Here’s a summary of all the comments (from my private FB Group) to the question:
“What are the best ways you saved money during your build”
1. Consider a Cost-Plus Model:
• If you finance the build yourself, you control all purchasing and avoid builder markups.
• Always get lien releases with every payment draw and verify insurance certificates from subcontractors.
• Include a 10% holdback after substantial completion to ensure all work is truly finished before final payment.
2. Plan Everything Upfront:
• Time is money: lock in decisions early to avoid costly last-minute changes and delays.
• Get detailed bids from each trade and ask for their advice on where you can economize or anticipate potential issues.
3. Keep It Simple:
• Choose a straightforward design (simple roof lines, standard ceiling heights, basic floor plans).
• Opt for standard materials and finishes—stock cabinets, laminate counters, standard doors and fixtures—to keep costs down.
• Remember, fancy details can add up fast.
4. Prioritize Structure & Systems Over Finishes:
• Invest in the “bones” of your home (foundation, framing, mechanicals) before splurging on high-end finishes.
• You can always upgrade countertops, floors, or fixtures later when your budget allows.
5. Buy Direct When Possible:
• Purchase faucets, tile, hardware, and sometimes even cabinets directly to avoid builder markups.
• Make sure you can handle timely deliveries so you don’t cause construction delays.
6. Shop Around & Ask Questions:
• Compare prices on big-ticket items like windows, HVAC systems, and flooring.
• Don’t be afraid to question proposed materials and methods—no one cares about your money more than you do.
7. Leave Some Spaces for Later:
• Consider finishing certain rooms, floors, or features in stages.
• For example, stain the concrete floor now and install more expensive flooring or specialized lighting in the future.
8. Monitor the Build Frequently:
• Visit the site regularly to catch mistakes early and keep your contractor on schedule.
• Staying involved helps ensure you’re not paying for errors or inefficiencies.
9. Consider Importing Materials:
• Sourcing windows, doors, and specialty finishes directly from manufacturers (even overseas) can lead to significant savings.
• Do your homework on quality control and shipping logistics first.
10. Question “Optional” Items:
• If a feature doesn’t add long-term value or isn’t essential, consider cutting it to save money.
• Remember: it’s your home and your budget—design for your needs, not someone else’s expectations.
