Purchasing a home is one of the largest investments most people will make in their lifetime. While many people choose to purchase an existing home, there are several benefits to building a custom home from the ground up. Building a custom home certainly is not a “cheap” option, but it can be far more cost-effective than most people think. As leading providers of custom homes, the team at Alderidge Construction knows that the cost of these living spaces can vary drastically based on the design and material choices made during the construction process. That is why we have provided a list of cost-saving tips for custom homes to help you reduce costs without compromising quality or comfort.
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4 Ways to Save Money When Building a Custom Home
The following tips can help you reduce the cost of your custom home while maintaining a high level of comfort and a perfect fit for your lifestyle:
1. Choose a Smaller Home with an Open Floorplan
In most cases, larger homes will cost more than smaller homes due to the additional materials and labour required. Instead of opting for a 2,500 sq. ft home with a traditional floorplan, consider building a 1,500-2,000 sq. ft home with a seamless open floorplan. This type of layout will give you the feeling and flexibility of a larger home without the larger price tag.
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2. Select Cost-Effective Materials Where You Can
There are always opportunities to save money on features like appliances, lighting, and flooring. Instead of choosing traditional hardwood floors and elaborate light fixtures, consider high-quality laminate flooring and standard light fixtures. These options provide a great balance of quality, appeal, and value while allowing for upgrades in the future if desired.
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3. Build with Efficiency in Mind
Energy costs account for one of the largest expenses of home ownership. When designing your custom home, it may be worth spending a little extra on quality insulation and efficient appliances. These higher initial costs will be quickly offset by the reduced energy costs each year, making them a worthwhile investment. In addition to value, these choices will make your home more comfortable to live in during summer and winter.
4. Choose the Right Custom Home Builder
When choosing a custom home builder, it may be tempting to go with the cheapest option. In most cases, this can result in additional costs due to poor planning or subpar workmanship. To ensure that your project stays on schedule and on budget, it is often worth your time to choose a proven custom home builder with an established reputation, even if they cost more initially.
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To learn more about how to save money when building a custom home, get in touch with the experts at Alderidge Construction. We can be reached at 1-844-RENO-453 or through our online contact form and will be happy to answer any questions you may have.