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CATEGORY: budgeting

    landscaping home

    Building a house on your land: A key word in your builder's contract

    I've written about this before, but there are two basic types of homebuilding contracts: cost plus and fixed price. I'm going to address a key exception in the fixed-price contract that you need to be aware of and understand before you sign it.
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    house and piggy bank

    Cost to build a house: When NOT to hide your budget

    If you're buying a used car or used house or bidding at an auction, it's probably smart to keep your cards close to your vest and not reveal your budget. That's just good negotiating strategy when dealing with a transactional-style seller.
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    hidden costs

    Hidden Costs of Hiring a Low-Price Home Builder

    You have a house plan you've fallen in love with. You own your land. You're ready to find a builder and start building your dream home. Problem is, you've been to every reputable builder you can find, and every one of them has said the cost to build that home is outside your budget.
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    leaking faucet

    Where You Shouldn't Cut to Save Money on Your Custom Home

    When building a custom home on your land, it can be tempting to try to save money on things that seem like simple items or commodities. Some of those things are indeed commodities (like wall studs), but some are critical even if they seem simple or unimportant. 
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    light fixtures

    Cost to Build a House: Spend your Money Where It Shows

    Everybody wants to get the most house for their money. One of the best (and least utilized) techniques to do that is pretty simple, and that's probably why it gets overlooked.
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    cutting money in half

    Cost to Build a House: Cut the Cost of Slab and Roof in Half

    With overall inflation and changes in materials, the cost to build a home is always increasing. Two major cost components in a house are concrete and roofing materials such as shingles. 
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    truss framing

    Roof Trusses vs. Stick Framing

    Which is the better way to frame a house—trusses or stick frame? Well, that depends. 
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    installing wood look floor

    The 4 Greatest Factors in Home Building Costs

    There are four basic factors involved in the cost to build a custom home: size, design, features, and operational efficiency. 
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    budgeting for house

    Cost to build a home: Figuring out how much you can afford

    As we've said before, there are two primary parts to figuring out your budget for a custom home. First, think about a number, whether that's the overall amount or the monthly payment, and see if that number scares you. Second, figure out how much you can borrow from the bank for your custom home.
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    Discussing budget

    Creating a Budget Overview for Your Custom Home

    You've been dreaming about your custom home for a while, and now you think it's time to take that leap and build a custom home on your land. But can you afford what's needed to make it all worth it?
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