1. Build from a pre-drawn plan, like the ones in this magazine.
Pre-drawn plans are a wonderful way to get a custom home for a lot less than hiring your own designer. Just about any plan can be adapted to ?t your needs and tastes, without breaking the bank. See page 190 to learn more about our custom modi? cation services.
2. Build green.
It doesn’t have to be more expensive. There are many simple and relatively inexpensive ways to build a home that uses less energy and water. Explore them. Rule 1: Don’t build more home than you need. When choosing a plan, look for designs in which every square foot is functional. With a smaller home plan, you can spend more on quality ? nishes and details, and your home will cost less to heat and maintain.
3. Keep it simple.
Look for classic designs and materials that will stand the test of time. Add your personal touches, but avoid trendy choices for big-ticket features with long lifespans, like ?oors and countertops. They will soon look dated and may affect resale value.
4. Develop a detailed budget.
Break down construction costs into a detailed line-item budget, so you know exactly where the money will be going.
5 Identify your materials and material sources.
Don’t settle for “allowances”. Figure out exactly what you want, then get ?rm pricing and quotes.
6. Get multiple bids from buildersand sub-contractors.
You’ve heard the expression “Measure twice and cut once”? In preconstruction budgeting, budget three times and build once.
7. Compare bids for details and accuracy.
Quotes and bids can vary widely. Compare the differences, especially items that appear on one bid but not another, and ask the builders to explain their bids.
8. Ask questions.
You have the right and responsibility to understand the entire process. Don’t hesitate to ask questions of your suppliers, contractors, and building authorities. Their answers may help you avoid costly surprises.
9. Budget 5% to 10% for cost overruns.
Unforeseen circumstances almost always crop up, requiring additional funds. And if you haven’t spent your contingency fund by the time construction wraps up, you can splurge on some ?nishing touches.
10. Avoid changes.
Finalize any changes to your home plan before you start budgeting, and ?nalize your budget before you begin building. Then stick to it.