New Construction: It Is All About the Budget
Building a New Construction Home is undeniably expensive, often costing more money, time, and effort than anticipated. Sooner or later, you’ll face choices between what you want but can’t afford and what you can afford but don’t want. It’s crucial to think realistically about your budget throughout the entire process, not just at the beginning. Here are our tips for you to reduce the stress.
Planning for Unexpected Expenses
Many homeowners recall how little costs added up during the home building process, from land purchase and permits to upgrades, landscaping, buying furniture, and more. It’s wise to set aside at least 15-10% of your budget for these unforeseen expenses. If you’re building a Construction home or another unique structure, consider your state’s permit requirements, which can range from simple to quite costly depending on the project’s size and scope. For more tips about wise budgeting check out our article: Homeowners Planning Major Renovation: Design, Budget and ROI.
The Importance of Patience and Flexibility
Constructing your dream Construction home involves making numerous decisions, and no matter how much you prepare, you can never fully predict the outcome. Even with the most advanced tools for understanding space and design, the actual build often feels different than the layout seen in blueprints or 3D renderings. Experiencing the space in person is always different from interpreting it on paper. Allow yourself time to rethink and revisit what has already been built. Often, light fixtures look different once installed compared to when you first see them in the box.
Additionally, it’s important not to rush the process to ensure professionals can do their job correctly. For instance, when laying tiles, it’s crucial to check for leveling with each piece. Similarly, allowing mud and plaster to fully settle and dry before sanding and painting is essential. Aim to get things done right the first time while keeping the project on schedule without causing unnecessary delays.
Additionally, consider other expenses such as electrical and plumbing upgrades (like dishwashers and garbage disposals), appliances (fridges and ovens), flooring (hardwood and tile), finishes (granite countertops and double sinks), roofing materials, windows and doors, lighting fixtures, and paint colors and finishes (for ceilings and walls).
Perfection It’s Imperfection
Building a new construction home means achieving what you want, but it doesn’t guarantee absolute perfection. Homeowners who have built their new construction homes agree that focusing on the big picture and not getting caught up in minor details is key.
Strive to incorporate as many of your top priorities into your house plan as possible. For instance, opting for a larger kitchen might mean compromising on another feature, like the number of bathrooms.
If something unexpectedly becomes more crucial to you during the process, consider discussing potential adjustments with your builder. While perfection may be elusive, you can ensure that your most important home project goals are met.
Leave Some Room for Outdoor Renovation
Many buyers focus heavily on the interior of their new house—the layout, storage space, colors, and finishes—but it’s crucial to remember the functionality of the exterior too. Consider incorporating a deck or patio during construction to enhance your outdoor living space, and ensure you include outlets and water spigots where needed. New Pools can also be attractive fixtures for your house, leveling up your whole backyard!
Curb appeal significantly impacts resale value, so it’s wise to prioritize exterior considerations during the design process.
Seek Advice from Others Who Have Built a New Construction Home Before
Some builders will tell you that house-building tips can vary depending on where you live, your needs, and the specific advice you’re seeking. For instance, advice for building an eco-friendly home may differ from guidance on whether to build a new home or buy an existing one. While building advice can vary by location and context, some general tips apply to most projects. Some homeowners might even provide a comprehensive list of advice for building a new construction home from start to finish. Remember to thank them afterward! Tips for energy efficient green building tips and tricks!
If you found this article helpful and are seeking more information or expert advice, don’t hesitate! Contact us today!
