When it comes to building a new home (for single
or double story homes), no matter what kind of person you are, where you live
or which builder is building your home, one thing remains consistent and that
is the presence and importance of a good budget. It can be all too easy to lose
sight of your budget during the build process due to uncertain factors or
unusual circumstances. There are a few tips though that you can have up your
sleeve before going in to deep and losing sight of your budget. We have compiled
a few for you.
- Extend your margin
When you sit down to do a budget, think through
all the things you can about what you need money for, once you have done that
add a couple of thousand or more on top as a “buffer”. You never know how many
unexpected costs may arise that you need money for. If those costs do not
arise, then you have a little extra money at the end. But it is better to over
budget than under budget. It can help as well to have a rough idea or maybe a
copy of the single or double storey house plan you are going with.
2.
What are your
non-negotiables?
Before you begin construction it is worth your
time to sit down, and whether it be by yourself or with the person your
building with, figure out your non-negotiables. What do you not want to change?
or what do you HAVE to have. There are always a few things that people do not
want to compromise on, for example these can be things such as: a guest room
with a bathroom, polished floors, timber floors, certain light fittings, a pool
etc.
3.
Study up and be prepared
With anything in life that involves a large
amount of time and money adequate research needs to be done. One way you can
research is to visit display homes, even if the builder you are going with doesn’t
have display homes, you might as well drop into some other builders display
homes and have a look at the features. Some features that you had your heart
set on may not be as appealing in person, so it is worth looking around.
Another approach to research could be to ask any family or friends who have
built a home before. They would have incredible insight into the whole process
along with home
builders in Perth and what’s worth putting
your money and efforts into and what is not worth it.
4.
Swap or trade
Staying within your budget can be tough, so be
flexible and willing to swap what you wanted for a less expensive product. For
example, maybe you really wanted high end marble bench tops but it doesn’t sit
in your budget, ask your builder for other options. Maybe they can suggest a
less expensive stone that has a similar look and style without the extravagant
cost.