Building Your Dream Home: 4 Ways To Stretch Your Budget

So, you're finally ready to build your dream home and have it just the way you've always wanted. Good for you—this is very exciting! But at the same time, you're a little worried about staying within a comfortable budget. Don't worry; with a little bit of care and planning on your part, there are all kinds of effective ways to stretch your budget and save money on your new home construction project without making big sacrifices in the process.

Source Your Own Building Materials

Many contractors will gladly take care of finding and ordering all of your building materials for you. And while this surely saves you the time and hassle of doing it yourself, it may also be costing you more money. Consider speaking with your contractor to see if he or she would be open to the idea of you sourcing some of your own building materials for the project. This way, you can shop around and find the best deals on supplies while still having them installed by a professional.

Opt for an Open Floor Plan

These days, open floor plans are very popular in modern home designs. They also save money on construction costs, since they remove multiple separate living spaces from the blueprints (which also eliminates costs related to extra drywall, doors, etc.). Generally, an open floor plan combines a living room, dining room, and kitchen into one large area with great sight lines. If this is a plan you can live with, speak to your home designer to see how much money it could save you.

For the Easy Stuff, DIY

While you definitely want to leave the major construction work to your contractors and subcontractors, there are probably some things you can help out with around the house as a means of saving money. From laying tile and painting to hanging window treatments and every small project in between, make yourself available whenever possible. You'll cut down on labor costs and get to enjoy actually taking part in the completion of your dream home.

Avoid Peak Season

Finally, understand that peak season for most construction companies to build new homes is during the spring and summer. By starting your building during non-peak times, such as during the fall and winter, you may be able to save a significant amount of money on your building costs. Of course, this will depend on the area of the country in which you live, as harsh, frigid winters may make home construction near impossible.