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Ways to Save Money When Building a New House

Building a home can be more expensive than buying one. It does not have to be, though. And if building a home can yield you the home of your dreams or at least one that really fits your life, then it can be worth the hassle and expense. But to help you cut down on the expense, here are some things you can do to keep costs down when you are building a home.

Shop Around for the Best Contractors

The best contractor is not always the cheapest contractor. Sometimes you really do get what you pay for. Skimping on a contractor can mean costly delays and subpar work. Those mistakes and delays can cost you more than paying for a better contractor. That does not necessarily mean you have to go with a top-of-the-line price tag, either. Go for the contractor in the middle of the price range but who has great reviews on websites like Yelp. You might pay a little bit more than the bargain basement contractor, but you will likely more than make up for it in quality.

Do It Yourself When You Can

Unless you are a master electrician, plumber and contractor, then you probably are not going to be able to do it all yourself. But there are certainly projects that you can do yourself. And doing it yourself rather than outsourcing it will save you a lot of money. For example, installing an electrical panel is certainly a job for someone who knows what he is doing and has the certification and insurance to prove it. But you can do typical DIY on things you might DIY anyway, like flooring and paint. You can save money on those materials and any tools you may want by using Home Depot coupon codes.

Purchase Materials Yourself

When a contractor purchases materials for you, he marks them up 30% to 50% of their retail price. Before hiring a contractor, see if he is willing to give you a list of materials and allow you to purchase those materials for them. If so, you may be able to write that into your contract. Just remember, you are not only looking for the least expensive materials. You are looking for lumber that is not marred or warped and fixtures that will fit in well together.

Keep It Small and Simple

One of the best ways to save on building a new home is with the design. You should keep the foot print as small as possible with out sacrificing functionality. Keeping the design simple and open are also good ways to keep the costs down.

Build During the Off Season

When possible, build during the off season. Contractors have busier seasons and slower seasons. During the off season, most contractors will be willing to charge a little less in order to get the work. Of course, working during the off season may mean that your contractor has to lay road mats on the site to prevent construction vehicles from getting bogged down in the mud, but mud is a small sacrifice to pay. You should check with some contractors to find out when the busy season is and when they are willing to work in the off season.

Building a new home is a big undertaking. It can be consuming of both time and money. Let these tips help you to find ways to save on costs when you can.