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Property

Building a Home on a Budget

by Linku2 Limited
27 June 2012
Update: 09 September 2018

budgeting
How often do you hear of the nightmares experienced by those who build their own property about budget blowout and the stress of extra costs and over spending.
Everybody has some sort of budget in mind when they plan to build and here are a few tips to keep in mind if you are limited and would like to maximise what you can get for those tighter budget costs.

1. Consider the size of the house you need. Smaller houses are cheaper to build but don’t cut back too far. If you are a young couple do take into consideration the number of children you might like to have, if you have family living overseas also take into consideration if they visit and you have three children how practical will it be. If this is a first time home and investment for you these matters may not be relevant but do keep in mind
2. Collect estimates early. Before you are even too far into the planning process start gathering estimates. While these will only be rough guides there’s no point in going down the track saying you want underfloor heating if your budget simply won’t stretch that far.
3. Make the shape of your building simple. Angles, corners, rounded edges will all add to the building costs
4. Consider what services you can complete yourself. This may include gib stopping, painting, curtain making and often certain types of flooring which can be laid with a little instruction
5. Shop around for your materials and services. Be prepared to negotiate, you may not get a discount on that oven or dishwasher but at the very least you might get a free toaster or a year supply of dishwasher tablets! Consider clearance stores or seconds as often this can save you lots of money and the flaw may be hidden in your layout
6. Consider package lots or basic finishes. Fixtures, taps and tops can always be upgraded later once you have more money. Consider open shelving which can be replaced later
7. Consider recycled materials and estate auctions. Items can add character to your place and if you change your mind they can always be replaced when the budget has grown again
8. Landscaping can be done on a budget. Level the land, grass your lawn and you can add your exterior design and flower beds later Whilst you might be building on a budget do consider your expenses down the track. It is worth putting greater emphasis on the basic building blocks of your home including energy saving heating options, water conservation and ventilation and, yes, it is wise to have a Plan B if you find your costs are spiralling out of control!

from Linku2 Limited
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  • Home
  • Linku2 Sites
    • Linku2 Hibiscus Coast
    • Linku2 School Holidays
    • Linku2 North Shore
    • Linku2 Retirement
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    • Linku2 Finance
    • Linku2 Markets
    • Linku2 Tauranga
    • Linku2 Other Sites
  • Linku2 Articles
    • Babies and Kids >
      • Grandpa So What's In a Name
      • Grandma So What's In a Name
      • Meningitis Types and Causes
      • Secrets of Maternitywear
      • Teething Tips
      • Top Tips for Organising Kids Toys
      • Vitamins and Minerals in Pregnancy
      • What Do I Really Need for My New Baby
    • Building >
      • Building a Home on a Budget
      • Creating More Space Around Your Home
      • Decorating Colour Schemes
      • Designing a Home to Keep in the Heat
    • Business >
      • Simplify
      • How to Build a Good Business Strategy
      • How to Develop Your Brand
      • How to Target Your Market Effectively
      • Kiwisaver in a Nutshell
      • Richard Branson 5 Golden Rules for Business
      • Tips to Create Good Web Content
    • Dining >
      • Asian Cuisines: Indonesian
      • Cuisines of the World - Spain
      • Recipe: French Onion Soup
    • Education >
      • Healthy Ideas for School Lunches
      • Keep Your Kids Safe from Stranger Danger
      • Study Tips - Best Tips for Exam Preparation
      • Study Tips - For Better Learning
      • Study Tips - How to Remember the Boring Stuff
      • Why Learn Maths
    • Health and Beauty >
      • 10 Tips for Radiant Skin
      • Depression Facts
      • Detoxify your Body
    • Motor and Marine >
      • Essential Motorcycle Riding Gear
      • New Zealand Dolphin Tales
      • Swimming at New Zealand Beaches
      • Tips to Save Money When Driving
      • Top New Zealand Diving Spots
    • Pets and Animal Services >
      • A Guinea Pig for a Pet
      • Choosing the Right Pet for your Family
      • Good Dog Breeds for around Kids
    • Real Estate >
      • Auction Buying Tips
      • Building a Home on a Budget
      • Home Decorating Tips
      • Rental Insurance Responsibility
      • Stress Free Home Renovations
    • Retirement >
      • Cardio Tips for Seniors
      • Grandparenting Rules with a New Baby
      • How to Grow Old without Feeling Old
      • How to See the Silver Lining in Times of Loss
      • That Ellusive Retirement
      • The Language and Meaning of Flowers
      • Tips for a Safe Home for the Elderly
      • World War I Legacies
    • Shopping >
      • Caring for Wicker Furniture
      • Ways to Make Old Clothes New Again
    • Sport and Recreation >
      • New Zealand Rugby Greats
      • Rally New Zealand
    • Travel and Tourism >
      • Cruise Tips
      • Long Haul Flight Survival Tips
      • Water Sports
    • Weddings >
      • 16 Things It's Unlucky To Give as Wedding Gifts
      • Alternatives to the Traditional Wedding Cake
      • Romantic Garden Wedding Ideas
      • Wedding Flower Checklist
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