There are few journeys more exciting than designing your dream home down to the last detail. As thrilling as the experience may be, it is important not to get too carried away. Along with paying attention to maximizing functionality and aesthetic value, you also need to constantly be mindful of sticking to your budget. Here are some tips for building your dream home without spending a fortune in the process.
Take your time selecting your lot
Bigger isn’t always better. In fact, the larger your land, the higher the chances of running into costly challenges once the building commences. Take your time choosing the right land and double check that it can be built on without leading to exorbitant expenses down the line, such as having to blast through rock, level certain areas, or uproot trees. Unfortunately, as areas continue to develop, finding a great piece of land can prove ever more challenging. This is why it pays to partner with a knowledgeable and experienced realtor who can guide you in making a strategic choice.
Choose the right architectural design firm
Some firms will be all too keen to convince you to spend a little more than you originally said you could afford, while others will be happy to assist you in upholding your budget. Further to this, it is also preferable to select an architectural design firm that can cover all aspects of the design of the interior and exterior of your property. That should include general architectural planning and design, plumbing selection, floorplan customization, ceiling design, fireplace design, and more. Alongside this, the company should offer a wide variety of designs similar to those at McArthur Homes, to fit everyone’s needs so that you aren’t restricted when deciding.
Go green
It is vital that you remain aware of not only the direct costs associated with designing and building your dream home, but also the costs associated with keeping your household running once you’ve moved in. Keep month to month expenses to a minimum by paying attention to investing in ‘greener’, more sustainable additions, such as solar power, roof insulation, building a south-facing roof slope, eco-friendly building supplies and solutions, energy-efficient appliances and furnaces, etc.
Think carefully about finishes
You can cut costs on routine maintenance by being cautious about how you choose to ‘finish’ your house. For example, you’ll be able to get away with a few more imperfections if you opt for an ‘industrial’ aesthetic compared to if you go the modern, manicured route instead. Also, don’t rush into making a decision regarding flooring. While it can be tempting to choose a cheaper alternative to wooden flooring, for instance, you will usually find that you’ll have to replace it a lot sooner than you expected. Often, you can end up spending a significant amount more in the long run. Wooden flooring may seem pricey at first, but it is relatively straightforward to maintain and, if properly cared for, can last a lifetime.
The key to keeping costs down when designing and building your dream home lies in connecting with the right experts and asking for professional advice as you go along. Try to enjoy the journey just as much as you will eventually enjoy the house itself!
Veeramachineni Lalitha
I am Finance Content Writer. I write Personal Finance, banking, investment, and insurance related content for top clients including Kotak Mahindra Bank, Edelweiss, ICICI BANK and IDFC FIRST Bank. My experience details : Linkedin