Ways to Save Money When Building a New Home
A new build home can quickly add up, depending on your lot size, floor plan, home builder, and the design upgrades you make.
Here are 6 ways to save money and cut down on costs when buying a new build home:
1️⃣ Set a budget. Determine how much you can afford to spend on a new build home, communicate your budget with your builder, and stick to it!
2️⃣ Choosing a smaller floor plan is a great way to save money (or to give you the flexibility to spend a little extra on design upgrades).
3️⃣ Save where you can! For instance, you can find some great on-trend lighting options from Home Depot, Lowes or even Amazon. You can always go cost-effective now and upgrade later!
4️⃣ Know when to splurge. Outdoor living spaces, energy-efficient appliances, home offices, and updated kitchens are some of the features homebuyers look for in a home (which means that these upgrades will have a great return on investment).
5️⃣ Look at different builder options to find a reputable and respected one in your area. Research and compare a few different home builders before choosing the right one for you!
6️⃣ Avoid making change orders, as they can quickly add thousands of dollars to your final cost, and often can’t be built into your mortgage, equaling more dollars out of pocket!
Interested in buying a new build home? We’d love to work with you and guide you through the process! Contact us and we'd love to chat!