Are you starting to consider building a new house this year? There are plenty of things to consider, but the first thing to think about is the cost of this project. How much are you willing to spend? What’s the minimum? These are some questions you can answer together with your home builders.
The cost of the land is the first thing to look at. Depending on your location the price you can get for the size of the property will change.
Take a look at the cost of land in the area you want to live in. Also consider property taxes in the area, as that will affect your long-term costs.
Once you’ve decided on a plot of land you’ll know how much budget you have leftover. This is when you can start looking at things like flooring, paint, and upholstery. Budget out all the aspects of your home when choosing materials, unless your budget is extremely flexible. The little things add up!
Watch this video to learn a bit more about how the cost of your new home build is calculated. It will help you prepare for your own home build and to talk with your builder.