Anyone who intends to build a custom home in Dallas or surrounding communities such as Flower Mound or Highland Village knows the costs will be substantial, but it IS your home and should be just as you’ve always dreamed. That being said, there are many ways that those who decide to build a custom home can save thousands of dollars in the process. At Bud Bartley Custom Homes, we have a few tips and suggestions that will help you hold on to a bit more of your money while building the home of your dreams.
If you own a home and are willing to put in some work, list your home for sale by owner. Selling your home yourself is a bit easier if you live in a neighborhood that’s in high demand, however be prepared for a few disappointments along the way until you find a buyer who qualifies. In the end, you will save thousands of dollars.
Know someone who has built a home? Borrow their home design books and magazines. These books can cost a small fortune, so if you have a friend, co-worker, or family member who has a few, ask to borrow theirs.
Bid out your cost to ensure the home builder you choose is in the ballpark. While you may have chosen a builder, how can you know his bid is fair? Bid out the cost, and you may see that there are tens of thousands of dollars difference between builders. Hopefully the builder you want to use gives you the best bid.
Secure a good banker and stay in constant contact. The right banker can save you a huge amount of money not only in the initial stages, but in terms of the interest you will pay over the lifetime of your mortgage. By staying in touch, you can lock in the lowest possible interest rate.
Shop online. Many items, including vanities, faucets, kitchen/bathroom sinks, cabinet hardware, etc. can be purchased online at a lower cost – and many merchants offer free shipping. It doesn’t hurt to comparison shop, and it could save you a ton of money. Lighting and even exterior doors are other things you can find online at a steal. Also, search for coupon codes before you buy.
Use your own time and skills. Perhaps you are skilled in installing kitchen cabinets or flooring, or are a handy painter. Whatever you can do (or family members/friends can do) will cut down on costs. Be sure all involved truly have the skills, otherwise you could end up spending more money because of do-overs.
Most people who choose to have a custom home built in Flower Mound, Highland Village, or other prestigious areas are financially secure, however it’s always great to save money when and where you can!
If you’re considering a new custom home in the Dallas area, trust Bud Bartley Custom Homes to meet and exceed all of your needs.