4 Cost-Saving Tips for Custom Home Buyers

Buying a custom home is one of the biggest investments you will make in your lifetime.

With proper budgeting and extensive planning, you will be able to build your dream home without any surprises and hopefully under budget. Our team of custom home builders in northern Colorado knows a thing or two about building a custom home with a budget, so take a look at our tips below, and contact Classic Custom Builders to get started.

 Kitchen view of cabinets and appliances.

Spend Where It Counts — Invest in Quality

It is important to think in terms of what you want and what will get you a nice return on investment in the future. Splurge on functional things that make sense for you, your family, and your lifestyle, and be willing to be a bit more frugal with features that are purely for want, not necessity. You may also want to think ahead and select items that will add value to your home, so if you ever decide to sell, you can get a return on your investment.

 Older couple researching appliances on their laptop.

Research Appliance Costs

Appliances are going to be one of the largest expenditures in your custom home buying process. There is a lot of variance in appliance costs, so doing research will help you select appliances at prices that make sense for your budget. Energy-efficient appliances will also save you money in the long run, so be sure to research those options as well.

 Home loan concept: Man holding a little toy home in his hands.

Compare Building and Construction Loans

Most homeowners are familiar with traditional mortgages. If you are designing and building your own home, finding financing can be very different. Find out about lot, land, and construction loans, and shop around to save money. Look at lenders that have more manageable interest rates and down payments, and make sure you understand everything when it comes to the fine print. It can be all too easy to be caught off guard by a loan when you don’t pay enough attention.

Two men shakings hands.

Communicate With Your Builder

We cannot emphasize this enough! Communication is key even if you are not working within a budget. We highly recommend homeowners talk to their chosen home builder from the very beginning, laying all of their expectations out on the table. If there are design features you’d love to include, let them know early on. It is much easier, and much less expensive to change layouts during the design phase. Changes made in the building process are usually much more expensive.

This is by no means meant to be an exhaustive list, as there are many more things to consider when you are trying to build within a budget. If you ever want to learn more about the home building process, get in touch with the northern Colorado custom home builders at Classic Custom builders. We would love to start working with you!

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