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Build Your Dream Without Breaking the Bank: 5 Tips For How to Build a House on a Budget
The median home cost in the USA is $226,800.
Are you hoping to build your own home for a much cheaper price? Then you need to consider every aspect of the build closely.
But, if you’re ready to build your dream home, don’t let financial fears stand in the way! Check out these 5 tips for how to build a house on a budget!
1. Build a Smaller House
Over the last four decades, the size of houses in the US have increased by 1,000 square feet.
Not only is this increase bad for our wallets, but it’s also bad for the planet. Furthermore, who really has the desire to do extra cleaning?
Could you live in a smaller house? Perhaps you’re not quite ready to live in a tiny house. But, building your own home enables you to customize your living quarters to be perfect for your requirements.
By building smaller, you’ll save on time and material costs, making the price of your home a lot less than if you added an extra 1,000 square feet!
2. Source Reclaimed Materials
It’s time to get thrifty. Write out a list of the materials you’ll need by consulting your contractor.
Then, set about sourcing reclaimed materials. Get in touch with others in the area who have recently built or demolished a home. Do they have anything you can use?
Consider checking websites such as Craigslist and even Facebook or put flyers up around town asking for specific materials.
3. Try out DIY
If you want to keep costs low, you’re going to have to get your hands dirty. But, this doesn’t mean you should start messing with the electrics.
Instead, you can certainly help fetch and carry if your physical health is up to it. You may also want to ask friends to help you.
Do you know an electrician or a plumber? What can you offer them that isn’t financial but is certainly worthy of their help and time?
This system of bartering shouldn’t be misused but is a great way of keeping costs low. Perhaps in the future, you can help with some DIY in your friend’s house!
4. Look for Alternative Building Methods
Nowadays, there are hundreds of different building methods to choose from. Do you want a sustainable eco-house or something more traditional?
Make sure you do your homework so you know which building methods are cheap but also inexpensive to maintain.
For example, how would you feel about living in a bamboo or straw house? Would you consider creating a home from earthbags?
5. Know When to Invest in Quality
Keeping costs down is all well and good until you realize you’ve spent too little money on quality and now have terrible issues that will cost a lot to repair.
Figure out what you need to spend the most money on, to begin with, and budget for this. You can ask around to find the best quote, but don’t just go for the cheapest option when it’s something as important as electrical work.
The cost of repairs on issues that you overlooked can hugely increase the cost to build a house. So, don’t overlook this!
Planning Will Help You Work out How to Build a House on a Budget
Are you looking forward to living in a home without much (or any) debt? Then, it’s worth planning exactly how you will do this!
After all the planning and preparing, your hard work will pay off and you’ll be living in your dream home!
If you’ve enjoyed this article about how to build a house on a budget, then check out the rest of our website for similar content!
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Kaya Wittenburg
Kaya Wittenburg is the Founder and CEO of Sky Five Properties. Since the age of 10, real estate has been deeply ingrained into his thoughts. With world-class negotiation and deal-making skills, he brings a highly impactful presence into every transaction that he touches.
He is here to help you use real estate as a vehicle to develop your own personal empire and feel deeply satisfied along the way. If you have an interest in buying, selling or renting property in South Florida, contact Kaya today.
