The good news is that we have broken down which parts of your home cost the most and which parts of your house you’ll need to budget for.
We’ll help you find out what you should invest in and what you can do later with our helpful guide.
1. Your Lot
Everyone knows that your home’s most expensive part is the lot you’re building on. If you want to build your home in the perfect location, you’ll have to pay for it.
After all, land isn’t cheap, and you want to build in one of the more desirable areas.
When looking at lots, you’ll still need to add more to your costs by surveying the area, inspecting it, and possibly adding plumbing and electricity to your home.
Remember to always get professional advice when you’re choosing your lot, or you may be less than impressed with your results.
2. Your House’s Foundation
Your foundation is the skeleton of your home and, unsurprisingly, one of the most expensive parts of a house.
This is so expensive because you need to pay for the materials and skilled laborers to complete it. While it’s not as expensive as the foundation, it’s still more expensive due to the amount you need.
When doing framing, we don’t suggest you cut any corners either. You need to do the framing correctly, or you may notice some quality control issues further down the line.
3. Landscaping
While not many people consider landscaping to be a part of the home-building process, it is still an essential part of the process. You must remove the shrubs and mulch and work on other landscaping needs.
People forget that landscaping is just as essential to your groundwork as the foundations, especially if you want to have a garden you can enjoy.
4. Plumbing And HVAC
Every building needs plumbing, HVAC, and electrical systems. Unfortunately, you can’t prevent the price of your electrical system, but you can adjust your plumbing and HVAC costs.
You can choose different materials for your actual piping system. You can also find different types of HVAC systems, with some having a lower cost.
However, we should note that if you get cheaper HVAC systems and piping, you may have to pay for them in the future.
If your piping is of lower quality, it likely won’t affect you until your house is older, but your HVAC system will need to be replaced if it stops working.
5. Doors And Windows
Doors and windows can be pretty expensive, depending on the style you choose. However, that doesn’t mean they’re all expensive. It all depends on your preferences and how much you want to pay for your glazing.
You don’t want to get doors and windows that are too cheap, as you want them to last for an extended period.
You might also need to pay more for heating and cooling, so keep an eye on the quality to ensure you don’t end up spending more in the long run.
6. Siding
Siding can get pretty expensive, especially if you don’t pick the right one. You can use many materials outside your home, but you don’t want to spend too much money.
Custom sidings can increase the amount you pay, and the price can quickly rise over time. So, you should consider choosing vinyl siding, as it’s a lot more affordable than LP and Hardie.
7. Flooring
Although flooring depends on the type you buy, there is one type you should especially avoid. Wooden flooring is incredibly expensive, especially exotic woods.
Instead of choosing wooden flooring when building your home, you should choose a more affordable material, or it will begin to cost more and more.
8. Lighting
Although lighting is essential, the price can quickly add up. Although lights are normally not expensive, you’ll find they can get pricey when you look at custom home builds.
Instead of looking at designer industrial lights, you should focus on more affordable lighting.
You can always invest in expensive lighting later, but when you’re building, it’s best to stick to the basics so you don’t spend too much in one go.
9. Roofing
Now, we can’t forget that roofing can get expensive. While most of us will use the standard materials, there are also other types you may be tempted by.
We recommend sticking with the standard roof and try not to stick out with a distinct style.
If you spend too much money on your roof, it can feel like a waste. After all, how many people do you know that have been complimented on their roof before?
It’s best to stick to the usual roofing materials and style if you want to afford other items.
10. Appliances
Last but not least, we have your appliances. When you’re building a home, it’s easy to get lost in all you can do to get your dream home.
However, that doesn’t mean you can start paying for items and appliances that are out of your budget.
Instead, you should focus on the appliances you already own. Don’t buy a new itinerary unless you have to. Your appliances will still be good; if you already have one, you don’t need a new one.
While it can be nice to have an entirely brand-new kitchen that’s been kitted out, you can always refurbish it again in the future.
Final Thoughts
It’s easy to get lost in the novelty of building a new build, but you need to remember to stick to a budget. Don’t be tempted by all the new items and latest styles, or you may notice that your house is becoming more expensive by the day.
If you’d like to know more about custom builds and how to save money on them, don’t hesitate to check out our website. We have all the information you need and more right here.
Hey! My name is Luke. I am the Co-founder of PowellCustomHomes.com, it’s great to have you here at our site. With a combined 20 years of experience, we can help you build the home that you want, specific to your requirements and lifestyle.
No task is too small. We can guide you and offer advice, no matter if you are filling in gaps in the wall, hiding cords, or simply fixing up construction mistakes. We love to help, and strive to do so in any way that we can.
