House construction is one of the most expensive projects that many people undertake. Construction is more expensive if you don’t have a clear plan. The cool thing is that you can lower the cost of construction by doing a number of things. Here are some of the things that you can do to lower the cost:
Hire a great architect
Although, a good architect will cost you a lot of money, he/she will save you a lot of money in the long run. Most experienced architects have come across many designs thus they will advice you on the best design to go for if you are strapped for cash.
When you visit an architect you should let him/her know about your financial situation and the professional will give you advice on what you should do.
Be cautious of the location
Did you know the location of the construction site greatly determines the cost of the house? Locations with homeowners association (HOA) often have restrictive rules that restrict you on the type of house that you can construct. They also restrict you on the type of shingles and other amenities that you can have on your plot.
Complying with these restrictions is usually very expensive. If you don’t want to spend a lot of money you should avoid locations with HOA.
Save on materials
According to construction contractors, the cost of materials accounts for 25-30% of the total home cost. The good thing is that you can save a lot of money if you buy the materials at a discount from affordable stores.
When shopping for the materials, you should avoid shopping in big-box-type home improvement chains. The best place to do your shopping is in the lumberyards. You should visit a few of your local lumberyards and request for materials’ quote.
You should go through the quotes and settle on the yard selling high quality materials at low cost.
Speed up the construction
If you are constructing the house using a construction loan, you should speed up the contractors to complete the construction as soon as possible for the bank to roll the construction loan into a mortgage which attracts low interest rates. When you complete the construction within a short time you will end up saving a lot of money.