Any new building project is incredibly exciting but it can be nerve-wracking once you start adding all the costs up! You don’t have to take out bigger loans than you can afford or sacrifice your must haves just to make sure you have enough money at the end of the day. Here are some great tips for keeping your building costs down but if you want any more information or ideas, have a chat with your local builder
. They’ll be only too happy to share their knowledge with you to help you save money.
Keep Your Emotions Out Of It
One way in which building costs can rapidly start to rise is if you let your emotions play a part in the decisions you make. It is easy to fall in love with certain things and think that you absolutely must have them but you could end up falling in love with something that blows out your budget by thousands of dollars. Keep your budget in mind right from the start and listen to your builder or tradespeople when they tell you how much it will cost to add what you want. If the cost is affordable then great! If it isn’t, think about what you will need to sacrifice to be able to include it.
Choose a Good Builder
If you’re using a builder for your project, it’s absolutely vital to spend as much time as you need in finding the right one. Choosing your builder is definitely not something that you should rush. Speak to people that you know have built recently, asking them who they used and if they’d use them again. Thoroughly check out your builder’s reputation, licenses and qualifications. By doing your research, you’ll notice a few builders begin to stand out from the pack and you can make your choice from these. Picking a good builder will save you money as the job will be done right the first time and you won’t have to worry about having to get stuff redone, or your builder going AWOL and leaving your project half finished (everyone’s worst nightmare!).
Do What You Can
Anything that you can DIY will save you money, as you don’t have to get tradespeople in to do it for you. Just be careful not to overstretch yourself otherwise you’ll end up having to call someone in to fix your mistakes and this will just cost you even more! Some jobs that you might feel comfortable DIYing include painting, landscaping, tiling, and paving. Almost anything that’s not plumbing, electrical or structural can be DIYed but always make sure that you are working within your comfort zone.
Become an Owner Builder
Finally, something else that you might like to consider is to become an owner builder. Owner builders are responsible for managing the building project, including the tradespeople, and the supply and delivery of materials. You may even do part of the construction work yourself. There are owner builder courses that you can do to get certified and ensure that you can be registered as an owner builder by your local council. Becoming an owner builder can save you literally thousands of dollars, as much as 40 percent off the total cost of your home (40 percent off what it would cost a builder to do it, that is).