How to save money when Building a House

9 Jan

8 tips to save on your new home build

Tips for keeping cost down when Building

8 strategies to reduce costs when building a house

Avoid making changes to your home design once construction begins - changes almost always lead to additional costs & time
Have a professional take a look at your building contract before you sign (So you know exactly what’s in what’s out & what you need to know to set yourself up for success during the build)
Ensure the design plans and specifications are as detailed as possible before signing the contract
Request materials to be ordered early, especially items with long lead times like windows, doors and custom items
Have regular communication with your builder about potential variations or extensions of time
Put aside a emergency budget of 5-10% for unexpected issues & variations
Create a scope reduction wish list to offset new variations costs when needed
Document all discussions about costs and get variations in writing before work start

Tips for avoiding extra costs when building a new home:

Avoid whenever possible making changes to the design or specifications once construction begins - changes almost always lead to additional costs & time
Have your Building Contract reviewed by a professional before you sign
Ensure plans and specifications are as detailed as possible before signing the contract
Request materials to be ordered early, especially items with long lead times like windows, doors and custom items
Have regular communication with your builder about potential variations or extensions of time
Keep a contingency budget of 5-10% for unexpected issues
Create a scope reduction list to offset new variations costs when needed
Document all discussions about costs and get variations in writing before work proceeds

Happy building! 💚

Thanks for reading and catch you on my next post :)

Annelyse

Construction Management | M. Construction Law