How to Create a Budget for Your Custom Home

December 14, 2022

Have you been searching for your dream home but can’t find one that meets all of your needs? You should consider building your own custom home to get everything you want! Don’t let the word “custom” scare you into thinking you can’t afford it — with enough thought and planning, you can build a custom home no matter your budget! Here are some items to consider:

Start with the Basics

One of the first places to start is with your absolute must-have items. The number of bedrooms and bathrooms, square footage, and location are all key in determining the overall cost. If you think about how you live in your current home and what you love and hate about it, that can also help you decide what kind of home you want to build.

Break it Down

Now that you have an idea of what you want in a home, it’s time to look at what that actually costs. There is more to building a home than just the materials and labor needed for your property. The lot you build on and the area of town that lot is located in can add up quickly. You should also budget for all of the finishes and appliances in your new home.

Add Some Extra

It might be smart to include some wiggle room in your budget. You never know if the price of a certain material or product that is a must-have will increase or become unavailable and need to be replaced with a different option. You’ll also likely need to purchase new decor and home items once your home is complete, so including that in your budget will ensure you have the money for all those new curtains and furniture.

Don’t Forget These!

Another cost to consider that sometimes gets overlooked is landscaping. You’ll want to work in the cost of sod, sprinklers, fencing, and even greenery into your budget. These can all add up quickly if overlooked! You can also cut down on your monthly expenses once your home is finished by investing in energy-efficient appliances and systems. Heating and cooling systems, kitchen appliances, lighting, and even solar panels are all options to include in your home that can save you money on utilities in the long run.

Ready to start building the custom home of your dreams? We’re ready to help! Call Paul Gray Homes today at 316-990-0000!