8 construction tips to save big when building a house

NO ONE wants to pay more than is necessary when building a home. But only the experts know how to save money on construction, right? Not necessarily. Here are a few tips that may help keep your building budget within reason, without compromising on the home you want.

1 . Buy a large lot with a friend or family member that can be split into two smaller lots. Some of the most appealing properties may be much larger than what you want or can afford, yet the seller may not be willing to break up a large parcel. So if you can share the cost with someone else (preferably someone you don’t mind having as a neighbour), you may be able to pick up a great building site for a reasonable price.

2 . Consider a so-called problem lot – a hillside, narrow or in-fill property. Generally, these types of lots are not as desirable as others, so they don’t sell as quickly and often go for a much lower price. With the right plan and a capable contractor, however, a potentially difficult lot might be perfect for your new home.

3. Buy low-maintenance building materials – vinyl siding and metal roofing, for example. Even if they are somewhat more expensive at installation, they will pay for themselves in the long run, as you won’t have to repair, replace, or repaint.

4 . Collect salvaged materials from demolition sites. Old barnwood, used bricks, and distinctive wood doors add inexpensive character to a home without exorbitant cost. Many times you can have the materials at no cost, as long as you’re willing to haul them away. Just be sure to check first with the owner of the building being demolished.

5 . Splurge only on those things you truly cannot live without. However, don’t skimp on structural components, or doors and windows – for the safety and security of your home, you’ll want to purchase the best you can afford in these areas.

6 . Don’t overbuild for the neighbourhood. A home that is better and bigger than any other in its area will not command a fair price at resale. Instead, the assessment will be coloured by the lower-priced homes around it.

7 . Monitor construction allowances as the home is being built to ensure you’re getting what you asked for (and are paying for). This includes decorative details as well as structural elements. If you and your builder agreed, for instance, that a particular brand of insulation would be installed, don’t accept a lesser brand – at least not without a cost adjustment.

8 . Use only a certified general contractor. The experience of a well-qualified contractor is invaluable to the home-building process. In addition, seasoned professionals have established relationships with suppliers and subcontractors – something you cannot possibly hope to get without years of experience in the business.