Builders like David James Home Offer Tips to Slash Construction Costs

There are many advantages in building a home over buying an established one. Custom builders, like David James Home, give you the luxury to choose your new home’s layout and pick your preferred fixtures, windows, etc. Basically, your new home is move-in ready by the time you turn the key—and that’s all for a single price.

Nonetheless, construction costs can easily exceed your budget if you aren’t careful and get carried away. Below are some tips to help you avoid bill shock when building your new home:

1. Make up your mind. Experienced builders can be flexible when accommodating change orders mid-construction, but take note that this can mean significant and expensive rework, a trip to the local building authority, additional permit costs, and restocking fees. Every change you make increases construction time, resulting in increases in labor cost and loan interest. Taking the time to plan every single aspect of the construction can save you a lot of money. If you must make changes, keep them at a minimum.
2. Time it right. Winter is a slow time for the homebuilding industry, meaning you are likely to get lower prices. Additionally, since there’s less work to do, your builder can provide you a more focused and detailed service.
3. Get a construction loan. If you purchase an existing home, the whole loan amount is used to pay for the property and then you make repayments until it’s fully paid off. This kind of setup, however, is not ideal if you are building a home. If you pay off the loan while it’s still under construction, you’ll be paying higher interest rates. On the other hand, you spend less if you get a construction loan because the interest is isolated to and computed per building stage.
4. Trust your builder. For construction work to go smoothly, a good relationship between the builder and subcontractors is essential. Your builder knows the best person for the work your custom home requires. This is why it’s important to work with respected custom home builders, like David James Home, since trustworthy builders surround themselves with similarly trustworthy subcontractors.

To reduce your costs, yet ensure that your home’s built to the utmost quality, careful planning and a resolute mindset is essential. Your builder will deliver you results, but essentially, you’re still the lead foreman.

More homebuilding tips are available at SFGates.com and HowStuffWorks.com.

For more details, search David James Custom Homes in Google for related information.