REAL ESTATE

5 Ideas for Building Your Custom Dream Home on a Budget

Building your custom dream home is something that most people dream of, and thankfully, it can be done on a budget.

1. The Lot Itself

Any time you begin to play building a dream house, you have to start with the lot upon which it will stand. In fact, the lot will be most of the expense when it comes to building your dream house from scratch. And, big, flat lots in prime locations will be quite expensive. To save money on the lot, you can select an “undesirable” lot. These include things like lots on slopes, narrow lots, or residential infill lots in less-than-prime areas in your town or city. Generally, with the right kind of planning and the skills of an experienced and conscientious contractor, you can overcome these deficiencies to achieve your dream house goals.

2. The Right Building Materials

It’s unfortunate that many of the longest-lasting building materials are among the least attractive building materials. Still, choosing vinyl siding instead of something prettier is a good compromise when you don’t have exorbitant maintenance and repair costs over the life of the house. Be sure to ask your contractor about which materials last the longest and take the most punishment. Then, try to incorporate those materials into your home-building plan.

3. An “Already-Ready” Site

You can save on the total costs involved by not having to blast out stumps, haul away rubble and/or debris, or make wholesale changes to the lot before even beginning to build. Pick a site that’s ready for building to begin immediately.

4. Avoiding Extra Hidden Costs

A combination of physics and building codes stipulates that if your house has a depth of more than 32 feet, then the roof trusses not only must be more plentiful but also be specially crafted. The extra trusses and special design add significant cost to the overall project. To combat this, you can decide to build higher or broader. Examples might be a three-tier split-level ranch design or a three-story Victorian.

Another way to save is to choose a stock blueprint rather than start a fully customized blueprint. In almost all cases, having a professional draftsperson modify an existing plan for customization is far less expensive than having that person draw the blueprints from scratch.

Should you want hardwood floors but want to cut that expense out of your beginning plan, then you can put down plain vinyl floors for now and then install the hardwood on top of them in the future. Vinyl floors just happen to be a fine underlayment for hardwoods.

5. Not Changing Your Mind

It’s far less expensive to stick to the plan rather than issue change orders halfway through construction. For example, if you decide on a concrete driveway, then it’s best to keep going with the concrete driveway even if you suddenly realize that you prefer interlocking brick. That’s why it pays to take your time when considering all the things that you want to include in and around your dream home. It’s also worthwhile to discuss everything with your contractor before breaking ground. That way, the contractor can advise you on the costs, feasibility, and overall safety of your new dream home.