How to Save Money When Building a House

Building a house is a massive financial investment, but it doesn’t have to cost everything you’ve got. With a little foresight and the right strategy, you can keep costs under control without sacrificing quality. From the home-building experts at Jacques Family Construction, here is a look at some smart ways to save money while still getting the home you’ve always wanted.

1. Include a Contingency Budget

Most people understand they need to stick to a budget during a home build, but the details are where things can get messy. We’re talking about everything from permit fees and material costs to labor and landscaping, and all the attendant details. Every little thing adds up, and your initial budget may not cover everything. That’s why it’s wise to build in a contingency fund for those unexpected costs: maybe the foundation needs extra reinforcement, or you decide to upgrade some of your home finishes—whatever it is, having that extra cushion will save you from scrambling for cash later.

The best way to really nail down an accurate budget is by working with experienced professionals. Experienced home builders and contractors like Jacques Family Construction can help you determine exactly how large your contingency budget needs to be, based on their understanding of your design, and the physical nature of the property and soils. They’ll help you identify potential costs you might not even think of, keeping you from any financial surprises down the road and making sure your budget is accurate from day one.

2. Choose the Right Location

When it comes to building a house, location really is everything. But don’t just think about the price of the land itself; zoning laws and local regulations can add hidden costs if you’re not careful. Some areas require specific permits or building codes that might drive up your building expenses—so before you fall in love with that perfect plot, make sure you know the costs associated with building in that location. It’s all about finding the sweet spot where your dream location doesn’t turn into a financial nightmare.

3. Opt for a Simple Design

Here’s a small dose of honesty from our extensive experience: that Pinterest-worthy, multi-tiered roof with the grand cathedral ceilings might be a showstopper, but it’s also a wallet-buster. The more complex your design, the more it’ll cost you—not just in materials but in labor, too. It’s not as if it’s impossible—in fact, as a contractor, we are willing and excited to take on a grand vision! However, the truth is that intricate rooflines, extra floors, and nontraditional angles require more time, precision, and specialized craftsmanship. All that extra flair can easily blow the roof of your budget.

Of course, simple doesn’t have to mean boring. A straightforward layout can still be stylish and functional while saving you serious cash. A good designer or professional architect can help you balance practicality and beauty without blowing the budget. They’ll know how to make the most of your space and money, so you don’t accidentally create a nightmare while trying to build your dream home.

4. Use Cost-Effective Materials

Next to labor, materials are typically the second-most expensive part of a home build. We understand that it’s tempting to splurge on the fancy stuff, but trust us, you don’t need gold-plated fixtures to make a home feel luxurious. Real luxury is where intuitive design merges aesthetics with practical functionality and durability. The right material choices can cut your costs without sacrificing quality or style.

Here’s a little cheat sheet of cost-effective alternatives that still look great and get the job done:

• Engineered wood instead of hardwood: It looks like the real deal but costs a fraction of the price.
• Laminate countertops instead of marble or granite: Modern laminates are durable, sleek, and much easier on your budget.
• Vinyl flooring instead of hardwood or stone: It’s low-maintenance, stylish, and comes in a variety of designs that mimic pricier materials.
• Fiber cement siding instead of stone, brick, or stucco: Offers the same classic look with better durability and at a lower cost.
• Standard tile instead of custom mosaic: Tile is timeless, and there are tons of affordable options that still pack a punch in style.

Before you commit to anything, though, it’s a good idea to consult with your contractor. They’ll help you weigh the pros and cons of different materials and ensure you’re getting the best value for your specific needs. Plus, they may have access to trade discounts, so you’ll save even more!

5. Consider Energy-Efficient Options

Building an energy-efficient home might feel like an upfront expense, but it’s a smart investment for the long haul when considering the amount of savings you’ll see in utility costs. High R-value insulation, passive solar window designs, and modern, smart HVAC systems can drastically reduce your heating and cooling costs. These things may add a bump to your construction budget, but they will save you a lot of money in the long run. Again, a professional contractor and builder can help you determine whether these materials will be worth it for you.

6. Hire Jacques Family Construction for Efficient Budgeting and Project Management

If you’re looking to save money, one of the smartest moves you can make is hiring a general contractor who has experience helping customers create beautiful homes at more affordable prices. Working with the right professional contractor is well worth it, especially when it comes to budgeting and planning a new home build.

Jacques Family Construction focuses on client relationships first. We make sure to understand your needs and preferences at a deep level, so we can more accurately contextualize and plan your budget. As a trusted custom home builder in Northern Colorado, we know the area well and have the experience to handle all the moving parts of new home construction without breaking the bank. Contact us today to get started!