Unfinished Homes ? A Great Way to Buy a HomePosted by Nick Niesen on November 8th, 2010 So you?re looking to purchase a new home and contemplating on whether or not it makes sense to buy an unfinished home to save money. An unfinished home is great way to get into a new home and save dollars. Buying an unfinished home can lower your initial investment and keep the monthly mortgage payment lower. In addition, you might be able to buy an unfinished home with a larger foundation size, such that someday when you finish the home you?ve gone from a ?Starter Home? to a large highly sought after custom home. If the homes you are considering have attached garages planned for them, you could possibly save another $25-30K if you were to forgo the garage. Also, if there is an attached family room planned, you may achieve similar savings as the garage by forgoing it as well. Another possibility for savings, if the home is planned to include a fireplace you could suggest to the builder to forgo the fireplace for the short term and have him build a cap on top of the jog in the foundation for the fireplace. You may be able to save several thousand dollars by eliminating the fireplace. Buying an unfinished home is a great way to enter into the housing market and to get a piece of the American Dream. It allows the potential buyer to grow into the home as their family and financial resources do so. Talk with your builder about the options you may have for buying a home unfinished. You could save a bundle! For more information on building a new home, see the New Home Construction Bid Sheet from HomeAdditionPlus.com. The New Home Construction Bid Sheet provides extensive and important advice to the future homeowner on how to work with a general home contractor and his sub-contractors in order to ensure your home is built the way you want it to be. Like it? Share it!More by this author |