Staying on budget is often an area of concern especially for first time custom home buyers. Here are a few tips to help keep you on budget.
- Know your priorities - What areas of the home are you most particular about? Where would you rather spend more money and where would you rather spend less? For example, if no one will ever see the play room upstairs, put more money into the entertaining areas in the home.
- Spend the money now if it will cost more later - There are certain items that can be easily updated as you live in your home. For larger projects such as flooring or cabinetry, it might be worth paying the cost before you move in.
- Leave a little wiggle room - There may be something that comes up during the construction process that you wish you had thought of during the design phase. Leave yourself some room in the budget to make these changes.
- Talk with your builder - Be clear from the very beginning about your budget restraints, what type of look you want to have, and what products you want in the home. Keep clear communication lines throughout the building process so there are no misunderstandings.