepare your land, they may come across things they hadn't counted on, and these may drive the cost up. When the contractors come in to prepare your land, they may come across things they hadn't counted on, and these may drive the cost up.

If you don't know how to build your own house, then you don't know that there are many factors and many people that come in to build a home. You have a contractor that works on the foundation, a contractor that works on the framing of the house, a contractor that works on roofing, a painting contractor, a flooring contractor, a plumbing contractor, and an electrical contractor.

Because there are so many different skills needed in building a home, it is easy to run into cost overruns. These extra costs are more likely to happen either at the beginning or at the end of the building when you start to choose your finished accessories.

Most people that build a new home run into difficulties when they have to add things like cabinets, plumbing fixtures, flooring etc. This is where homeowners start paying more than they estimated, and the reason why it is so important to price everything to build your own house before your start construction.

No comments: