Things to Think about with a New Home Builder

Posted by Jason Norman on April 7th, 2021

Building your own home is not something to sneeze at. It takes commitment, time and money, quite a lot of it. One of the biggest investments you will make is in your choice of new home builder in LBI and then in the contractors they use, the materials and costs of labor as your project gets underway. There are a lot of things to consider when you are building a home and choosing a construction company and cost is one of the main concerns.

Become more familiar with material and construction costs

Understanding or learning about materials and costs involved in this kind of project is very helpful in attempting to estimate the kind of budget you will need. If you find a great home builder in LBI that you can trust, then you know that part of their job will be looking for good quality materials, professionals workers, keeping costs clear for you to see where the money is going. But even when you have that this is a large investment so it makes sense to understand some of the processes. In general home builds have two categories of costs, hard and soft. Soft covers things like appraisal fees, title insurance, architect costs and such, hard costs are things like materials and labor. The big things that impact a build’s costs are design features, materials, shape, location, cooling and heating and quality of finish.

Things to think about when looking at cost estimation

Some questions to consider when making cost estimations and during the design process include;

1. What is the shape of the house? The outside perimeter of the house, meaning its shape, is going to impact the cost to build it. The more complex the shape of the building, the more it costs to build.
2. What size is the living area going to be - A smaller home with a smaller living area costs less than the larger options. You could have a larger living area but not have spaces like the attic or basement finished and then at a later date have those done to save money.
3. What is your final quality of home going to be - The quality of the home comes down to the quality of materials used and the kind of finish the home has. A new home builder in LBI can save you money with simpler finishes.
4. Are you having additional structures - Things like balconies, porches, garages, and other structures or extensions also add to your costs.
5. Where is the home being built - The location of the home has quite a factor in its costs as well. Whether it is suburban, rural, specific locations in prized areas, the costs change. Something in the suburbs for example is cheaper to build than something in the city.
6. What kind of heating and cooling system are you having - The kind of heating and cooling system you have has quite an impact, putting a central system in is more expensive but easier to do at this stage. A home builder in LBI can talk to you about the different options.