5 ways to stay on budget while designing & building your dream home.
Staying on budget while building a house can be incredibly difficult.
Not only is there so much inspiration from magazines & Pinterest, but there is often pressure or a desire to keep up with the Jones while making design decisions.
No matter what your reason, I completely understand how real the struggle is to stay on budget.
So to help you stay on budget for your home build I thought I would share with you 5 tips that have been helping us stay on budget while building our dream home.
1. Know Your Budget
This may sound silly, but you need to know your budget inside & out in order to stay on budget.
Knowing what your budget is for each category & the breakdown of each budget (item & installation cost) you’ll be able to better understand how to allocate the money as you make decisions along the way.
2. Plan Ahead
This goes right along with #1.
Once you know your budget you can make adjustments as needed by planning ahead & picking out items well before they need to be ordered.
For example, if your budget for faucets is more than you need don’t just order more expensive faucets because the budget says there is room for the expense.
Look around at your other budgets, maybe your lighting budget, cabinet budget, or counter budget needs an extra boost because you decide you want an extra large chandelier in your foyer, you want to add built-ins in your living room, or you decide to splurge on quartz countertops for your kitchen.
If you save money in one area of your budget you can easily re-allocate that money to another section of your budget.
3. Talk to Your Contractor
More than likely your contractor will have a list of businesses they recommend you purchase your fixtures, appliances, faucets, etc. from for your home.
But don’t be afraid to talk to your contractor about outside options.
Sometimes they are ok with you buying things from outside of their list for a discounted price in order to stay on budget.
Just be aware that it’s not a gimmick when your contractor says that faucets from the manufacture are made with inner metal pieces while the ones from a box store are too often made with plastic pieces on the inside (which is one of the reasons why they are cheaper).
So if you do decide to make purchases online be sure to read all of the reviews & do your due diligence before making a purchase, especially if it is a big one!
4. Don’t Be Afraid to Ask for Discounts
Staying on budget is tough, especially when Pinterest is filled with gorgeous inspiration for your home (I have inspiration boards for every room in your home here).
So if your faucet or light fixture quote comes back over budget, don’t start making changes before you talk to the person you’ve been working with who created your quote.
When our faucet quote came back higher than we expected we told her honestly that we wanted to work with her & purchase as many items as we could through her/her company, but that the quote was currently over our budget.
She went back through the quote & was able to shave off a few hundred dollars of savings here & there throughout our quote.
Also, I should note that people are more willing to work with you when you are nice.
That’s not to say that you should be nice just to get something from people, but it’s pretty natural for people to be nice to people who are nice to them.
The lady we’ve been working with for our faucet quote has openly told us on multiple occasions that she enjoys working with us & has even told us horror stories of arguments & disagreements that clients have had right in front of her. Yikes!!
It’s made me wonder if I should write a post about How Not to Argue in Public While Building a House.
But seriously, I do have some tips on how to make small & big decisions in public without arguing if you are interested!
5. Remember What Really Matters
In the end, it is just a house.
Yes, you are spending hundreds of thousands of dollars on it, but it’s not more important than your relationship with your spouse.
And if your priorities are straight you will be able to work together & stay on budget while building your dream house together.
Remembering what really matters while building our house has made this process so much easier for us.
Because my priorities are God first, husband second, & everything else (including the house we will live in) has its place below, it’s been relatively easy to make decisions.
And when I remember that this earth is not our eternal home it makes making decisions about this house even easier!
This house is not my eternal home.
What tips do you have for staying on budget?
I’d love to hear from you!
Feel free to comment below, email me, or tweet me on Twitter.
With love, Giustina
I will hasten and not delay to obey your commands.
Psalm 119:60 NIV