The Most Expensive and Least Expensive Aspects of Building a New Home

The Most Expensive and Least Expensive Aspects of Building a New Home
  • Opening Intro -

    Building a new home affords you the unique opportunity to choose exactly how your house will be built.

    While building a new home is certainly worth the cost, it's a good idea to understand just what these costs will be, both large and small.

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To help you get a better handle on your home-building budget, here are a few expensive and not-so-expensive aspects of building a new home.

Land Acquisition

Unless you’re planning on building a house in the middle of a city, land acquisition costs tend to be fairly low. An unimproved piece of land, though full of possibilities, requires a lot of work to ensure it’s ready for a house.

Since most land sellers don’t do this work themselves, you can often get a plot of land for a great deal, allowing you to clear the first hurdle of home building without spending too much money.

Land Preparation

Although acquiring land is fairly inexpensive, preparing that land for a home can be costly. The main cost arises from the sheer amount of time that it takes to properly level the land so that you don’t run into issues with your home in the future.

If there are unusual topographical features on your property, the time required to prepare the land could be even longer, resulting in an even higher cost.

Pouring the Foundation

Every good home starts with a solid foundation. The good news is that, depending on the type of foundation you choose, this may be one of the less expensive aspects of constructing your new home.

Especially if you opt for either a slab or crawl space foundation, your costs will be minimized since the builders won’t have to do too much digging. Even if you opt for a basement, you can still minimize costs by using certain construction techniques that lessen the amount of time it takes to assemble the basement walls.

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Framing

A house cannot stand without a frame. Whether you choose wood, steel, or concrete, framing your home will be a major expense.

The amount of material required to frame even a small home is significant, especially if you want to invest in quality materials and sound construction techniques. Fortunately, many home supply centers offer bulk discounts when you buy large quantities of materials, helping you to save at least a small amount of money.

Roofing

Your home isn’t complete without a roof. Luckily, this part of building a new home doesn’t have to break the bank or be the most expensive part of your home.

Most builders have a roofer that they work with, but if you have the opportunity to scout for options, consider looking for companies that have done residential roofs in your neighbor’s homes. That way you can have a good idea of what their work looks like and you’ll be able to talk to your neighbors about their experience with the roofer.

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Stay the Course

After you set out on your home-building adventure, it’s important to stay the course all the way to the end. That’s because any delays during the process will likely end up costing you more money.

Even when the details become overwhelming, stick with the procoess so that you can enjoy your new home as soon as possible for the least amount of money.

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