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How to build a home on a budget

Building your dream home won’t always seem easy, but it is most definitely worth it. Of course, self build homes come in all shapes and sizes, with their build costs often varying greatly. We’ve taken a look into some ways you can save those crucial pennies and build a home on a budget.

Getting started with your build

When you first begin to work out your budget, it makes sense to plan and weigh up all of the costs involved. There are so many aspects to consider, some of which we’ve included below as a handy reference.

Costs to consider:

  • Land
  • Labour & Materials
  • Utilities
  • Insurance
  • Finance
  • Contingency
  • Professional Fees

How to get an idea of costs

One of the best ways to get an idea of your house build costs is to speak to local builders. However, you need to note that these can vary across contractors.

But don’t you love it when you work out the cost of something and you overprice it slightly? When it comes to your build budget, it’s better to over calculate slightly by rounding your figures up – Leaving you with more money left over than you expected.

It’s far better to be prepared than be scrambling around looking for more money to add to your budget.

Save money by considering a simple design

Building a house with a complicated design will of course, increase both your labour and material costs. If you’re looking to build a home on a budget, consider a simpler design.

Also Read: Projects That Don’t Require Planning Permission

Georgian-style houses are both elegant yet simple designs, usually based on a straight-forward box shape. Saving money on the basics doesn’t mean you have to disregard all the fantastic ideas you have.

DIY your way to a smaller build

Those that have already built a house on a budget will tell you: If you want to build a home on a budget, you need to be prepared to DIY what you can. If you’d rather not get stuck in, paying others will most definitely increase your costs. But there are areas you can do yourself, including:

  • Decorating
  • Basic landscaping
  • Project management
  • Buying materials

For more tips, check out this great budget guide.

Of course, some tasks are best left to those that know how – Especially electrics and plumbing, amongst a range of other things.

Consider what you need VS what you want

When working out your budget, there are usually two lists that you can make:

  • What you need
  • What you want

What you need cannot be avoided – For example, bricks, insulation etc.

Don’t compromise on style when it comes to your kitchen space

The ‘want’ category usually contains the ideas of your dream build that could quickly rack up costs. Or, it could contain things you’re thinking of for inside your home, such as your dream kitchen. Your kitchen space is a great place to reduce some of your costs without compromising its design or quality. But how?

  • Go to smaller local firms and shop around for the highest quality at reasonable prices.
  • Don’t rush into it and buy the first kitchen you see.
  • Find units that you can possibly paint yourself to achieve your desired look. You’ll be amazed at how a little DIY can turn a kitchen around.
  • Mix up basic and luxury fittings. Nobody is going to know how much fittings cost, and you’re not there to admire them. Find high quality doors from a supplier and then nab standard carcasses from elsewhere for example.
Also Read: How Extending Your Home Can Maximise Your Space

Are you ready to think differently about your design?

Hiring an architect is great when your focus is design, rather budget. But there are ways to build a home on a budget, with great design! Perhaps consider an architectural technologist or skilled local house designer who will be able to help you draw up workable planning and building regulations.

Hire an estimator

We know we may be blowing our own trumpets a little here… But when you work with an independent building cost estimator, you’ve got a greater chance of keeping to your budget. Our accurate cost estimates are broken down in fine detail, with all the information you could need as to where your budget needs to go. 

Still unsure? Get in touch with our team and we’ll help you keep your build budget on track.